By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar slid on Wednesday after data showed inflation in the world’s largest economy rose less than expected last month, suggesting that the Federal Reserve could resume cutting interest rates sooner rather than later. The greenback, however, briefly trimmed losses after President Donald Trump said a U.S. …
Dollar fades as US inflation slows; China deal in spotlight Read More »
JOHANNESBURG (Reuters) -The South African rand was little changed on Wednesday after the parliament passed budget legislation that sets the overall limits for government spending and lays out key revenue-generating measures. Disagreements in the coalition government have delayed the budget for months, but the parliamentary vote means there is now greater certainty over the fiscal …
By Alessandro Parodi and Sfundo Parakozov JOHANNESBURG (Reuters) -South Africa’s parliament passed the budget’s fiscal framework and revenue proposals on Wednesday, removing a key pillar of uncertainty for investors in Africa’s biggest economy. The budget has been caught up in political wrangling for months and had to be reworked twice because of disagreements in the …
South African budget law passes after months of delay Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South African pay television company MultiChoice swung to a full-year headline loss as it contended with cash-strapped consumers, and foreign currency and other macro headwinds, it said on Wednesday. MultiChoice, which is a takeover target of France’s Canal+, reported an adjusted core headline loss of 800 million rand ($45.13 million) …
MultiChoice swings to loss as subscribers dwindle, currency depreciation hits Read More »
By Pratima Desai LONDON (Reuters) -Glencore declared force majeure on some deliveries of cobalt from Democratic Republic of Congo days after the government suspended exports of the battery material, three sources familiar with the matter told Reuters. Congo, the world’s largest cobalt producing country, introduced a four-month ban on all cobalt exports in February in …
Glencore halted some cobalt deliveries over Congo export ban Read More »
By Sisipho Skweyiya LIMPOPO (Reuters) -Gene Likhanya’s macadamia nut farm, started with personal savings and built up over two decades in South Africa’s picturesque Madimbo valley, faces a sudden challenge from U.S. import tariffs that is causing him to look for other markets. South Africa is the world’s top producer of macadamia nuts, known for …
South African macadamia farmers eye new markets after US tariff jolt Read More »
By Tim Hepher and Ahmed Eljechtimi PARIS/RABAT (Reuters) -Royal Air Maroc is nearing a deal with Boeing for dozens of jets to renew its fleet, though Europe’s Airbus is preparing to gain a rare foothold with a smaller order for 20 A220 jets, industry sources said on Wednesday. Royal Air Maroc has been in talks …
Airbus seeks to encroach on Royal Air Maroc’s Boeing fleet renewal, sources say Read More »
JOHANNESBURG (Reuters) -South African business confidence edged up in May after a steep drop in the previous month, helped by a stronger rand, rallying stocks on the Johannesburg bourse and high gold and platinum prices, data showed on Wednesday. The South African Chamber of Commerce and Industry’s Business Confidence Index rose to 115.8, up from …
South African business confidence edges up in May after big drop in prior month Read More »
By Lawrence Delevingne and Amanda Cooper BOSTON/LONDON (Reuters) -Global stocks and the dollar were positive but muted on Tuesday as trade talks between the United States and China continued through a second day, giving investors some reason to believe tensions between the world’s two largest economies may be easing. U.S. Commerce Secretary Howard Lutnick said …
Stocks, dollar edge higher as investors track US-China trade talk progress Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices held near a seven-week high on Tuesday as the market awaited direction from trade talks between the U.S. and China. Analysts have said a trade deal between the countries with the world’s two biggest economies could boost prices by supporting global economic growth and increasing oil demand. …
Oil prices hold near 7-week high as market waits for news from US-China trade talks Read More »
