Much of the markets' focus last week was on another round of records — from the Dow Jones Industrial Average and S&P 500 closing Friday at new highs, to Bitcoins' wild ride ahead of the formal launch of futures trading. The spotlight was also on lower implied stock volatility, with the VIX dipping below
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30 from a year earlier, according to official data released on Monday, beating the median estimate of economists in a Bloomberg survey. Seasonally adjusted output rose 1.2 percent from the previous three months, below the median 1.8 percent estimate of four economists. Below are further highlights
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Last week Stenihoff announced that chief executive Markus Jooste will resign with immediate effect, adding that information has come to light which ârelates to accounting irregularities requiring further investigationâ. Steinhoff has asked accountancy giant PwC to conduct an independent investigation.
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The global agreement to limit production is making progress in re-balancing supply and demand for oil, though some excess inventories remain and more work is needed to remove them, United Arab Emirates Energy Minister Suhail Al Mazrouei told reporters on Monday at the Bloomberg Invest Abu
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Johannesburg â Disgraced retail international holding company Steinhoff [JSE: SHF] has established a board subcommittee to bolster independent governance following the resignation of CEO Markus Jooste over accounting irregularities which are being investigated. In a note to shareholders issued
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