BBB Ep 28 - Wall St rebounds from 'Pelosi panic'; Naspers share price floor; More Bain pain via Hain; SoftBank cutting AliBaba stake; Oil falls after ..

Another good session for the BizNews share portfolio favourites as Wall Street rebounded after Tuesday's concerns over House Speaker Nancy Pelosi's visit to Taiwan. The JSE also had a winning session with a rise in financials offsetting the drop by gold shares. Insight, too, from Naspers which rose 4% after its management re-started its share buyback programme after the price hit R2 325 - the level which traders may now consider a floor. At the other end, the share price of Chinese internet giant AliBaba, down by half in a year, could be in for more pain after major shareholder Softbank announced it will be significantly cutting its stake. Good news. though, on the oil front after yesterday's Opec+ meeting. Also in today's BizNews Breakfast Briefing, an excerpt from Mike Appel's interview with Lord Peter Hain, whose actions led to the UK government banning Bain & Co for three years. Learn more about your ad choices. Visit megaphone.fm/adchoices