Analysis: Indices

Foreign investors raise bets that India stock market rally may stall

Foreign investors are becoming more cautious about the Indian stock market, indicating a three-month rally may run out of legs despite retail traders growing optimistic, according to monthly...

How does India benefit from early, ample monsoon rains?

MUMBAI -India's weather office has forecast an above-average monsoon season for the second straight year in 2025, with the annual rains arriving at their earliest in 16 years. The rains...

India gold demand lags as prices rise, wedding buying cools

Physical gold demand in India was subdued this week, as an uptick in domestic prices and a winding up of wedding season kept buyers at bay, while premiums slipped in top consumer China. ...

South Africa's Dis-Chem Pharmacies posts annual profit jump, declares final dividend

JOHANNESBURG -South African pharmacy chain Dis-Chem Pharmacies reported a 20% increase in full-year earnings on Friday, and also declared a final dividend of 27.85 cents. The group's...

Stocks finish lower but notch strong monthly gain despite tariff worries

NEW YORK -Global stocks finished down on Friday but notched a weekly gain and the biggest monthly increase since late 2023, despite markets having been roiled by uncertainty over the Trump...

South African rates in 'neutral zone' after latest cut, central bank deputy says

JOHANNESBURG -South Africa's central bank believes it has reached a neutral zone on interest rates after its latest cut and now needs government reforms to spark stronger economic growth, Reserve...

African Development Bank to launch carbon credits support facility

NAIROBI -The African Development Bank will launch a carbon markets support facility for the continent, senior bank officials said on Thursday, to unlock finance for a region increasingly impacted by...

South African central bank governor's comments on rate decision

PRETORIA -Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago at a news conference to announce the central bank's latest interest rate decision. INFLATION ...

South Africa producer inflation unchanged at 0.5% y/y in April

JOHANNESBURG -South Africa's producer inflation was at 0.5% year on year in April, unchanged from March, statistics agency data showed on Thursday. The Producer Price Index increased...

India wheat, rice production to rise to record high, government says

MUMBAI -India is likely to produce a record 117.5 million metric tons of wheat in the year ending June 2025, the farm ministry said, above its March forecast of 115.4 million tons, as higher prices...

US dollar drops as investors prepare for court battle on tariffs

NEW YORK -The dollar fell on Thursday as investors prepared for U.S. President Donald Trump to battle a U.S. trade court ruling on Wednesday that blocked most of his proposed tariffs. A...

Sudan war shatters infrastructure, costly rebuild needed

KHARTOUM -Destroyed bridges, blackouts, empty water stations and looted hospitals across Sudan bear witness to the devastating impact on infrastructure from two years of war. ...

Ex-analyst sues Freepoint Commodities, alleges pressure to facilitate insider trading

A former senior analyst at U.S. trading company Freepoint Commodities has sued the company, alleging that top executives pressured employees to facilitate insider trading and retaliated against...

Asian bonds draw largest foreign inflow in eight months in April

Investors from outside Asia piled into bonds from the region in April, especially in the second half of the month, seeking to diversify from the United States in their quest for markets with stable,...

No imports needed: India's wheat harvest defies market speculation

A strong wheat harvest in India is rapidly replenishing stocks, meaning the country will be able to meet domestic demand without imports this year, contrary to market talk that it would need overseas...

EU almost on track to reach 2030 climate goal

BRUSSELS -The European Union is nearly on track to reach its main climate target for this decade, with countries' existing CO2-cutting plans set to bring the bloc within one percentage point of the...

South Africa's Tiger Brands' half-year profit rises more than expected

JOHANNESBURG -South Africa's Tiger Brands posted better-than-expected half-year earnings on Wednesday, declaring a special dividend and also announcing the sale of its maize milling business. ...

Japan's Nikkei seen rising about 5% by year-end, shaking off Trump tariff impact

Japan's Nikkei share average will climb about 5% by end-year as uncertainties over U.S. trade policies that have been holding the index back continue to clear up, although volatility is likely in the...

IMF says Egypt making progress, still needs to widen tax base

CAIRO -Egypt has made progress towards macroeconomic stability and has been streamlining tax and customs procedures, but still needs to widen its tax base, the International Monetary Fund said on...