By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against most major currencies on Wednesday after July U.S. job openings data signaled a softening labor market, tilting the odds further in favor of larger interest rate cuts by the Federal Reserve. Traders boosted bets that the Fed will deliver a half-a-percentage-point reduction at its …
Dollar eases as US job openings fall; safe-haven bid lifts yen Read More »
N’DJAMENA, Chad (Reuters) – China has signed multiple agreements with Chad and Senegal involving projects ranging from electricity and infrastructure to drinking water and communications technology at the Forum on China-Africa Cooperation in Beijing, the countries’ presidencies said on Wednesday. The world’s biggest bilateral lender, which is hosting 50 African nations, wants to re-align its …
China signs electricity, infrastructure deals with Chad and Senegal Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened against a weaker dollar on Wednesday, after U.S. jobs data showed a softening labour market. At 1534 GMT, the rand traded at 17.8625 against the dollar, 0.61% stronger than its previous close. The dollar index was last trading down 0.33% against a basket of currencies. U.S. job openings …
By Ayman Al-Warfali BENGHAZI (Reuters) – The 600,000-barrel oil tanker Front Jaguar was loading at Libya’s Brega port on Wednesday, engineers told Reuters and Kpler data showed, despite a blockade that has halted other exports. The tanker was permitted to load oil from storage after exports had been halted at major Libyan ports, the engineers …
Oil tanker loading crude at Libya’s Brega port, engineers say Read More »
By Bhargav Acharya JOHANNESBURG (Reuters) -The International Monetary Fund said on Wednesday that South Africa needed to pursue ambitious fiscal consolidation to restore the sustainability of its public finances. The statement follows an IMF visit to South Africa in early July to conduct a “post-financing assessment” after its $4.3 billion loan to the country in …
IMF says South Africa needs ambitious fiscal consolidation Read More »
By Alex Lawler, Olesya Astakhova and Ahmad Ghaddar LONDON (Reuters) -OPEC+ is discussing delaying an oil output increase scheduled to start in October after oil prices hit their lowest in nine months, four sources from the producer group told Reuters on Wednesday. The move comes as oil prices have been falling together with other asset …
OPEC+ discussing delay to planned oil output hike in October, sources say Read More »
JOHANNESBURG (Reuters) – South African fashion retailer TFG said on Wednesday that sales for its 21-week period fell by 3.5%, as inflation and high living costs continued to put pressure on consumer demand for discretionary categories. By 1327 GMT, shares were down 3%. TFG, owner of the Foschini and Markham clothing stores said sales in …
South Africa’s TFG sales fall 3.5% as consumers spend less Read More »
NAIROBI (Reuters) – Kenya’s private sector activity picked up in August as firms recovered from disruption caused by anti-government protests the previous month, a survey showed on Wednesday. The Stanbic Bank Kenya Purchasing Managers’ Index rose to 50.6 in August from 43.1 a month earlier. Readings below 50.0 signal a contraction in activity, while those …
Kenya private sector activity picks up in August, PMI shows Read More »
JOHANNESBURG (Reuters) – South African private sector activity rose in August as firms received higher volumes of new orders for the first time since April 2023, a survey showed on Wednesday. The S&P Global South Africa Purchasing Managers’ Index rose to 50.5 in August from 49.3 in July, the first time it has been above …
South Africa business activity rises in August, PMI shows Read More »
JOHANNESBURG (Reuters) -South African upmarket fashion and food retailer Woolworths reported a decline in full-year headline earnings on Wednesday, as higher living costs continue to weigh on discretionary spend. Woolworths reported headline earnings per share (HEPS) for continuing operations of 352.3 cents, down 16.8% on a comparable 52 weeks ended June 25. Including Australian department …
South Africa’s Woolworths reports 16.8% drop in FY profit as shoppers spend less Read More »
