By Karen Brettell NEW YORK (Reuters) -The dollar dropped broadly on Friday after Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank’s September meeting but stopped short of committing to such a move. The dollar index, which measures the greenback against a basket of currencies including the yen and …
Dollar tumbles as Powell signals possible September rate cut Read More »
By Sfundo Parakozov JOHANNESBURG (Reuters) -The South African rand strengthened on Friday, boosted by a weaker dollar and a rebound in gold prices, after U.S. Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank’s September meeting. The rand was range-bound for much of the week, even after Africa’s most …
South African rand hits nine-month high, as Fed remarks knock dollar Read More »
(Reuters) – U.S. stock indexes extended gains on Friday after Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank’s next policy meeting in his remarks at the Jackson Hole Symposium. Powell hinted at a possible rate cut at the central bank’s September meeting, but stopped short of committing to …
US stocks extend gains after Powell opens door to interest-rate cuts Read More »
By Sfundo Parakozov and Anathi Madubela JOHANNESBURG (Reuters) -South Africa’s government said on Friday it will allow private firms to run trains on its freight rail network, aiming to boost efficiency as state-owned logistics firm Transnet struggles to keep up with demand. Transnet, which runs the country’s freight rail and port services, has faced equipment …
South Africa opens freight rail network to private firms Read More »
(Reuters) -South African mining group Gold Fields raised its interim dividend on Friday as first-half profit more than tripled from a year earlier, driven mainly by record bullion prices and increased production. Gold Fields said it realised an average gold price of $3,281 an ounce in the first half of 2025, up 40% from the …
Gold Fields boosts dividend as profit triples on record bullion prices Read More »
NAIROBI (Reuters) -South Sudan’s President Salva Kiir has fired the country’s finance minister, state-owned radio announced, the seventh replacement to the position since 2020. Kiir gave no reason for firing Marial Dongrin Ater, who had held the post since July 2024. State radio said late on Thursday that Athian Ding Athian would take up the …
South Sudan’s president fires finance minister, seventh since 2020 Read More »
By Chris Prentice and Elizabeth Howcroft NEW YORK/PARIS (Reuters) -Global equities fell on Thursday on investor jitters around the Federal Reserve’s three-day annual Jackson Hole symposium, as gold prices eased under pressure from a stronger U.S. dollar. The symposium started on Thursday, with traders awaiting Fed Chair Jerome Powell’s speech on Friday for hints about …
Global equities retreat, as oil and dollar advance Read More »
(Reuters) -Botswana’s President Duma Boko announced on Thursday an agreement with Qatar’s Al Mansour Holdings, aimed at addressing immediate national challenges, with the Gulf firm committing to $12 billion in investments in various economic sectors. The deal signed in partnership with state-owned Botswana Development Corporation will focus on key sectors including infrastructure, energy, mining, diamond …
Botswana signs $12 billion investment deal with Qatar’s Al Mansour Holdings Read More »
JOHANNESBURG (Reuters) -The South African rand weakened on Thursday, as investors looked to the U.S. Federal Reserve’s annual Jackson Hole symposium for clarity on the economic outlook and policy direction. At 1601 GMT the rand traded at 17.7550 against the dollar, 0.5% weaker than its previous close. “Interestingly, neither the Fed minutes nor the domestic …
South African rand slips as investors focus on Fed symposium Read More »
GABORONE (Reuters) -Botswana’s central bank left its monetary policy rate unchanged at 1.90% on Thursday, its six consecutive meeting without adjustments, citing upside risks to the inflation outlook in a struggling domestic economy. Inflation in the Southern African nation stood at 1.1%, below the central bank’s target range of 3%-6%. The Bank of Botswana revised …
Botswana central bank holds rate for sixth meeting as inflationary risks weigh Read More »
