BUSINESS

Global Stocks Mostly Retreat

Asian markets are struggling out of the blocks at the start of the year, after a global rally over the past two months
Asian and European stock markets mostly fell Wednesday as traders took cash off the table after a blockbuster end to 2023, with eyes now on the release this week of US Federal Reserve minutes and jobs data.
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Apple Watch Ultra 2 devices are displayed for sale in Los Angeles

Apple To Appeal US Watch Ban

Apple said on Tuesday it will appeal a US ban on its latest smartwatch models after the Biden administration opted to not veto a ruling on patent infringements.
Argentine President Javier Milei (C) delivered his speech to the nation from the Casa Rosada presidential palace in Buenos Aires, flanked by his cabinet

Argentina's Milei Orders Major Deregulation Of Economy

Argentina's new leader Javier Milei unveiled Wednesday a series of measures to deregulate the country's struggling economy, eliminating or changing more than 300 rules via presidential decree, including on rent and labor practices.
When other developers settled with Google, Epic's CEO Tim Sweeney stuck to his guns, repeating his demand that Google open up Android smartphones to other modes of payment, and without charging a hefty commission

Big Tech Stumbles In Google's Epic Defeat

Google' stinging defeat against Fortnite-maker Epic Games in a California courtroom could be an important blow against big tech's decades of supremacy on antitrust matters in the United States.
The US Fed is widely expect to hold rates again on Wednesday

US Fed Pause Expected Amid Flurry Of Rate Decisions

With a pause deemed extremely likely, attention is on the language of the Fed's decision, along with its accompanying economic forecasts, and the post-meeting press conference by Fed Chair Jerome Powell.
South Africa's Eskom to reduce power cuts but long-term outlook bleak

Eskom To Appoint Dan Marokane As New CEO: Report

The search for the new Eskom CEO started last year when former CEO Andre de Ruyter resigned abruptly from his post in February 2022 and alleged that members of the energy company were involved in corruption.
Bitcoin this week reached above $44,000 for the first time since April last year

Bitcoin Rally Shines Spotlight On Investor Risks

A much-anticipated US approval of wider bitcoin trading has helped the world's biggest cryptocurrency reach 20-month heights, risking however pain for new investors unaccustomed to its volatility.
Data showing a fall in US job openings indicated the labour market was softening, giving fresh hope that the Federal Reserve could cut rates soon

Stock Markets Advance On Rate-cut Hopes

Global equities rose Wednesday with Frankfurt striking a record peak, as investors tracked resurgent hopes of interest rate cuts from the European Central Bank and the US Federal Reserve.

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