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Sibanye-Stillwater chief hails Lonmin deal

Neal Froneman highlights ‘lowest payback period’ after £285m purchase




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AngloGold sells world’s deepest gold mine in South Africa exit

Move could pave way for company to shift primary listing to London




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Anglo American ‘encouraged’ by South African move to loosen currency controls

Restrictions have hampered miner’s ability to move money out of the country




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Sasol plans South Africa’s biggest rights issue in decades

Petrochemicals group to launch sale of up to $2bn in shares as part of debt reduction push




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African health officials warn of chronic medical shortages

Central African Republic has just three ventilators for its 5m people




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Takeaway suitor Naspers flaunts $8bn takeover budget

South African ecommerce group insists it remains in acquisition mode




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UAE groups implicated in suspected violation of Libyan arms embargo 

Two Gulf companies shipped jet fuel to renegade general Khalifa Haftar, documents show




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De Beers to cut diamond production by 20 per cent this year

World’s second-largest diamond miner cites disruption along the supply chain




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Dow enters bear market as pandemic declared

Investors fret over the level of economic stimulus Washington is likely to provide




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US stocks fall 10% in worst day since 1987 crash 

Wall Street’s late sell-off came on top of Europe’s worst-ever single day performance




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Tokyo stock price fall reflects virus threat to Olympics, say analysts

Nikkei 225 average drops 16 per cent over the week amid broad pandemic-linked sell-off




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Short bans/market closures: they amplify panic

Trading restrictions did not work in the past; there is less reason for them to work this time




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Philippines shuts financial markets indefinitely

Country becomes first in world to halt all stock, bond and currency trading




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US stocks jump 6% on stimulus hopes

Investors still on edge amid fears over economic impact of widespread shutdowns




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Wall Street has best day in decade as stimulus nears

S&P 500 closes more than 9% higher as investors cheer Fed backstops and political progress




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Wall Street records first back-to-back gains in over a month

S&P 500 gives back some of its earlier rally as US stimulus package attracts objections on Capitol Hill




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US stocks close up 3.4% in positive start to week

S&P 500 records fourth gain in five sessions, despite new leg down for oil prices




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GPIF hunts for overseas bonds to escape Japan’s low yields

Strategy shift comes shortly after $1.4tn fund’s CIO tweeted he was stepping down




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Samsung shares create Korea headache for US investors

Change in Kospi 200 composition prompts US venues to suspend related derivatives




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Japan’s corporate cash-hoarders have moment in sun

Virus’s swift and unforgiving economic effect may silence activists




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Asia stocks higher after latest US coronavirus stimulus

Shares rally this week on hopes that spread of pandemic may be easing




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Hong Kong’s hidebound brokers face coronavirus reckoning

Viral outbreak has sped shift to online platforms, squeezing many traditional outfits




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Blackstone makes new investment in coronavirus-hit casinos

Private equity group acquires 10% stake in Australia’s Crown Resorts




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Coronavirus fears hit UK property market as viewings dry up

Buyers and sellers worry about risk of infection, say agents




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Evictions ban aims to help tenants in rented homes

Emergency move to prevent people being thrown out because of virus




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2.7m properties dragged into higher stamp duty band 

Rising prices and flat tax thresholds since 2015 mean more homes in London and Southeast are in the top band




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Nationwide pulls tracker mortgages after historic base rate cut 

Mortgage products tracking base rate vanish as ‘the numbers no longer stack up’ 




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Fed buys more mortgage bonds as rates rise above 4%

US central bank accelerates purchases to stabilise market for securities backed by home loans




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Non-bank lenders push for access to emergency state funding

Lobby groups led by UK Finance warn there is likelihood of ‘severe’ impact to borrowers




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Lenders sound warning on mortgage holidays

Households urged to consider options such as reduced payments instead of delaying debt




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UK property demand plunges as virus takes hold

60 per cent decline in sales predicted in the next three months




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UK housing market put on hold after plea from banks

Coronavirus lockdown hits lenders’ ability to offer mortgages and evaluate properties




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Banks say Fed rescue threatens mortgage hedging strategies 

Regulatory action sought to prevent intervention from having unintended consequences




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US mortgage lenders face liquidity crunch

Non-bank lenders put on downgrade watch as sector braces for wave of borrowers not paying




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Fannie and Freddie could need bailout if lockdown lasts

Regulator says US mortgage guarantors have sufficient resources for about 12 weeks




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Moral hazard, again

There is a grim irony in the wealthy seeking bailouts due to bad bets on working people




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UK property market moves into cold storage

Experts predict transactions could plunge 50 per cent year-on-year, but what could it mean for house prices? 




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UK tenants pay less than half owed in rent

Many decide to hold on to cash, triggering disputes with landlords in commercial and residential sectors




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What is the outlook for the UK housing market?

Share your experiences of trying to buy or sell a house under current market conditions 




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Home improvers hit by remortgage problems

Dig downs and loft extensions may increase the value of a home, but it’s hard to borrow against this




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I’m buying a property — can I get a discount? 

Homebuyers trying to chip the price of property deals could be disappointed 




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Bank of Mum and Dad enters the bailout business

As young renters feel the pain, parents are having to bridge the financial gaps




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US businesses face uncertainty over paying staff for temperature checks

The time it takes for employees to be assessed is putting companies in delicate legal territory




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Hot springs and baseball stadiums core to Japan’s national security

Activists wary after finance ministry names ‘core’ stocks covered by law on foreign investment




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Unions and parent groups urge against early return to school

Calls for safety assurances despite concern over educational impact




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Government eyes flexible furlough extension to get UK back to work

Sharma signals tapering of scheme as Johnson prepares to announce road map out of lockdown




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Coronavirus: Pence aide tests positive for Covid-19 — as it happened




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Initial finding backs US health official over virus sidelining

Rick Bright’s lawyers say federal investigators recommend he be reinstated during probe




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Neighbourhood walks: Aoyama, Tokyo

This is the first in a new FT Globetrotter series, in which correspondents and writers explore their local area up close. In Japan’s capital, despite the deserted shopping streets, nature is in full bloom




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Slowly easing the lockdown and the rising costs

Boris Johnson will set his exit strategy on Sunday, but changes will be limited