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Countries with strong linkages to the U.S. more sensitive to global shocks – Report

Countries with strong linkages to the U.S. more sensitive to global shocks – Report HARARE – Greater financial integration can complicate the management of domestic financial conditions, the analytical chapters of the Global Financial Stability Report released by the International Monetary Fund today says. The report provides insights on the influence countries retain over their…

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Brainworks featured in LSE’s inaugural Companies to Inspire Africa report

Brainworks featured in LSE’s inaugural Companies to Inspire Africa report HARARE – Several Zimbabwean companies are featured in the London Stock Exchange’s Companies to Inspire Africa 2017 report, which was released last week to demonstrate breadth and diversity of African business.  The report identifies 343 companies from 42 African countries as the continent’s most exciting…

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Billions flow unaccounted through capital flight in Zimbabwe – Report

Billions flow unaccounted through capital flight in Zimbabwe – Report HARARE – Hostile policies, macroeconomic and political instability have largely contributed to capital flight and left the minerals sector vulnerable to smuggling and illicit flows out of Zimbabwe, a new research says. The report, Capital Flight and Trade Misinvoicing in Zimbabwe, conducted by Zimbabwe Economic…

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Exchange Traded Funds track fortunes of platinum-group metals

Exchange Traded Funds track fortunes of platinum-group metals Large volumes of palladium ETF sales point to yet-to-be defined industry development                                Precious metal Exchange Traded Funds (ETFs) have evolved a long way from being the new kids on the metals investment scene. Today ETFs act as a market barometer for underlying investor demand and a…

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Samsung Electronics shares slide as Note 7 recall takes toll

SEOUL Samsung Electronics Co Ltd’s (005930.KS) shares fell to their lowest level in nearly two months on Monday after the tech giant told customers to switch off and return their new Galaxy Note 7 smartphones due to fire-prone batteries. Investors had wiped 15.9 trillion won (14.3 billion) off the South Korean firm’s market capitalization as…

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Global stocks, bonds suffer central bank anxiety attack

SYDNEY Asian shares suffered their sharpest setback since June on Monday as investors were rattled by rising bond yields and talk the Federal Reserve might be serious about lifting U.S. interest rates as early as next week. European bourses were also tipped to open with losses stretching from 1.4 percent for the FTSE .FTSE to…

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Oil prices fall as U.S. drillers add new rigs, speculators cut long positions

SINGAPORE Crude prices fell over 1.5 percent on Monday after U.S. oil drillers added rigs to look for new production as producers adapt to cheaper crude, with speculators cutting positions betting on further price rises. Brent crude futures LOCOc1 were trading at $47.29 per barrel at 0200 GMT (10:00 p.m. EDT), down 72 cents, or…

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European stocks rocked by return of volatility after summer lull

LONDON European stocks fell sharply on Friday, dropping suddenly in afternoon trade following a sell-off on Wall Street as investors reacted to less dovish than expected signals from central bankers on both sides of the Atlantic. The pan-European STOXX 600 index was down 1.1 percent, the biggest one-day fall for the index since the start…

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Dollar starts week on the back foot, risk aversion buoys yen

TOKYO The dollar began the week on the back foot on Monday as a bout of risk aversion underpinned the yen, though losses were limited as the U.S. currency garnered some support on renewed talk of a possible rate hike by the Federal Reserve as early as this month. The safe-haven yen benefited from a…

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Gold near two-month lows on rate hike worries

LONDON Gold on Wednesday held near two-month lows hit in the previous session, with the dollar firm after upbeat U.S. data and as investors waited for nonfarm payroll numbers later this week for clues on the timing of a Federal Reserve rate hike. Spot gold was little changed at $1,310.48 per ounce at 0104 GMT….

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