South African stocks ended sharply higher on Friday, booking their third straight day of gains, with miners among the top performers as commodity prices cruised higher.
It is the low-income nations in the continent, like Tanzania, which are exhibiting the strongest growth.
Communications company Polycom, Inc.'s stock dropped by over a quarter on Thursday, in the wake of the company's third quarter earnings report, which missed analysts' expectations.
The drug maker recorded strong revenue but warned that pending availability of generics will hit at sales of Zyprexa, Cymbalta and Evista, which together accounted for 41 percent of third-quarter sales.
Microsoft Corp. looks set to report flat or lower demand for its flagship Windows product on Thursday, a victim of limp personal computer sales, casting a shadow over otherwise strong earnings in a troubled global economy.
Intel Corp shares rose nearly 4 percent on Wednesday, the day after the chipmaker forecast an upbeat fourth quarter that underscored its strength in emerging markets, and prompted at least seven brokerages to raise their price target on the stock.
South African group Steinhoff will swap several of its industrial units for a bigger stake in Kap International, in a $1.1 billion deal giving it control of the manufacturing firm.
Finance ministers and central bankers from the world's top economies are set to back mandatory capital surcharges on big lenders of as much as 2.5 percent to be phased in beginning in 2016.
The Nigeria naira firmed sharply against the greenback on Wednesday after the central bank pumped dollars into the market and cleared all forex demand at its bi-weekly auction, signalling its determination to support the local currency.
Stock exchanges from six of the world's largest emerging markets will join forces to cross-list equity indexes derivatives, to target investor demand for fast-growing economies.
Gold prices rose 1 percent in Europe on Wednesday as the dollar fell to a three-week low against the euro, and after the Slovak parliament's rejection of a plan to expand the bloc's rescue fund stoked concerns over the Eurozone debt crisis.
A struggling South African textile union may be changing the way labour is priced in Africa's largest economy by offering massive wage reductions to unskilled workers to create jobs and save a dying industry.
Gold, silver, platinum and palladium, as well as other commodities, generally stand a better chance of handling a global economic downturn than other types of investments, Barclays Capital said Monday.
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South African share prices rose on Wednesday with investors snapping up stocks they felt had been over-sold and as positive sentiment seeped back into global markets after Europe said it would protect the region's lenders from the euro zone crisis.
South African government bonds and the rand currency ended firmer on Wednesday, boosted after a minister said the government would keep a lid on spending and tracking gains elsewhere as global risk appetite picked up.
New Apple Inc CEO Tim Cook presided over the company's first major media launch since taking over from Steve Jobs in August, but the latest version of the iPhone he unveiled did not excite investors, sending its shares down as much as 5 percent.
With Apple's next iPhone announcement just a day away, experts and analysts make their last-minute predictions on what the world can expect to see come out of Cupertino tomorrow.
With only a day remaining for Apple's eagerly anticipated iPhone event, rumors over what the company will and will not include in its new phone, which is believed to be the iPhone5, continues to grow.
Nouriel Dr. Doom Roubini, the NYU professor who four years ago accurately predicted the global financial crisis, says tough medicine is needed to end it: another round of massive fiscal stimulus or universal debt restructuring.
Europe's never-ending debt saga has investors girding for volatile, unsteady currency markets for years to come.
Apple invited the tech press to an iPhone-related event scheduled for Oct.4, with simply the email tag Let's talk iPhone.
