America's biggest money mistakes are... Getting married and having children are life’s greatest joys, but they are also considered big money mistakes, according to a report by Finder.com.
| By: Jessica Dickler
Spotlight on expenditure as South African budget comes under strain JOHANNESBURG, Nov 27- Crafting South Africa's budget has become a headache for Finance Minister Nhlanhla Nene: labor union allies accuse him of being tight-fisted, while opponents say he's pouring too much money into areas like the civil service that don't help grow the economy. Africa's most industrialized economy has struggled to balance its finances...
| By: Stella Mapenzauswa
UPDATE 1-Chinese nickel producers agree to slash output SHANGHAI/ HONG KONG, Nov 27- China's nickel producers said on Friday they plan to slash output of refined metal and nickel pig iron, the first major coordinated move in the industry globally to lift prices out of their worst slump in more than a decade. The announcement followed a meeting by producers on Friday afternoon in Shanghai to discuss coordinated output...
| By: Ruby Lian and Polly Yam
METALS-Nickel down despite output cuts statement by Chinese producers Mainly used to make stainless steel, nickel has been weighed down by heavy oversupply and concern about demand in top consumer China that has also pressured other metals. "I think the market is waiting for those production cuts to be realized before pricing anything in," said Eugen Weinberg, head of commodity research at Commerzbank in Frankfurt.
| By: Eric Onstad
China's Black Friday sees it revisit August lows Chinese stocks posted their worst weekly performance since August on Friday, with major indices tumbling in excess of 5 percent after regulators launched an investigation into security brokerage firms in the country.
| By: Jenny Cosgrave
Hong Kong shares fall on mainland market slump; CITIC Sec tumbles Nov 27- Hong Kong stocks slid on Friday, with the headline Hang Seng index posting its worst weekly performance in two months as a tumble in mainland stocks triggered anxiety across the region. The Hong Kong- listed shares of CITIC Securities tumbled 4.9 percent, after the Chinese brokerage said it was under investigation by China's stock regulators.
WRAPUP 1-China stocks tumble most since summer slump as regulator widens brokerage probe *Regulator probing Haitong Securities- sources tell Reuters. The sharp drop in afternoon trade highlights the volatility of China's markets ahead of an expected decision by the International Monetary Fund on Monday on whether to include the yuan currency in its inclusion in its global reserve basket. China Haitong Securities is under investigation by the...
| By: David Lin and Kazunori Takada
China stocks skid sharply on regulatory crackdown, weak profits SHANGHAI, Nov 27- China stocks tumbled more than 5 percent on Friday in their biggest one-day loss in three months as a fresh regulatory crackdown and deteriorating profits triggered profit-taking after a recent rebound. Mainland investors were taken aback by news that China's securities regulator had urged brokerages to cease financing clients' stocks...
How tech will transform India's banks Chanda Kochhar, CEO of ICICI Bank, talks about how technology such as mobile payments and internet banking is disrupting India's banking system.