soars

Cooperative Governance and Traditional Affairs Minister Nkosazana Dlamini-Zuma. South African municipalities are owed more than R120 billion.Municipalities owe more than R53 billion to creditors of which about R11.3 billion is owed to Eskom and R6.24 billion owed to water boards.Cooperative Governance and Traditional Affairs Minister Nkosazana Dlamini-Zuma revealed these figures in the National Council of…

Stocks in Asia Pacific were higher in Monday morning trade, with stocks in mainland China leading gains regionally.The Shanghai composite soared 3.97% in morning trade while the Shenzhen component rose 2.949%. The Shenzhen composite also jumped 2.781% Amber Hill Capital's Jackson Wong told CNBC in an email that "bull sentiment" in mainland Chinese shares was "driving the markets."Wong,…

Moderna's stock was surging Friday after the biotech company announced it has received as much as $483 million in federal funding to accelerate development of a coronavirus vaccine.Shares of the Cambridge, Massachusetts-based firm opened more than 12% higher to around $46. During Thursday's session, the stock hit an intraday all-time high of $41.55.Moderna CEO Stephane Bancel…