Colorado band The Fray to celebrate How To Save A Life 20th anniversary tour with first Aus shows since 2012
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Zawya
21 minutes ago
- Zawya
Dollar wobbles near multi-year lows as investors brace for Trump tariff deadline
The dollar firmed against other major currencies on Monday, after remarks from U.S. officials offered little clarity on the outlook for tariffs, days ahead of a crucial deadline. Most U.S. trade partners face the prospect of steeper duties at the end of the 90-day moratorium on U.S. President Donald Trump's "Liberation Day" reciprocal tariffs on Wednesday. Trump clarified on Sunday that the new rates would take effect from August 1. He said he will name some dozen countries later on Monday that are receiving letters with their new, higher levies, and he threatened an additional 10% tariff on nations aligning with the "anti-American" policies of the BRICS emerging economies. "It still feels like this administration is trying to find ways to avoid going all out on fresh tariff positions. We have people talking a (lot) about it, but talking and doing are two entirely different things," said Chris Beauchamp, chief market analyst at IG. "They (the United States) saw what happened with the volatility in April, and I don't think they want to wish that again." Options data reflected that currency markets were pricing in a limited resurgence in volatility ahead of the tariff deadline on expectations that there could be further extensions on the deadline. The dollar inched up 0.2% to 0.7972 Swiss franc on Monday, near the January 2015 low it revisited in the previous week. The euro slipped 0.5% to $1.1726 having rallied over 13% so far this year. The dollar reversed an earlier decline and rose 0.54% to touch a one-week high at 145.38 yen . Investors are concerned that Tokyo and Brussels might not be able to secure deals with Washington ahead of the deadline as progress on agreements with Japan and the European Union has been slow, despite multiple rounds of negotiations. The dollar index, which measures the currency against six major counterparts, rose 0.41% to 97.363 and briefly hit a one-week high. The index extended gains from last week when data reflecting labour market resilience pushed back expectations for imminent monetary policy easing by the Federal Reserve. Still, the index is close to a 3-1/2-year trough and has declined 10% so far this year as investors questioned the safe-haven status of the U.S. currency and reassessed earlier expectations that the U.S. could be spared in the event of a global economic slowdown. On Monday, sterling weakened 0.26% to $1.36, but stayed near its strongest level since October 2021. The U.S. dollar also gained about 0.4% against the Canadian dollar . Currencies positively correlated to risk appetite, such as the Aussie dollar and the New Zealand dollar lost 0.7% and 1%, respectively ahead of monetary policy decisions in both countries in the coming two days. The Reserve Bank of Australia is widely expected to cut the cash rate by another quarter point on Tuesday, while New Zealand's central bank is predicted to hold rates steady on Wednesday. U.S. policy uncertainty weighing on the dollar "may not be as potent as in early April, but we think this correlation still matters," Paul Mackel, global head of FX research at HSBC said. (Reporting by Kevin Buckland and Johann M Cherian; Editing by Christian Schmollinger, Rachna Uppal, Gareth Jones and Barbara Lewis)
Zawya
21 minutes ago
- Zawya
Egypt: Bonyan opens EGX's 1st full IPO of 2025 on July 6th
Arab Finance: Bonyan for Investment and Development begins trading on the Egyptian Exchange (EGX) Sunday, July 6th, in what is currently the market's first full initial public offering (IPO) of the year. The company is seeking to raise EGP 1.8 billion by offering 20% to 21.9% of its shares, about 362.903 million shares, according to its IPO prospectus. The listing includes retail and institutional tranches, with an indicative price range between EGP 4.96 and 5.44 per share. Independent financial advisor Baker Tilly valued the stock at a fair value of EGP 7.52 per share. Under the private placement, institutional investors and individuals with financial solvency are allocated 95% of the offered shares, representing 344.758 million shares or 20.8% of the company's shares. This tranche is open until July 10th, with a minimum subscription of EGP 10 million and a 30-day, 15% price stability mechanism. AS for the public offering, natural and legal persons can subscribe to the remaining 5% of the offering or 18.145 million shares, around 1.1% of the company's share, until July 15th. Subscriptions range from a minimum of 100 shares to a maximum of 200,000 shares, with a 30-day, 100% price stability mechanism. The final share price will be announced on July 11th. The company will proceed with a EGP 250 million capital increase through a closed subscription of 50.4 million shares by its sole shareholder, Sky Realty Holding. Bonyan had initially aimed to raise EGP 3 billion through the IPO, targeting a 33% stake, including EGP 2.5 billion from a secondary offering and EGP 500 million from newly issued shares. CI Capital and Arqaam Capital are coordinating and bookrunning the offering, with Mubasher as the offering agent. Legal counsel is being provided by Matouk Bassiouny & Hennawy. PwC is acting as auditor. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
21 minutes ago
- Zawya
Culture Summit Africa 2025 to spotlight the people behind Africa's culture-led companies
Culture Summit Africa 2025 will bring together over 100 leaders in HR, transformation, people strategy and leadership for a bold two-day event focused on how organisational culture drives performance across African workplaces. Hosted by Happy Sandpit ( Culture Summit Africa 2025 takes place on 10 & 11 September, at The Tryst in Johannesburg and will feature short, high-impact sessions led by people who are driving culture from inside their organisations. What makes it different? There are no outside consultants or professional speakers; only internal leaders sharing real stories, hard lessons, and practical strategies. Culture Summit Africa 2025 tackles culture in action: building trust, aligning values, embedding inclusion, and creating accountable teams. View our Prospectus here: Confirmed presenters include: Dr. Pepe Marais, Co-Founder, Joe Public Nolo Thobejane, Chief People & Transformation Officer, KFC Africa Fatima Sullivan, Regional Director: Southern & East Africa, DHL Express Paul Clegg, Vice President Human Resources – Sub Sahara Africa, DHL Express Nick van Woerkom, Managing Director, Haute Cabrière Shyless Nkuna-Shai, Executive: Human Capital, Eskom Pension Fund Tomislav Ravić, General Manager, Entelect Stiaan Pienaar, Head of People, Ocean Basket John Skelton, Chief People Officer, The Capital Hotels, Apartments & Resorts Toni de la Harpe, Head of Employee Experience, Engagement, and Learning & Development, Nando's South Africa Alicia Strydom, Senior Employee Experience Specialist, Nando's South Africa Renchia Strauss, Consulting Specialist Organisational Development: Culture and Change, South African Airways Lorelle Viljoen, Head of Culture and Leadership, Capricorn Group (Namibia) Adarsh Agarwal, Head of Talent and Culture, Constance (Mauritius) Bridgette Ngobese, Manager Capability Development and Training, Richards Bay Minerals Karin De Wet, Head of Human Capital & Change Management, Red Rocket Tove Sithole, Head of Brand and Talent, iTOO Special Risks Marno Boshoff, Culture Evangelist, King Price Insurance Abdul K. Makubuya, Senior Manager, Organisational Development, National Social Security Fund (Uganda) Alex Abala, Senior Manager, Reward and Benefits, National Social Security Fund (Uganda) Tamara Wentforth, Chief Executive Officer, Too Many Robots Keegan da Costa, Human Being, Too Many Robots Lewyn Maefala, Program Manager, Bush Babies Environmental Education Program Naledi Malungane, Sergeant, Black Mambas All-Women Anti-Poaching Unit And more to be announced What Attendees Will Learn: How to create the kinds of companies you'd like your kids to work at How to embed psychological safety and personal accountability How to translate values into results-driven behaviours How to align hybrid, multigenerational teams How to measure and report on culture in ways CEOs will support How to make inclusion practical, not performative All delegates will receive a printed workbook and take part in exercises and provocative discussions aimed at deepening a collective understanding of organisational culture. Why It Matters Culture is now a boardroom issue. Across the continent, organisations are rethinking how they lead, engage, and connect. Culture Summit Africa 2025 gives a platform to those leading that change from the inside. 'We're not chasing applause,' says Colin Browne, founder of Happy Sandpit. 'We're creating a space where the people doing the real work of culture can share honestly, and others can build from it.'
