South Africa's Standard Bank said on Thursday it was engaging with the Competition Commission about an investigation into alleged rigging of rand currency trading and had not suspended any employees to date.
The country - ravaged by conflict between government troops and pro-Russian separatists posted a fall in gross domestic product (GDP) of 15.2 percent year-on-year in the fourth quarter of 2014, according to the State Statistics Service of Ukraine on Tuesday morning.
Markets are also awaiting US nonfarm jobs data later this week for clues on the strength of the world's biggest economy and on how quickly the Fed might act to taper its bond buying.
CNBC-TV18's Gopika Gopakumar reports that Winsome Diamonds could be the next big non-performing asset (NPA) on the books of 15 banks. After rating agencies downgraded the Rs 4,000-crore Winsome Diamonds, lenders say payments could be delayed, but they are confident of recovering dues from the company.
This new alternate channel for the bank will offer value-added financial services to consumers, in Africa.
In an exclusive interview to CNBC-TV18, head of commodities research at Standard Bank, Walter de Wet says that his top picks in the commodity space are copper, palladium and gold.
Walter de Wet, head of commodities research, Standard Chartered Bank, said that demand for valued metals like gold and silver is still high compared to industrial metals like copper, aluminum and zinc. He feels that gold will trade above USD 2000 per ounce, while silver would trade around USD 45before the end of the year.