South Africa Stocks at Fresh Record as Miners Ride Stimulus Bets

Bloomberg | Jan 8, 2021 at 9:04 AM

South Africa’s main stock index rose for a fifth day and headed for a third consecutive record close, as mining stocks benefited from hopes for U.S. economic stimulus. Local market giant Naspers Ltd. added impetus to the rally, rebounding from Thursday’s losses as global technology shares rose.

Credit Suisse to Post Fourth-Quarter Loss

Bloomberg | Jan 8, 2021 at 7:14 AM

Credit Suisse Group AG said it expects to post a fourth-quarter loss after setting aside $850 million for legal cases in the U.S. that date back to the financial crisis more than a decade ago.