MARKET WRAP: Rand falls as China property situation worsens

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Ireland News News

JSE basks in glow of Sibanye-Stillwater’s $1bn Brazilian deal and strong corporate earnings in the US

The rand weakened against major currencies on Tuesday, pulled lower by precious- and base-metals prices as another Chinese property developer defaulted on a debt obligation.

Debt problems in China’s property sector have become a global threat, with Modern Land on Monday becoming the fourth developer there to default on an overseas debt obligation...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Talk of delta effects

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WATCH: Market ReportBusiness Day TV talks to Viv Govender from Rand Swiss Offshore and Willem Oldewage from Nitrogen Fund Managers
Source: BDliveSA - 🏆 12. / 63 Read more »

Actor Sello Maake ka Ncube is officially off the market & livin' it up in Zanzibar'I'll never let her go nor disappoint her,' Sello shared in another IG post. December is approaching and Bitcoin is currently doing the most, start a trade today with as low as $300 and get a profitable return of $10000 Like McDonald’s…aaa aaa aaa, I’m lovie this!
Source: TimesLIVE - 🏆 28. / 59 Read more »

Market data — October 25 2021Market data including bonds and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »

Legal fight at Free Market Foundation pits its chair against presidentA funder of the Free Market Foundation has gone to court to contest the legality of the organisation's board, which was appointed last year.
Source: TimesLIVE - 🏆 28. / 59 Read more »