Business
Fitch keeps South Africa's credit rating at junk
But it is not completely not out of the woods yet, with Fitch's peers S&P Global and Moody's due to give their own reviews later on Friday. In a statement on Friday released just after 11pm, S&P said the downgrade "reflects our opinion of further deterioration of South Africa's economic outlook and its public finances".
Business
Meg Whitman steps down as HP Enterprise CEO
Whitman said that at the time, HP was an "enormous conglomerate" that confused customers because it was selling too many disparate products: servers, printers, computers, software, and others. Whitman said she has no intentions of joining politics. In one tweet she wrote: "We have a lot of work still to do at HPE and I am not going anywhere".
Business
United Kingdom workers facing no growth in earnings for the next 20 years
By 2021 there will be a loss of £65bn to the economy, the IFS predicted, basing its analysis on the Office of Budget Responsibility figures , which accompanied the Budget announcement on Wednesday. NHS England chairman Sir Malcolm Grant said while the money would go "some way" towards filling the funding gap, the health service could "no longer avoid the hard debate" on what it could provide on the funds it has.
Business
Mitsubishi Materials shares drop after units falsify product data
The Nikkei business daily reported a third subsidiary, Mitsubishi Aluminum Co Ltd, also had shipped products out of specification. "Making an announcement without pinning down the problem would have caused further disruption and trouble", said Mitsubishi Cable president Hiroaki Murata.
Business
Dollar sinks on Fed inflation fears, weak data and technicals
Federal Reserve officials generally believe that it'll soon be time for another increase in the Fed's key interest rate . A weaker dollar makes gold less expensive for holders of foreign currency, while a rise in US rates lifts the opportunity cost of holding non-yielding assets such as bullion.
Business
Dish and CBS reach deal after Thanksgiving NFL blackout
Dish Network announced Thursday it has reached a multi-year agreement with CBS to resume carrying the network's owned and operated local stations, including KCBS-TV Channel 2, along with three cable networks, ending a three-day blackout.