By Erwin Seba HOUSTON (Reuters) – Brent and U.S. crude oil futures fell on Tuesday as traders grew less nervous about the potential for a wider war in the Middle East, with Iran yet to act on threats to retaliate on Israel for assassination of a Hamas official in Tehran. Benchmark Brent crude futures settled …
Oil tumbles on easing fears of wider Middle East war Read More »
By Rahul Paswan (Reuters) – Gold prices steadied on Tuesday to hover close to an all-time high hit in July, as the dollar and Treasury yields crept lower after U.S. producer price data cemented hopes for a interest rate cut from the Federal Reserve in September. Spot gold was down 0.2% to $2,467.80 per ounce …
Gold firms as dollar, yields slip after US PPI data Read More »
JOHANNESBURG (Reuters) – The South African rand gained against a weaker dollar on Tuesday, shrugging off lacklustre domestic mining and unemployment data. At 1511 GMT, the rand traded at 18.1450 against the U.S. dollar, about 0.55% stronger than its closing level on Monday. The dollar index was last trading down about 0.2% against a basket …
South African rand shrugs off lacklustre mining, jobless data Read More »
(Reuters) -South African petrochemicals company Sasol has promoted Walt Bruns to chief financial officer, it said on Tuesday, replacing Hanre Rossouw from the start of next month. Sasol said Rossouw resigned to pursue a different career opportunity after two years with the company. He leaves on Aug. 31. Bruns, who is currently finance chief of …
Petrochemicals group Sasol appoints new finance chief Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices jumped by more than 3% on Monday, rising for a fifth consecutive session on expectations of a widening Middle Eastern conflict that could tighten global crude oil supplies. Global benchmark Brent crude futures settled higher at $82.30 a barrel, gaining $2.64, or 3.3%. U.S. West Texas Intermediate …
Oil prices jump on prospect of widening Middle East war shrinking supply Read More »
By Koh Gui Qing and Harry Robertson NEW YORK/LONDON (Reuters) -World stocks edged higher on Monday while the yen slipped as a holiday in Japan removed one source of recent volatility, with investors looking ahead to U.S. and Chinese economic data. Investors were looking ahead to U.S. consumer price index data for July on Wednesday, …
Stocks tick up while yen slips in calm before US data Read More »
By Laura Matthews NEW YORK (Reuters) – The yen fell against the dollar on Monday in calmer currency market trading as investors weighed the odds of a deep Fed interest rate cut next month ahead of a slew of U.S. economic data after volatile moves last week. The respite follows a tumultuous week that began …
Yen dips, markets stabilize ahead of US inflation data Read More »
By Humphrey Malalo NAIROBI (Reuters) -Kenya’s main aviation union said it would call a strike from next Monday over a proposed deal with an Indian company to develop the country’s biggest airport – industrial action that could cause major disruption in the east African travel hub. The Kenya Aviation Workers Union, which represents airport workers, …
Kenya aviation workers to strike over airport deal with India’s Adani Read More »
By Camillus Eboh ABUJA (Reuters) – The health of detained Binance executive, Tigran Gambaryan, has deteriorated in a Nigerian prison where he faces money laundering charges, his wife said on Monday. Binance, the world’s largest cryptocurrency exchange, and two of its executives – Gambaryan, a U.S. citizen and head of financial crime compliance, and Nadeem …
Health of detained Binance executive deteriorates in Nigerian prison, wife says Read More »
JOHANNESBURG (Reuters) – The South African rand was stronger on Monday at the start of a week filled with closely watched global and domestic economic data releases. At 1517 GMT, the rand traded at 18.20 against the dollar, about 0.7% firmer than its previous closing level. The U.S. dollar was down about 0.1% against a …
South African rand firms at start of data-packed week Read More »
