MARKETS

Silicon Valley Is Losing Its Regulatory Favor – Forbes

Forbes Silicon Valley Is Losing Its Regulatory FavorForbesRemember I said: “I suspect Amazon’s earnings miss will be the cue for profit taking, and a rotation will take place from the high flying tech leaders, to the beaten down commodities stocks.” At that time, the central banks were talking “reflation” but …

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Perseus Mining’s (PRU) Market Perform Rating Reiterated at BMO Capital Markets

BMO Capital Markets reissued their market perform rating on shares of Perseus Mining Ltd (TSE:PRU) in a research note published on Thursday morning. They currently have a C$0.45 price objective on the stock. Shares of Perseus Mining (TSE:PRU) opened at 0.345 on Thursday. The stock’s market capitalization is $355.98 million. Perseus Mining has a 52-week low of $0.29 ...

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6 ‘illegal money changers’ charged under new law

Some of the illegal forex dealers at Tredgold Courts yesterday Thandeka Moyo, Court ReporterSIX suspected illegal money changers in Bulawayo have become the first to be charged under a new law that criminalises buying and selling forex. The law was gazetted on Thursday. Maritha Ncube (32) of Lobengula West, Celestino Panganai and David Madaba both from Cowdray Park, Enias Dzinavhanu ...

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RBZ probes banks | The Chronicle

Minister Patrick Chinamasa Pamela Shumba, Senior ReporterThe Minister of Finance and Economic Development Patrick Chinamasa has defended the use of bond notes and added that the Reserve Bank of Zimbabwe (RBZ) is investigating all banks as Government seeks to curb malpractices behind cash shortages. In a ministerial statement on cash shortages and bank charges delivered in Parliament on Thursday, Minister ...

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PH to remain active in global capital markets: Dominguez

MANILA – The Philippines will remain active in the global capital markets and is eyeing not just a Panda bond issuance but also a Samurai bond issuance. Finance Secretary Carlos Dominguez III said the country’s finance officials are working with the Bank of China for the internal and external approval of the yuan-denominated Panda bond, a debt paper issued in ...

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Arrest monsters on the run

Foreign currency dealers wait for customers in Bulawayo last week. Government must quickly introduce blitzkrieg measures that will put the monsters, or mischief-makers, in leg chains permanently to immobilise them Stephen MpofuMonsters on the loose are rampaging through Zimbabwean society, trampling underfoot the confidence in Government by both the gullible and rational-minded citizens of our country all the while defaming ...

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New Virtual Currencies Hit Barriers in U.S. and 2 Other Nations

The agency said on Friday that Mr. Zaslavskiy had told investors that he had a team of lawyers, brokers and accountants working on the project when, in reality, “none had been hired or even consulted.” The S.E.C.’s complaint, filed in federal court in Brooklyn, accused Mr. Zaslavskiy of fraud and asked for a freeze on his assets. Mr. Zaslavskiy, a ...

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Forex dealers, cops play hide and seek

Passers-by and police look at Zanu-PF Harare Province political commissar Shadreck Mayamombe’s branded vehicle which was stoned by #Tajamuka members protesting the police clampdown on forex dealers in Harare yesterday. – Picture by Innocent Makawa Freeman Razemba and Nyemudzai Kakore—Illegal foreign currency traders who operated on street corners in Harare yesterday went underground for fear of arrest and losing their ...

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