Reuters Africa Business

By Nicole Jao (Reuters) -Oil prices settled 1% lower on Wednesday after a smaller-than-expected draw in U.S. crude stockpiles and as concerns over Chinese demand persisted, though losses were capped by supply risks in the Middle East and Libya. Brent crude futures settled down 90 cents, or 1.13%, at $78.65 a barrel. U.S. West Texas …

Oil prices fall 1% after US crude stocks draw; Libya supply risks limit losses Read More »

JOHANNESBURG (Reuters) -The South African rand weakened on Wednesday ahead of economic data releases towards the end of the week. The rand was at 17.7925 against the dollar by 1533 GMT, about 0.44% weaker than its previous close. The dollar index showing its performance against a basket of currencies was last up about 0.36%. South …

South African rand slips ahead of domestic data releases Read More »

By Chibuike Oguh and Iain Withers NEW YORK/LONDON (Reuters) -A gauge of global shares climbed in choppy trading while oil prices slipped on Tuesday as investors weighed geopolitical risks as well as impending Nvidia earnings and U.S. inflation data. Markets are anticipating an imminent start to the Federal Reserve’s monetary policy easing, after Chair Jerome …

Shares climb, oil slips amid Mideast risks and looming Nvidia earnings Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling climbed to its highest against the U.S. dollar in more than two years on Tuesday, while the greenback dropped to a more than one-year low after gains the previous session, as investors awaited key economic data this week and next. Currency moves remained driven by the prospect …

US dollar retreats, sterling hits more than two-year high Read More »

By Scott DiSavino NEW YORK (Reuters) – Oil prices fell about 2% on Tuesday on worries that slower economic growth in the U.S. and China could reduce demand for energy, especially after prices surged over 7% during the prior three days. Brent futures fell $1.88, or 2.3%, to settle at $79.55 a barrel, while U.S. …

Oil prices fall 2% on economic worries, technical decline Read More »

JOHANNESBURG (Reuters) -The South African rand was broadly steady on Tuesday, ahead of several local data releases later this week. At 1532 GMT, the rand traded at 17.75 against the dollar, near its Monday closing level of 17.7575. South African investors will focus on July’s producer inflation data on Thursday and money supply, budget and …

South African rand stable ahead of data-filled second half of week Read More »