Lesedi names Leon van Wyk as new CEO to lead company into next phase of growth

Articles can be saved for quick future reference. This is a subscriber benefit. If you are already a subscriber, please log in to save this article. If you are not a subscriber, click on the View Subscription Options button to subscribe. Bristol Myers Names Incoming CEO Boerner as Next ChairmanAppointment effective on April 1, 2024 … Read more

Europe’s inflation eased to 2.9% in October thanks to lower fuel prices. But growth has vanished.

FRANKFURT, Germany (AP) — The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold. But that encouraging news was balanced by official figures showing economic output in … Read more

Downward pressure on Yuan to persist before economic growth gains a solid footing

Weak PMI The official manufacturing PMI fell below the 50 neutral mark to 49.5 after it increased to 50.2 in September. Further, the official non-manufacturing PMIs for October eased back to 50. 6 from 51.7 in September. The downward pressure on CNY will likely persist before economic growth decisively gains a solid footing. In the … Read more