Joe Bavier

Johannesburg

Africa Business Correspondent at Reuters

@Reuters Africa Business Correspondent based in Joburg. Views here are mine alone. Get in touch! [email protected]

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Articles

Spain's Abanca denies report of merger talks with Sabadell

3 days ago | today.westlaw.com | Inti Landauro |Joe Bavier |Jesús Aguado |Barbara Lewis

MADRID (Reuters) - Spanish lender Abanca is not interested in a merger with Sabadell, it said on Monday, dismissing a report in newspaper Expansion it was considering such a deal in response to a hostile takeover bid from BBVA.
India's April Diesel Exports Likely Hit Lowest Level in over Decade, Sources

1 week ago | gurutrade.com | Trixie Yap |Mohi Narayan |Florence Tan |Joe Bavier

SINGAPORE, May 6 (Reuters) - India's diesel exports likely hit their lowest level in over a decade in April as major exporter Reliance cut refining output for maintenance at a time when domestic demand was robust, trade sources and analysts said. India, one of Asia's top-three diesel exporters, exported around 1.15 million metric tons (9.69 million barrels) of the industrial and transportation fuel in April, an average of data from LSEG, Kpler, Vortexa and two trade sources showed.
AstraZeneca says potential US tariffs manageable, faces another China fine

2 weeks ago | today.westlaw.com | Maggie Fick |Sonia Cheema |Pushkala Aripaka |Joe Bavier

(Reuters) - AstraZeneca expects only limited impact from potential U.S. tariffs on pharmaceutical imports, the drugmaker said on Tuesday, asserting it would maintain its 2025 forecasts if the levies end up being in line with other sectors.
GM recalling 721,000 vehicles over engine issue

2 weeks ago | today.westlaw.com | Mark Porter |David Shepardson |Andrew Heavens |Joe Bavier

WASHINGTON (Reuters) -GM is recalling 721,000 SUVs and trucks worldwide due to engine issues that could lead to a loss of power and boost the risk of a crash, the company announced on Tuesday. The Detroit automaker is recalling 2021 through 2024...
Swiss National Bank chairman rebuffs bitcoin as reserve asset

2 weeks ago | today.westlaw.com | John Revill |Joe Bavier

BERN (Reuters) -The head of the Swiss National Bank said on Friday that cryptocurrencies failed to meet the institution's currency reserve standards, rebuffing calls by crypto advocates that it hold bitcoin as a hedge against growing global economic...
Dollar Back Under Pressure, Safe Havens Outperform

4 weeks ago | gurutrade.com | Tom Westbrook |Shri Navaratnam |Jacqueline Wong |Joe Bavier

Yen climbs into U.S.-Japan trade talks Swiss franc continues to post gains on dollar Bank of Canada meeting eyed, 40% chance of a rate cut SINGAPORE/LONDON, April 16 (Reuters) - The dollar resumed its descent on Wednesday, dropping across the board and losing the most ground to the Swiss franc and the euro as a new bout of tariff-induced nerves gripped markets.
KKR acquires German IT firm Datagroup for around $500 million

1 month ago | today.westlaw.com | Emma-Victoria Farr |Janaki Venugopalan |Mohammed Shamsi |Joe Bavier

FRANKFURT (Reuters) -U.S.-based private equity firm KKR has reached a deal with Frankfurt-listed Datagroup to buy the firm in an all-cash transaction that values it at about 450 million euros ($508 million), the IT services provider said on Tuesday....
BASF sues Berkshire's Duracell for allegedly stealing battery secrets

1 month ago | today.westlaw.com | Jonathan Stempel |Joe Bavier

(Reuters) - Duracell, the battery maker owned by Warren Buffett's Berkshire Hathaway, has been sued by BASF for allegedly stealing trade secrets related to the German chemical company's lithium ion battery technology, court documents showed.
EU markets watchdog warns of crypto-related financial stability risks

1 month ago | today.westlaw.com | Tommy Wilkes |Joe Bavier

PARIS (Reuters) - The European Union's securities watchdog warned on Tuesday that problems in the cryptocurrency industry could pose risks to broader financial stability in future, as the sector grows and as ties between it and traditional financial...
South African Rand Hits Lowest in over a Year, Stocks Slide

1 month ago | gurutrade.com | Sfundo Parakozov |Alexander Winning |Joe Bavier

JOHANNESBURG, April 7 (Reuters) - The South African rand slumped to its weakest in well over a year on Monday and local stocks extended their recent slide as global recession fears mounted over U.S. President Donald Trump's sweeping tariffs. At 0815 GMT, the rand traded at 19.4025 against the dollar , down 1.5% on Friday's closing level after earlier touching its weakest since October 2023.