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  • Data Sheet—Elon Musk's Humiliating Shortfall at Tesla

    November 2, 2017 1:12 PM 400

    Take my money. Blue Apron went public on June 29 pricing its shares at $10. As of Wednesday’s close, it stands at less than half that: $4.67. So of course it’s a good time for another meal delivery company to go public. Germany-based HelloFresh listed on the Frankfurt Stock Exchange in an IPO raising about $369 million. Exchange set. Cross-border payments

  • Tesla must stop overpromising, could need more finance -analysts

    November 2, 2017 10:59 AM 307

    (Reuters) - Tesla Inc (TSLA.O) was set to open more than 6 percent below the previous close on Thursday after it spooked investors with its biggest quarterly loss yet and a delay in production targets for its Model 3 vehicle by about three months. After a year which has seen shares in Silican Valley star Elon Musk’s venture rise 50 percent on faith in its positioning

  • Gender wage gap in SA widens

    November 2, 2017 10:07 AM 597

    South Africa is ranked 19 in a new global index report on gender inequality released by the World Economic Forum (WEF). The report finds that while South Africa has improved its share of women legislators, senior officials and managers, the gender wage gap in the country has increased. A decade of slow progress towards better parity between the sexes

  • Kenya’s Biggest Retailer to Enter Administration in Revival Plan

    October 31, 2017 7:39 AM 148

    Nakumatt Holdings Ltd., East Africa’s largest retailer, is seeking a court order to enter administration as part of a plan to revive its debt-laden business. The Kenyan company will go to court on Nov. 8 for a hearing on the application, which proposes that “business-turnaround professional” Peter Kahi of PKF Consulting Ltd. be appointed as administrator

  • Carbon dioxide in atmosphere hits highest level in 800,000 years, study says

    October 30, 2017 12:58 PM 160

    The amount of carbon dioxide in the atmosphere reached its highest level in 800,000 years in 2016, the World Meteorological Organization (WMO) said Monday. Carbon dioxide levels "surged" at record breaking speeds last year, with globally averaged concentrations of CO2 hitting 403.3 parts per million in 2016 compared to 400 parts per million in 2015, according

  • The Botswana Diamonds PLC (BOD) Receives Speculative Buy Rating from Northland Securities

    October 28, 2017 12:38 AM 126

    Botswana Diamonds PLC (LON:BOD)‘s stock had its “speculative buy” rating reaffirmed by equities research analysts at Northland Securities in a research report issued on Wednesday. Separately, Dowgate Capital reissued a “buy” rating on shares of Botswana Diamonds PLC in a research report on Thursday, October 20th. Shares of Botswana Diamonds PLC (LON:BOD) opened

  • Brent oil hits 27-month high on Saudi talk of extending supply cuts

    October 26, 2017 7:51 PM 178

    NEW YORK (Reuters) - Brent crude closed at a 27-month high on Thursday as the market focused more on comments from Saudi Arabia about ending a global supply glut instead of an unexpected increase in U.S. crude inventories and high U.S. production and exports. Brent futures LCOc1 gained 86 cents, or 1.5 percent, to settle at $59.30 a barrel, its highest

  • Crown Prince Announces Saudi Mega-City Listing, Discusses Qatar Rift, Yemen War

    October 26, 2017 10:41 AM 147

    "Without a doubt. At the end of the day NEOM will be floated in the markets. The first zone floated in the public markets. It's as if you float the city of New York." "Without a doubt. The first capitalist city in the world... This is the unique thing that will be revolutionary in the city and its growth." "Imagine the board is appointed by the owners

  • Saudis Are Talking to Amazon, Alibaba Over New City, Prince Says

    October 26, 2017 9:16 AM 197

    Crown Prince Mohammed bin Salman said Saudi Arabia is in talks with some of the world’s biggest companies to develop technologies that will power life in the $500 billion city he’s planning to build on the Red Sea. Neom, as the project is known, is due to open for business by 2025, with limited operations expected as early as 2020, Prince Mohammed told Bloomberg

  • Saudi Crown Prince Backs Extending OPEC Cuts Into 2018

    October 26, 2017 8:51 AM 177

    Saudi Arabian Crown Prince Mohammed bin Salman backed the extension of OPEC production cuts beyond March 2018, making it all but certain the cartel and its allies will rollover the curbs at a meeting next month. The prince, who’s become the kingdom’s dominant political force, said in an interview with Bloomberg News that "of course" he wanted to extend