Author: Lucas

Valterra Platinum stock doubles on the JSE in 2025 after its split from Anglo American Rising platinum group metals prices drive gains across global listings Market cap reaches 328 billion rand as demand, supply shocks, and investor interest grow A few months after its separation from Anglo American, Valterra Platinum (formerly Amplats) is set to close the 2025 financial year with strong performance on the markets. On Monday, 1 December, the South African miner’s shares traded at 1,236 rand ($72) on the Johannesburg Stock Exchange (JSE), up 108% year-to-date. The surge reflects a…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Strong demand for Japanese government bonds helped to steady Asian markets on Tuesday, a day after hawkish comments from the central bank governor sparked a global sell-off.The yen steadied and equity markets were flat, with investors reassured by demand at an auction of Japanese government bonds. The benchmark Nikkei 225 and the broader Topix both closed up 0.1 per cent, while the yen weakened 0.1 per cent against the dollar.The auction of 10-year Japanese bonds attracted relatively solid demand, including from pension…

Jumia Technologies AG’s stock continued its impressive ascent at the opening of the trading week, building directly on the strong gains recorded the previous Friday. The equity opened higher on Monday, trading toward a daily peak of $12.91. This price action places it just cents away from its 52-week high of $13.14.Fundamental Catalysts Underpin the RallyThe sharp upward move is supported by concrete operational improvements. Key performance indicators from the company’s third-quarter report and the ongoing November sales period are bolstering investor confidence. These include: A 25% year-over-year revenue increase to $45.6 million. A 21% growth in Gross Merchandise Volume…

New Delhi: Gold prices surged by Rs 3,040 to Rs 1,33,200 per 10 grams in the national capital, tracking strong global trends and a weak US dollar, according to the All India Sarafa Association. Analysts said sustained jewellery demand amid the ongoing wedding season supported the precious metal. The precious metal of 99.5 per cent purity zoomed by Rs 3,040 to Rs 1,32,600 per 10 grams. Gold is now inching closer to its all-time high of Rs 1,34,800 per 10 grams (99.9 per cent purity) and Rs 1,34,200 per 10 grams (99.5 per cent), respectively, traders said. Silver continued its…

Shares of Swiggy Ltd advanced 2 per cent in Tuesday’s trade amid a Bloomberg report suggesting the proposed $1.1 billion qualified institutional placement (QIP) by the online food delivery platform will kick off next week.On a day, the BSE Sensex dropped over 450 points, Swiggy shares were trading 1.57 per cent higher at Rs 394.45 apiece.  To recall, the Swiggy boatd had on November 7, approved the raising of funds by way of public or private offerings including, through one or more tranches, by way of qualified institutions placement or any other permitted modes under applicable laws, for an aggregate…

A large fire broke out in the city of Livny in Russia’s Oryol region after a drone attack early Tuesday morning, likely targeting a local oil refinery. The Exilenova+ Telegram channel reported that two terminals at the refinery were on fire.JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official. Regional governor Andrey Klychkov confirmed that drones attacked the area overnight, causing fires at fuel and energy facilities, though he did not specify which ones. Livny is home to the Orelnefteproduct oil depot, which was previously hit by drones on Jan. 24, 2025, according to ASTRA. Russia’s Ministry…

We welcome this policy change however there are several caveats the public should be aware of, Shadow Minister of Finance Dr. Douglas De Couto said as he responded to the Government’s decision about land tax exemptions and surviving senior spouses. Dr. De Couto said, “Recently, the Government announced that land tax exemptions for surviving spouses of a deceased senior citizen [65+] may be continued for up to two years while probate is completed. The One Bermuda Alliance recognizes that lengthy probate delays are causing financial hardship and unnecessary distress on many Bermudian families, and we welcome this policy change. “However…

Minnesota once prided itself on its Scandinavian-style safety net – high taxes, generous benefits and a shared belief that no child should ever go hungry.But that image lies in ruins after a billion-dollar fraud spree that siphoned taxpayer money away from the needy and poured it straight into luxury mansions, high-end cars, overseas real estate and designer lifestyles.What authorities first hoped was a one-off pandemic scam has now been exposed as something far bigger – and far uglier.Federal prosecutors say that over the past five years, scores of scammers – many operating inside Minnesota’s Somali diaspora – stole more than…

Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.Ukraine has launched a restructuring of $2.6bn of growth-linked debts that are seen as key to financing its war effort and which had threatened to drain billions of dollars from Kyiv’s postwar finances.The country’s finance ministry on Monday unveiled an offer for investors to swap so-called GDP warrants into new bonds by the end of the year in return for a cash sweetener of up to $180mn and gradually rising interest payments, following months of talks.Ukraine and a committee representing some of…

Fines imposed on ANZ by the corporate regulator for misconduct at its retail bank and misreporting of bond trading data were not tough enough, according to the Federal Court.Justice Jonathan Beach, who is reviewing the Australian Securities and Investments Commission’s $240 million fine of ANZ, remarked that parts of the fine were “on the light side” as he determined whether to approve the penalty.Loading… Source link