Author: Press Room

© Reuters. FirstRand (JSE:FSR), one of South Africa’s leading financial services groups, has witnessed a significant uptick in insider trading activity with purchases outstripping sales over the past year. This positive development comes as the company reports a solid 29% annual growth in earnings per share (EPS) over the last three years and a revenue increase of 12% to R121 billion. The most notable transaction within this period involved Emmarentia Brown, CEO of Rand Merchant Bank (RMB), a division of FirstRand, who acquired shares valued at R157 million at an approximate price of R64.86 each. This purchase underscores the confidence…

© Reuters. FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo By Sudarshan Varadhan (Reuters) -Oil prices rose on Wednesday as China’s factory output and retail sales beat expectations, a day after the International Energy Agency (IEA) raised its oil demand growth forecast for this year. futures rose 20 cents, or 0.2%, to $82.67 a barrel by 0427 GMT, while U.S. West Texas Intermediate (WTI) crude rose 15 cents, also 0.2%, to $78.28. China’s October economic activity perked up as…

grandriver Chevron (NYSE:CVX) is weighing options for ~70K net acres of land in east Texas’ Haynesville shale after pausing development earlier this year, Reuters reported Tuesday. Among the options under consideration is a full sale of the Haynesville assets or partnerships with other producers in the region, according to the report, which added that the company has informed some potential buyers of its plans to market the assets early next year. The acreage – much of it undeveloped – likely will be valued in the low hundreds of millions of dollars, the report said. The move would be a small…

Republican presidential candidate and former U.N. Ambassador Nikki Haley was ripped by critics Tuesday after she vowed to require all social media users be verified in the name of “national security.””When I get into office, the first thing we have to do, social media accounts, social media companies, they have to show America their algorithms. Let us see why they’re pushing what they’re pushing. The second thing is every person on social media should be verified by their name,” Haley said during an appearance on Fox News earlier in the day. “First of all, it’s a national security threat. When you…

Research shows more seniors are living alone, in larger homes with more empty bedrooms that could be … [+] rented out.Getty Images A new report from Apartment List by Chris Salviati reveals a surging supply of extra bedrooms amid rising demand for cash by seniors facing a retirement income crisis. This intriguing finding raises the question: Can seniors rent out their spare bedrooms to stave off low income in old age? It’s an age-old question, actually. For centuries, widows and other senior ladies (as they were called) took in boarders to make ends meet. As things got better and Social…

Real estate groups led a Wall Street rally on Tuesday, following a softer than expected inflation report earlier in the day.The S&P 500 closed 1.9 per cent higher, with the interest rate sensitive real estate sector leading the way with a 5.4 per cent advance. The SDPR S&P Homebuilders ETF gained 5.9 per cent, its best one-day rise in a year. Utilities advanced 4 per cent.Meanwhile, the tech-heavy Nasdaq Composite gained 2.4 per cent, nothching its biggest one-day gain since April.Treasury yields plummeted, with the yield on the rate-sensitive two-year Treasury note down 0.21 percentage points at 4.83 per cent.…

© Reuters. A man rides a scooter past apartment highrises that are under construction near the new stadium in Zhengzhou, Henan province, China, January 19, 2019. Picture taken January 19, 2019. REUTERS/Thomas Peter/File Photo BEIJING (Reuters) – China’s property sales fell at a faster pace in October and investment in real estate slumped, official data showed on Wednesday, suggesting the crisis-hit sector is yet to emerge from its decline despite Beijing’s recent support efforts. Property sales by floor area fell 20.33% year-on-year against a 19.77% fall in September, according to Reuters calculations based on data released by the National Bureau…

© Reuters. Visitors look at a Toyota Camry car during the Bangkok Auto Salon 2019 in Bangkok, Thailand, July 4, 2019. Picture taken July 4, 2019. REUTERS/Athit Perawongmetha By Joseph White DETROIT (Reuters) – The next generation of the Toyota (NYSE:) Camry, the best-selling sedan in the U.S. market, will come with only a gas-electric hybrid powertrain, the boldest move yet by the Japanese automaker to push hybrid technology into the heart of the U.S. market. The 2025 Camry will combine a 2.5-liter gasoline engine with an electric drive system tuned to deliver more power in both front-wheel drive and…

© Reuters. European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman (Reuters) -The European Union reached a deal early Wednesday on a law to place methane emissions limits on Europe’s oil and gas imports from 2030, pressuring international suppliers to clamp down on leaks of the potent greenhouse gas. After all-night talks, negotiators from EU member states and the European Parliament agreed to a law which from 2030 will require importers of , gas and coal into Europe to prove those fuels meet a methane intensity limit. The law will now be put…

gorodenkoff David Einhorn’s Greenlight Capital exited Capri Holdings (NYSE:CPRI) and reduced its position in Green Brick Partners (GRBK) in Q3. Greenlight also increased its stake in Kyndryl (KD), Net Power (NPWR), Herc Holdings (HRI) and Southwestern Energy in Q3, according to its most recent 13F filing. Greenlight added a new position in DHT Holdings (NYSE:DHT). The hedge fund also reduced its stakes in Tenet (THC) and Resideo (REZI). “In August, Capri agreed to be sold to Tapestry for $57 per share and we promptly exited the position,” Greenlight wrote in its Q3 letter to investors on Nov. 8. “Beginning with…