South African rand falls as US data bolsters dollar

South African rand falls as US data bolsters dollar

JOHANNESBURG (Reuters) – South Africa’s rand slipped to a three-week low in early trade on Wednesday as robust U.S. economic data supported the dollar. At 0640 GMT, the rand traded at 14.3725 per dollar, 0.82 percent weaker than its New York close …
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Wirecard lands $1 billion investment from Japan's Softbank

BERLIN (Reuters) – Japan’s Softbank Group Corp will buy a 5.6 percent stake in Wirecard for around 900 million euros ($1 billion), the German company said on Wednesday, joining forces in the digital payments sector. FILE PHOTO: The logo of SoftBank …
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SoftBank to Invest $1 Billion in Payments Firm Wirecard

Japan’s SoftBank Group Corp. 9984 0.39% plans to invest about €900 million ($1 billion) in Wirecard AG WDI 7.37% , forging a partnership that allows SoftBank to take a minority stake in the German payments company, Wirecard said Wednesday.
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Sebi orders pause on Leela's deal with Brookfield

Mumbai: Ahead of the postal ballot for sale of assets by Hotel Leelaventure Ltd to Canadian fund Brookfield on 24 April, Securities and Exchange Board of India (Sebi) has put a pause on the hotel chain’s plans. In a stock exchange filling Leela said that they …
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Sharp rise in Primark profits support ABF earnings

A sharp rise in profits at Primark boosted earnings at owner Associated British Foods, helping the conglomerate keep its 2019 outlook steady. ABF said on Wednesday that group revenue ticked 1 per cent higher to £7.53bn in the 24 weeks to March 2, while …
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