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Brazilian exchange shake-up to boost IPOs

September 4, 2013--Brazil is set to change the formula behind its benchmark stock index for the first time in 45 years as part of a series of measures to counter one of the worst market slumps since the onset of the financial crisis.

The recent implosion of the oil and mining empire of Eike Batista, formerly Brazil's richest man, has helped knock about 15 per cent off the Bovespa index this year in spite of the relatively small size of his listed companies.

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Source: FT.com


Rand firms on NUM olive branch

September 4, 2013--The rand firmed slightly against the dollar in early Wednesday trade, after striking gold miners offered an olive branch to set deadlocked wage negotiations with mining companies back on track.

By 07:21 GMT the local currency was at 10.2950 to the dollar, 0.29% firmer than its 10.3250 close in New York on Tuesday.

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Source: AME Info


JSE gains despite looming strike action

September 3, 2013--The JSE was trading higher just after lunchtime, despite a strike which will take place in the gold sector later on Tuesday.

The JSE indices were trading in positive territory though Mines Minister Susan Shabangu showed concern for consequences the strike could have on the economy.

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Source: FIN24


Minister: Gold strike will hurt economy

September 3, 2013--A protracted strike in the gold industry would harm Africa's largest economy and the government is ready to intervene to bring parties together, Mines Minister Susan Shabangu said on Tuesday.

Gold miners were set to strike for higher pay from Tuesday, after talks between unions and companies broke down last week. A wave of strikes sweeping the economy has sent the rand to four year lows and raised worries of slowing growth.

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Source: FIN24


Rand firms, sees highest level in a week

September 2, 2013--The rand extended its rally against the dollar to hit its highest level in more than a week on Monday, helped by upbeat Chinese factory data and a delay in a possible Western military strike against Syria.

The rand was at R10.1900/$ 07:55, 0.9% stronger than its close in New York on Friday.

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Source: FIN24


JSE softer as gold strike looms

August 30, 2013--The JSE, along with gold, has followed a downward trend by lunchtime on Friday to trade softer as strikes loom in the gold sector.

Gold has fallen 1.15% to trade at 1 395.58. Platinum was down 0.85% at R1 514.50.

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Source: FIN24


South Africa's NewPlat becomes largest platinum ETF

South African platinum ETF holdings top 579,000 oz
Investors believe supply woes may lift metal prices August 29, 2013--New Gold Platinum, the physically backed South African platinum exchange-traded fund operated by Absa Capital, has become the largest fund of its type in volume terms just four months after its launch, Absa said on Thursday.

Holdings of the rand-denominated NewPlat ETF, as the fund is known, increased by nearly 12,000 ounces on Thursday to 579,198 ounces, Absa's head of investments Vladimir Nedeljkovic said.

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Source: Reuters


Rand gains vs dollar, inflation data eyed

August 29, 2013--The rand edged higher against the dollar on Thursday as fears of an imminent US-led military strike on Syria eased, but the currency could suffer if local producer inflation data disappoints.

The rand was at R10.290/$ at 08:54, up nearly 0.3% from Wednesday's New York close, extending a recovery from a new four-year low of R10.510 reached on Wednesday

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Source: FIN24


SA stocks dive on drop in gold shares

August 29, 2013--South African stocks fell sharply on Wednesday with gold miners among the worst performers as workers in the sector geared up for a strike over higher pay that could slam production.

A sell-off in other emerging markets ahead of possible Western military action against Syria added to the bearish sentiment.

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Source: FIn24


Resource Dependence and Fiscal Effort in Sub-Saharan Africa

August 28, 2013--Summary: High natural resource prices in recent years have resulted in sizeable increases in fiscal revenue for many resource-exporting countries in sub-Saharan Africa.

However, this revenue source is volatile, and arguably these countries should also rely on other forms of taxation to help fund public expenditure. This paper asks whether the availability of higher resource revenue in these countries has led to lower taxation effort of other revenue categories. The question is analyzed both in terms of the relationship between non-resource tax revenue and resource revenue, and between non-resource tax revenue and statutory tax rates. The paper finds evidence suggesting that nonresource revenue is negatively influenced by a higher resource revenue-to-GDP ratio. The lower take up of nonresource taxes in resource-rich countries is correlated with higher levels of corruption in these countries, suggesting weaker institutions affect nonresource revenue through incentives for tax evasion and/or large tax exemptions as argued in the literature.

the IMF Working paper-Resource Dependence and Fiscal Effort in Sub-Saharan Africa

Source: World Bank


Americas


April 25, 2025 Tradr Launches Leveraged ETFs on APP and QBTS
April 25, 2025 Exchange Traded Concepts to Close and Liquidate The Range Global LNG Ecosystem Index ETF (NYSE: LNGZ)
April 25, 2025 Roundhill Announces Name Change for Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE)
April 25, 2025 Financial Stability Report
April 25, 2025 Tidal ETF Trust files with the SEC-RPAR Risk Parity ETF and UPAR Ultra Risk Parity ETF

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Europe ETF News


April 24, 2025 ESMA assesses the risks posed by the use of leverage in the fund sector
April 23, 2025 Europe and Central Asia: Accelerate Growth through Entrepreneurship, Technology Adoption, and Innovation
April 23, 2025 ETF and ETP listings on 23 April 2025: new on Xetra and Boerse Frankfurt
April 17, 2025 ETF and ETP listings on 17 April 2025: new on Xetra and Borse Frankfurt
April 16, 2025 ETF and ETP listings on 16 April 2025: new on Xetra and Borse Frankfurt

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Asia ETF News


April 24, 2025 Asia Can Boost Economic Resilience Amid Surging Trade Tensions
April 24, 2025 Low-Cost ETFs and Long-Term Capital Funds Drive High-Dividend Strategies in A-Share Market
April 23, 2025 South Asia's Growth Prospects Dimming Amid Global Uncertainty
April 22, 2025 KB Asset Management to Launch KB RISE US Natural Gas Value Chain ETF Tracking the Solactive US Natural Gas Value Chain Index
April 11, 2025 Indxx Licenses India Digital Select 5 NTR Index & India Large-Cap Growth Select 5 NTR Index to KB Securities in Korea

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Global ETP News


April 24, 2025 Deloitte Releases 2025 Financial Services Industry Predictions Report
April 23, 2025 Rising Global Debt Requires Countries to Put their Fiscal House in Order
April 22, 2025 ETFGI reports record Q1 net inflows of US$463.51 billion into the global ETFs industry
April 22, 2025 The Global Economy Enters a New Era
April 22, 2025 IMF World Economic Outlook-A Critical Juncture amid Policy Shifts

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Middle East ETP News


April 23, 2025 Growth in the Middle East and North Africa Forecast to Moderately Accelerate in 2025 Amidst Uncertainty
April 10, 2025 GCC on track to see an uptick in local currency sukuk

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ESG and Of Interest News


April 22, 2025 Charted: Countries Accumulating the Most AI Patents
April 15, 2025 State of the Global Climate 2024
March 31, 2025 OECD urges strengthened co-operation to sustain trillion-dollar ocean economy
March 30, 2025 Africa: Fast Fashion Fuelling Global Waste Crisis, UN Chief Warns
March 26, 2025 'Renewables are renewing economies', UN chief tells top climate forum

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White Papers


April 22, 2025 Langham Hall -Trends in venture capital fund terms report
April 11, 2025 IMF Working Papers-Inflation Targeting and the Legacy of High Inflation
April 11, 2025 Navigating Trade-Offs between Price and Financial Stability in Times of High Inflation
April 11, 2025 IMF Working Papers-The Global Impact of AI: Mind the Gap
March 21, 2025 Could Digital Currencies Lead to the Disappearance of Cash from the Market?

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