Category: Markets

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Hindalco shares jump 12 per cent

Shares of aluminium maker Hindalco on Monday ended with a sharp gain of 12 per cent after its standalone net profit more than doubled to Rs. 356 crore for the fourth quarter ended March....

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Downgrade risk drives SA firms from bond market

BLOOMBERG File picture: Waldo Swiegers, Bloomberg Johannesburg – As South Africa braces for a credit-rating downgrade, the nation’s companies are finding the bond market an unfriendly place. Corporate bond sales in the second quarter...

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Iron ore: April was awesome, May was moody

REUTERS Beijing – For iron ore, if April was a party then May’s been the aftermath. Benchmark prices are headed for the biggest monthly loss since 2012 as a rally driven by a speculative...