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RAND: South Africa's rand steadies as markets await Fed verdict

  • Date: 31-07-19
  • Category: RAND
  • Source: Reuters

JOHANNESBURG, July 31 (Reuters) - South Africa’s rand steadied against the dollar in late trade on Wednesday, as investors awaited a likely cut in interest rates by the U.S. Federal Reserve, shifting the spotlight away from domestic economic troubles.

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ELECTRIC VEHICLES: Hyundai Kona Electric explodes in Montreal garage

The explosion of a 2019 Hyundai Kona Electric in a Montreal, Canada, garage Saturday literally blew the doors off.

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AUTO PRODUCTION: UK car production down 20% in first half

Data released by the SMMT shows that car output fell 20% during the first half of the year as the UK automotive trade body also warned that the industry is incurring substantial Brexit mitigation costs ahead of the UK's planned departure from the EU trade bloc on October 31st.

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PGM PRODUCERS: NORILSK NICKEL GROUP ANNOUNCES PRELIMINARY CONSOLIDATED PRODUCTION RESULTS FOR 1st HALF 2019

PJSC MMC Norilsk Nickel, the largest palladium and refined nickel producer in the world, announces today preliminary consolidated production results for the second quarter and the first half of 2019.

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PGM PRODUCERS: Sylvania Platinum Hits Record Production For Recent Year

(Alliance News) - Sylvania Platinum Ltd on Wednesday announced both a record last quarter and record year in terms of production.

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DIESEL: There’s a $5,600 Electric Makeover for Your Old Diesel Car

  • Date: 31-07-19
  • Category: DIESEL
  • Source: Bloomberg

About 5,000 euros ($5,600) are set to buy your 10-year-old combustion clunker an electric makeover—and offer a cut-price way to avoid driving bans across European cities.

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AUTO PRODUCTION: BMW will cancel several models to cut expenses, says report

As BMW cancels niche models and prepares to release new ones, it's in the middle of a transformative restructuring process that will allegedly force many enthusiast-approved nameplates out of its line-up. An unverified report claims the firm will pluck slow-selling models from its range to significantly trim its operating expenses during the 2020s.

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ESKOM: Eskom Record Loss Not as Huge as Forecast, Spurring Bond Rally

  • Date: 30-07-19
  • Category: ESKOM
  • Source: Bloomberg

Eskom Holdings SOC Ltd., South Africa’s debt-ridden power utility, reported a record annual loss of 20.7 billion rand ($1.46 billion), but its dollar bonds rallied on optimism that it is starting to stem the bleeding.

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