R/€ = 18.15 Change: 0.03
R/$ = 14.90 Change: 0.09
Au 1853.30 $/oz Change: 9.46
Pt 1099.21 $/oz Change: 0.67


Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

Hydrogen tops Canadian investors’ clean energy list, HSBC says

30th November 2020 Hydrogen is the clean energy investment that appeals the most to Canadian asset managers, while companies prefer solar, according to a survey carried out for HSBC Holdings. Interestingly, among 17 options for the reduction of greenhouse-gas emissions, the most favored by each group, hydrogen and... 

Glencore Agri changes name to Viterra, doesn’t plan to go public

30th November 2020 Glencore’s agriculture unit has changed its name, a move that further distances the business from the world’s largest commodities trader, but which the company said isn’t a step toward public listing. The agriculture division has rebranded to Viterra, the name of a Canadian crop handler it... 

Copper hits seven-year high as demand hopes build

27th November 2020 Copper rallied for a fourth day to reach a seven-year high, adding to this week’s powerful surge across base metals on hopes for a post-pandemic demand boom. The metal, which is used in everything from household wiring to electric vehicles, is gaining on optimism that the worst of the global... 

Australia seeks to break China coal stalemate as tensions rise

26th November 2020 Prime Minister Scott Morrison said he’s appointed his “best people” to work on breaking a stalemate that’s seen more than 50 ships laden with Australian coal stranded off Chinese ports, as tensions between the trading partners increase. More than $500-million worth of Australian coal and about... 

South Africa could sell shares in restructured national airline

25th November 2020 South Africa could offer to sell shares in the bankrupt national airline to the public as part of an ambitious new plan to revive the carrier outlined by Finance Minister Tito Mboweni. The government could bring the various parts of the South African Airways group into one company that would be... 

There’s $500m of coal on anchored ships off China’s coast

25th November 2020 More than $500-million worth of Australian coal is on ships anchored off Chinese ports, as a diplomatic spat between the two countries cuts into trade, idles a portion of the world’s dry bulk carriers and threatens to spiral into a humanitarian crisis. More than 50 vessels have been waiting a... 

These days, the smart money is staying away from Arctic drilling

25th November 2020 The Trump administration is racing against legal deadlines and a merciless regulatory calendar in its last-ditch effort to sell drilling rights in the Arctic National Wildlife Refuge before President-elect Joe Biden is sworn in at noon on January 20. Even if the White House succeeds in clearing... 

Gold drops to four-month low on vaccine news, Biden transition

24th November 2020 Gold dropped to the lowest level in four months amid optimism over Covid-19 vaccine developments and the triggering of a formal transition process to President-elect Joe Biden. The General Services Administration acknowledged Biden as the apparent winner of the presidential election on Monday,... 

South Africa’s ability to tame wage bill uncertain, Fitch says

23rd November 2020 South Africa may struggle to stick to a plan to rein in government spending by freezing public-sector wages, Fitch Ratings said on Monday. Finance minister Tito Mboweni has outlined a plan to pare the government salary bill, which has surged 51% since 2008, as part of an effort to start bringing... 

Billionaire miner Forrest aims to be a global clean energy giant

23rd November 2020 Billionaire Andrew Forrest broke into the ranks of the world’s top iron-ore exporters, now he’s targeting an entry into renewables in as soon as two years under an ambitious plan to produce more energy than giants like Chevron. Forrest’s Fortescue Metals Group will begin green fuel production in... 

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