The Fed basically delivered what the markets were expecting. Continue reading
The South African Reserve Bank meets Thursday and is expected to cut rates 25 bp to 5.5%. Political risk remains high, as does downgrade risk and so we remain negative on the rand. Continue reading
We are seeing fundamental demand pick up for Energous Corporation (WATT) after Apple announced their plans for pad-based charging for iPhones and the support of an open wireless charging standard. Last week, the Italian-based luxury goods manufacturer Prada SpA warned investors that its turnaround plan to reshape its business may take longer than expected. Montea SCA, the Belgium real estate property developer, announced a EUR 68 million rights issue.