Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocking confidence in the nascent asset class.
Author: Agency Staff
Apple shares dropped close to bear market territory on Monday on concern consumers are no longer clamouring for its cornerstone product, the iPhone.
The slide in cryptocurrencies accelerated on Monday, with bitcoin piercing below the $5 000 mark for the first time since October 2017.
Is the rout ripping through technology stocks just another garden variety correction? In the long sweep of history, yes. But compared only to selloffs since the bull market began, it’s starting to get extreme.
Virgin Mobile Middle East & Africa is exploring options including selling all or part of itself, people with knowledge of the matter said.
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Eskom is proposing executive job cuts and a reorganisation of management units in an effort to improve the utility’s financial position.
A forensic report into Eskom and Transnet found some executives and board members failed to act in the companies’ best interests and recommended criminal investigations against them.
State-owned power utility Eskom may be forced to implement controlled blackouts before the end of the year because of pressure on the national system, CEO Phakamani Hadebe said on Friday.
Bitcoin continued its slump after losing 12% on Wednesday and triggering the biggest cryptocurrency sell-off since February.