North Korea launched two projectiles from the eastern part of the Korean Peninsula, according to a statement from the South Korean Joint Chiefs of Staff. The statement called the projectiles “unidentified” and said that they flew 430 kilometers, or about 267 miles. The statement offered few other details other than to say the projectiles were fired from Wonsan, where North Korea has previously tested missiles.
in cash as 737 Max grounding costs mounted. The planemaker’s revenue missed and it withheld guidance. Last week’s charge occurred so close to earnings that it doesn’t appear to be reflected in many analysts’ estimates, throwing off comparisons. Shares fell 3%.
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Business Maverick: Wednesday, July 24: Five Things You Need to Know to Start Your DayTrade talks between China and the U.S. are back on. And Beijing would like Washington to keep its mitts off of Hong Kong. Here are some of the things people in markets are talking about today.
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Group Five raises R1.2bn from sale of assets since start of business rescueIn March, Group Five resolved to place its companies into business rescue.
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Business Maverick: IMF Cuts Global Growth Forecast Again as ‘Missteps’ Fuel ConcernThe International Monetary Fund further reduced its global growth outlook, already the lowest since the financial crisis, and suggested that policy “missteps” on trade and Brexit could derail a projected rebound.
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BUSINESS MAVERICK: Naspers’ Amsterdam listing elicits taxing questionsA kerfuffle has broken out among asset management companies about a scheme to avoid the immediate payment of capital gains tax in the process of Naspers’ listing in Amsterdam. Some say it’s tax avoidance rather than tax evasion. Others say it’s risky and opens shareholders to a tax challenge, so they are advising their clients to not do it. It shows Naspers shareholders face more than one tricky choice they should consider carefully.
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BUSINESS MAVERICK: Most South Africans can’t afford to retire, but there is a possible solutionChances are that when you reach retirement age you will have made too little provision to do so in comfort, or in some instances do so at all. It’s not just about a lack in savings culture – times are tough and every penny has been accounted for. But industry players say we can still turn this sinking ship around, and Retirement Benefits Counselling is where we should start.
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