Wed Mar 2, 2016/Reuters By Saikat Chatterjee Asian shares rallied to two-month highs on Wednesday as overnight gains in oil prices and a batch of positive economic data from Australia to the United States calmed fears of a global economic slowdown. Fueled by Asia, European stock markets are seen opening […]
Tag: Reuters
Barclays reveals restructuring plan, to exit Africa as profits fall
Tue Mar 1, 2016/Reuters Barclays Plc reported a 2 percent fall in full-year adjusted pre-tax profit on Tuesday and unveiled plans to simplify its UK & international operations to boost returns and cut costs, primarily by exiting its historic African business. The British lender said it would sell down its […]
Growth in South Africa’s economy slows to 0.6 pct q/q in fourth quarter
Tue Mar 1, 2016/Reuters South Africa’s economy grew by 0.6 percent in the fourth quarter of 2015 after rising 0.7 percent in the three months to September, Statistics South Africa said on Tuesday. Gross domestic product also expanded by 0.6 percent on an unadjusted year-on-year basis in the fourth quarter, […]
