Oil prices rise as producers agree on supply compromise

Oil prices rose on Friday, heading for a fifth week of gains, after major producers agreed to continue to restrain production to cope with coronavirus-hit demand but the compromise fell short of expectations.

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Dollar bears emerge from hibernation as post-COVID normality beckons

The dollar’s decade-long bull run is at an end, say top money managers, who are positioning for a stronger-growth, weaker-dollar world.

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Koko denies giving his daughter a billion rands worth of Eskom contracts

Former Eskom CEO Matshela Koko has denied allegations he gave his daughter a billion rands worth of Eskom contracts.

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LIVE: State Capture Inquiry on Eskom, Koko testifies

The Commission of Inquiry into State Capture is looking at evidence relating to power utility, Eskom. Former Eskom executive, Matshela Koko will be providing evidence in this regard.

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Tavern owners welcome proposed lockdown regulations adjustments

The proposed adjusted lockdown regulations for Nelson Mandela Bay have been welcomed by tavern owners in the metro. This includes a curfew from 10 PM to 4 AM.

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LIVE: State Capture Inquiry, testimony relating to the Estina Dairy Farm project

The State Capture Commission of Inquiry continues hearing testimony on off-shore money flow related to the Estina dairy farm project in Vrede in the Free State.

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Numsa SAA, cabin crew to picket over non-payment of salaries

South African Airways (SAA) staff members affiliated to the National Union of Metalworkers of South Africa (Numsa) and the South Africa Cabin Crew Association (SACCA) will on Thursday morning picket outside SAA headquarters in Kempton Park, Johannesburg. The unions are demanding that workers be paid their salaries. It has been eight months since staff at the airline were […]

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PIC says its implemented two-thirds of Mpati Commission recommendations

The Public Investment Corporation has told Parliament that it has already implemented two-thirds of the recommendations of the Mpati Commission into Allegations of Impropriety at the entity.

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State Capture Inquiry to hear Estina Dairy Farm related evidence

The Commission of Inquiry into State Capture will continue with its hearings on Thursday. The Commission will hear Estina Dairy Farm offshore money flows related evidence from a researcher employed by Shadow World Investigations, Paul Edward Holden.

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Asian shares mixed, US dollar near 2-1/2 year lows

Asian shares were mixed on Thursday after a choppy day of Wall Street trade, thanks in part to a disappointing US jobs report, while the greenback languished near 2-1/2 year lows on growing optimism of a coronavirus vaccine.

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Oil drops as OPEC+ resume talks on output cut extension after impasse

Oil prices fell on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic.

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Japan’s service sector struggles to recover amid COVID-19 resurgence – PMI

Activity in Japan’s services sector continued to falter in November, a private sector survey showed, as a resurgence in coronavirus infections weighed on new business and employment conditions.

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Equities hover near record highs as stimulus hopes build

World equity benchmarks hovered near record highs and the dollar hit fresh 2-1/2-year lows on Wednesday as investors weighed the first approval of a coronavirus vaccine and the prospects for more US economic stimulus with disappointing American jobs data.

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Boeing 737 MAX returns to skies with media on board

Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington.

Boeing Co’s 737 MAX took off on Wednesday on its first public appearance with media onboard since being grounded over fatal crashes, as one of its biggest customers, American Airlines, seeks to prove it is safe for passengers.

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