By Arunima Kumar (Reuters) -Oil prices edged higher on Wednesday as the dollar weakened, with traders closely watching U.S. inventories, President Donald Trump’s proposed tariffs and the potential impact of the national energy emergency he declared on his first day in office. Brent crude futures rose 43 cents, or 0.54%, to $79.72 per barrel at …
Oil prices climb as dollar weakens, investors watch Trump policies Read More »
JOHANNESBURG (Reuters) – South African retail sales rose 7.7% year on year in November after rising by a revised 6.2% in October, Statistics South Africa figures showed on Wednesday. Sales rose 0.8% month on month in November. (Reporting by Tannur Anders; Editing by Alexander Winning)
By Sfundo Parakozov and Tannur Anders JOHANNESBURG (Reuters) -South Africa’s inflation rate rose for the second month in a row in December but by less than expected, with analysts saying the central bank was still likely to deliver another interest rate cut next week. Headline consumer inflation ticked up to 3.0% year on year in …
South Africa inflation ticks up but rate cut still seen next week Read More »
LUSAKA (Reuters) -Zambia’s copper output rose 12% in 2024, buoyed by a recovery in production at key mines as the government counts on the sector to drive economic growth. Output reached roughly 820,670 metric tons, up from 732,580 tons the year before, Mines Minister Paul Kabuswe said on Wednesday. Barrick Gold’s Lumwana mine ramped up …
Zambia copper output up 12% last year as key mines recover Read More »
KAMPALA (Reuters) – The Ugandan shilling weakened against the U.S. dollar on Wednesday, on the back of foreign exchange demand by fuel importers and the manufacturing sector, traders said. At 0942 GMT commercial banks quoted the shilling at 3,675/3,685, compared to Tuesday’s close of 3,668/3,678. (Reporting by Elias Biryabarema; Editing by Hereward Holland)
NAIROBI (Reuters) – Kenya’s shilling was marginally stronger against the U.S. dollar on Wednesday, data from the London Stock Exchange Group showed. At 0912 GMT, the shilling traded at 129.00/129.50 per dollar, compared to 129.10/129.60 at the close of trading on Tuesday. (Reporting by Hereward Holland; Editing by Alexander Winning)
By Samuel Indyk and Stella Qiu LONDON (Reuters) – Global stocks rose on Wednesday as a flurry of new policies from U.S. President Donald Trump and robust corporate earnings bolstered investor optimism, while tariff uncertainty kept the dollar near a two-week low. Netflix shares surged almost 15% in pre-market trading as the streaming giant added …
Global shares rise on tech boost, earnings; tariff uncertainty pins dollar Read More »
By Kevin Buckland and Greta Rosen Fondahn TOKYO/GDANSK (Reuters) – The dollar struggled to regain ground against major currencies on Wednesday, hovering close to two-week lows as a lack of clarity on President Donald Trump’s plans for tariffs kept financial markets guessing. Trump said late on Tuesday that his administration was discussing imposing a 10% …
Dollar near 2-week low as traders ponder Trump tariff plans Read More »
JOHANNESBURG (Reuters) – South African fashion and homewares retailer Mr Price on Wednesday reported a 10.6% growth in Christmas-quarter sales, citing improved consumer spending. The discount retailer, which also owns high-end homeware chain Yuppiechef and branded sneaker stores Studio 88, said its comparable store sales in the third quarter ended Dec. 28 grew by 6.3%. …
South African retailer Mr Price reports higher Christmas-quarter sales Read More »
JOHANNESBURG (Reuters) – South Africa’s rand was little changed early on Wednesday, ahead of domestic inflation and retail sales data. At 0606 GMT, the rand traded at 18.5175 against the U.S. dollar, near its previous close of 18.5125. The monthly consumer price index data due at 0800 GMT and retail sales data two hours later …
South African rand stable ahead of inflation, retail sales data Read More »
