Reuters Africa Business

(Corrects July 16 factbox to show last communique was October 2024 not July 2024, in final paragraph) By Kopano Gumbi and Colleen Goko JOHANNESBURG (Reuters) -Group of 20 finance officials meet in South Africa from Thursday amid trade tensions, a global economic slowdown and Washington’s threat to withdraw from multilateral organisations. President Cyril Ramaphosa has …

Issues on the agenda at the G20 finance meeting in South Africa Read More »

By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -Equities advanced on Thursday with the S&P 500 and the Nasdaq registering record closing highs and the dollar rose as investors were encouraged by the latest crop of economic data and earnings reports while oil futures rose on supply risks in the Middle East.   Data on jobless …

Equities and dollar rise with encouragement from economic data and earnings Read More »

ACCRA (Reuters) -Ghana’s central bank held an emergency meeting on Thursday to review economic data and market developments, but did not discuss its key policy rate, Governor Johnson Asiama said, adding the main meeting is in 10 days. In a statement released late on Wednesday, the Bank of Ghana said it would announce its policy …

Ghana’s central bank will discuss key rate in 10 days, governor says Read More »

By Erwin Seba HOUSTON (Reuters) -Oil prices rose $1 on Thursday after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in the volatile region. Brent crude futures settled at $69.52 a barrel, up $1.00, or 1.46%. U.S. West Texas Intermediate crude futures finished at $67.54 a barrel, up $1.16, …

Oil jumps $1 after further drone attacks on Iraq oil fields Read More »

JOHANNESBURG (Reuters) -The South African rand weakened against a stronger dollar on Thursday, with investors focused on the G20 meeting of finance chiefs in the country’s coastal city of Durban. At 1436 GMT, the rand traded at 17.86 against the dollar, about 0.3% weaker than Wednesday’s close. The dollar last traded about 0.3% firmer against …

South African rand weaker with focus on G20 finance meeting Read More »

(Corrects to fix day of the week to Wednesday in first paragraph, not Tuesday) By Olivia Kumwenda-Mtambo and Colleen Goko DURBAN (Reuters) – South African Reserve Bank Governor Lesetja Kganyago said on Wednesday that an “African agenda” including climate change and cross-border payment systems was still due to be discussed by G20 finance chiefs amid …

South Africa’s Kganyago asserts Africa’s G20 agenda despite tariffs and Bessent absence Read More »

JOHANNESBURG (Reuters) -The South African rand was steady for most of Wednesday’s trading session, even after retail sales data that came in weaker than expected by economists polled by Reuters. At 1505 GMT, the rand traded at 17.8650 against the dollar, about 0.3% stronger than Wednesday’s close. South African retail sales rose 4.2% year-on-year in …

South African rand steady after retail sales data Read More »