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Ghost Bites:BHP is finalising documentation for the OZ Minerals dealGrindrod Shipping isn't delisting just yet, after the general offer by Taylor (Maritime, not Swift) was accepted by an awkward percentage of shareholders - they should've used a scheme of arrangement!Kore Potash is navigating the weird situation with the Minister of Mines in the Republic of CongoMC Mining has extended its marketing agreement that gives it access to the export coal marketNEPI Rockcastle has invested in another shopping centre in Poland
Get all the details on these stories and others in this morning's edition of Ghost Bites>>> Get the world viewIn Episode 106 of Magic Markets, geopolitical analyst Marko Papic joined us to discuss his unorthodox and often controversial views on geopolitics. We covered topics like China, Russia-Ukraine and multi-polarity in the modern world, an extremely important concept for emerging markets. Seriously - you are doing yourself a huge disservice if you don't make time for this show>>> And for something a lot closer to home - the latest episode of Ghost Wrap brings you updates on MTN, Steinhoff, Alviva, Mpact, PBT Group, Shoprite - Massmart and Grand Parade. Proudly sponsored by Mazars, this is the most efficient way to stay up on date on the JSE. Enjoy it here>>> Big in JapanThe focus yesterday was on the Yen for once, with the Bank of Japan keeping interest rates unchanged but widening the band within which the 10-year is allowed to fluctuate. This is seen as a potential "pivot" by the BoJ, an interesting move in one of the last major countries currently adapting an ultra-loose monetary policy. The Yen strengthened over 3.3% for the day. TreasuryONE also notes that the dollar is holding ground against the pound and euro, with the rand trading close to the R17.30 handle. Brent Crude has continued to rally from recent lows after optimism around China's relaxation of Covid restrictions. This has ou tweighed recession fears for now at least, with a pro-growth stance and more support for the property market coming through from Chinese officials. Gold and platinum also rallied, and copper is back above $8,330. Have fun out there today! |