Reuters Africa Business

By Chibuike Oguh and Elizabeth Howcroft NEW YORK/PARIS (Reuters) -Global shares reached a record high on Friday, helped by market optimism over signs of progress in U.S.-China trade talks, while the dollar held close to its lowest levels in more than three years. The benchmark S&P 500 index and Nasdaq hit all-time highs, lifted partly …

Shares rally on China-US trade optimism, dollar trades at multiyear lows Read More »

JOHANNESBURG (Reuters) -The South African rand was slightly up on Friday after sharp falls a day earlier, shrugging off a dispute between President Cyril Ramaphosa and his main coalition partner. The currency was 0.4% higher against the dollar at 17.8075 at 1424 GMT, a day after Ramaphosa, of the African National Congress (ANC), fired the …

South Africa’s rand gains despite coalition tension Read More »

By Chibuike Oguh and Marc Jones NEW YORK/LONDON (Reuters) -Global shares hit their third record high in three days on Thursday while the U.S. dollar sank to its lowest level in more than three years amid growing market concerns about the Federal Reserve’s independence. The U.S. dollar index was down nearly 0.43% on the session …

Stocks hit fresh record, dollar weakens to lowest in three years amid Fed worries Read More »

By Nicole Jao NEW YORK (Reuters) -Oil prices edged higher on Thursday as crude inventories in the United States fell on higher demand as summer driving season ramped up, while concerns over Middle East supply risks eased, offsetting some gains. Brent crude futures settled 5 cents, or 0.07%, higher to $67.73 a barrel. U.S. West Texas …

Oil inches up on US demand strength; fading Mideast supply risks offset gains Read More »

By Karen Brettell NEW YORK (Reuters) -The dollar hit a three-and-a-half-year low against the euro and sterling on Thursday in a broad selloff as traders priced in the likelihood that the Federal Reserve will cut rates more than previously expected. “This week it’s definitely been about the Fed, the prospect of easing sooner and potentially …

Dollar drops to lowest since 2021 against euro, sterling Read More »

DAKAR (Reuters) -Senegal has revised its 2025 budget deficit upward to 7.82% of gross domestic product from an initial forecast of 7.08%, according to the draft revised finance bill seen by Reuters on Thursday. The increase is attributed to a drop in projected revenues and a downward revision of nominal GDP, the draft bill said. …

Senegal’s revised budget sees slightly wider fiscal deficit Read More »

JOHANNESBURG (Reuters) -The South African rand was flat in choppy Thursday trading as investors reacted to key U.S. economic indicators and the removal of a South African deputy trade minister. At 1432 GMT, the rand traded at 17.7325 against the dollar, roughly in line with Wednesday’s close. The rand had gained almost 1% over the …

South African rand volatile as investors react to US data, domestic politics Read More »