Reuters Africa Business

By Chibuike Oguh NEW YORK (Reuters) -An index of global shares hit a record high on Tuesday with oil prices plummeting further as market sentiment was lifted by the easing of Middle East tensions, after a shaky ceasefire between Israel and Iran began to take hold. U.S. President Donald Trump had announced on Monday that Israel …

Shares hit record high, oil plummets with market sentiment buoyed by Iran-Israel truce Read More »

JOHANNESBURG (Reuters) -The South African rand reversed weeks of underperformance against the dollar on Tuesday, after a fragile ceasefire between Israel and Iran revived the appetite for investments in emerging markets. The risk-sensitive local currency has gained ground after falling to a one-month low on Monday as uncertainty over the Middle East conflict hung over …

South African rand rebounds after Israel-Iran ceasefire Read More »

RABAT (Reuters) -The Moroccan central bank held its benchmark interest rate steady at 2.25%, saying current borrowing costs were consistent with the inflation outlook. Inflation would average 1% in 2025, following a drop in food prices, before ticking up to 1.8% next year, the bank said in a statement following its quarterly board meeting. The …

Moroccan central bank holds benchmark interest rate at 2.25% Read More »

(Reuters) -U.S. President Donald Trump said on Monday that a “complete and total” ceasefire between Israel and Iran will go into force with a view to ending the conflict between the two nations. “On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, …

Investors react to news of Iran-Israel ceasefire Read More »

By Chibuike Oguh NEW YORK (Reuters) -Global equity markets advanced on Monday while oil prices settled sharply lower after hitting multi-month highs, as markets shrugged off the effects of the escalating Middle East conflict, with Iran firing retaliatory airstrikes against U.S. bases in Qatar. Wall Street’s main indexes finished higher, with 10 out of 11 …

Shares advance, oil prices settle sharply lower as markets shrug off Iran conflict Read More »

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled down more than 7% on Monday, losing more than $5 a barrel after Iran took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz, but instead attacked a U.S. military base in Qatar in retaliation for U.S. attacks on its nuclear facilities. …

Oil settles down 7% after Iran attacks US military base in Qatar, not tankers  Read More »