Category: Markets


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....


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...


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...