Premier Foods has begun a Section 189 process as its R1 billion Tulbagh cannery faces closure, citing US tariffs, weak export demand and rising operating costs.
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Asian markets retreat on US rate concerns, oil rallies after attack
Most equities fell Wednesday on lingering worries about the outlook for US interest rates, while oil prices extended their rally after an attack on a ship in the Red Sea stoked fresh worries about supplies from the Middle East. Oil prices rose again on geopolitical concerns after a bulk carrier was attacked in the Red Sea, a key waterway for shipping and particularly crude.
'Two Mexicos' prepare to vote amid economic divide
One runs an aerospace parts maker, the other works in a restaurant near a major new oil refinery -- both women will vote in Mexican elections this weekend, but they could be from different countries. When the refinery was under construction, the restaurant where she works benefited from the arrival of hundreds of construction workers.
IMF lifts China's 2024 growth forecast to 5%
The International Monetary Fund on Wednesday raised its 2024 growth forecast for China to five percent, citing recent policy moves by Beijing to boost its struggling economy. The IMF on Wednesday welcomed official steps in recent weeks to boost the housing market.
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Made in Mzansi Celebrates South African Heritage, Local Manufacturing and Everyday Health
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