Reuters Africa Business

By Lawrence Delevingne and Huw Jones (Reuters) -Global shares idled on Wednesday after a lengthy rebound propelled them towards recent record highs, and as investors awaited confirmation that the U.S. Federal Reserve would cut interest rates as expected. Fed officials last month were strongly leaning toward an interest-rate cut at their September policy meeting, according …

Wall Street muted as investors look to Fed to confirm rate cuts Read More »

By Karen Brettell (Reuters) -The dollar fell to a more than one-year low against the euro and sterling on Wednesday after data showed employers added 818,000 fewer jobs in the year to March than previously thought. The release comes before a highly anticipated speech by Federal Reserve Chair Jerome Powell at the Kansas City Fed’s …

Dollar drops as jobs revised lower, some Fed officials wanted July cut Read More »

By Georgina McCartney HOUSTON (Reuters) -Oil prices settled down by $1 a barrel on Wednesday after the U.S. government revised sharply lower a set of employment statistics closely watched by investors. Brent crude futures settled down $1.15, or 1.49%, at $76.05 a barrel. U.S. West Texas Intermediate crude futures settled $1.24 lower or 1.69% at …

Oil settles $1 down after US job data revised significantly lower Read More »

JOHANNESBURG (Reuters) -The South African rand softened on Wednesday as local inflation fell to a three-year low in July, solidifying analysts’ expectations of an interest rate cut by the South African Reserve Bank next month. At 1511 GMT, the rand traded at 17.8450 against the dollar, 0.25% softer than Tuesday’s close. Consumer inflation fell more …

South African rand softens as Sept rate cut looms after inflation drop Read More »

By Tannur Anders and Bhargav Acharya JOHANNESBURG (Reuters) -South Africa’s inflation dropped more than forecast to a three-year low in July, nearing the level the central bank aims for and cementing analysts’ expectations for an interest rate cut next month. Consumer inflation fell to 4.6% year on year in July from 5.1% in June, statistics …

South Africa inflation drop makes September rate cut more likely Read More »