Reuters Africa Business

By Marta Nogueira ARACAJU, Brazil (Reuters) -Brazil’s state-run oil firm Petrobras has made a non-binding offer to buy a major stake in Galp Energia’s huge offshore oil discovery in Namibia, Petrobras exploration and production director Sylvia dos Anjos told Reuters on Friday. If accepted, the bid would make Petrobras the operator of the Mopane oil …

Exclusive-Petrobras bids for Galp’s oil field in Namibia, seeking opportunity abroad Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and U.S. economic data showed an improving inflation landscape, sending Treasury yields lower. The Commerce Department said the personal consumption expenditures (PCE) price index, the Federal Reserve’s …

US inflation data lifts global stocks, lowers Treasury yields Read More »

By Alden Bentley NEW YORK (Reuters) -The dollar ended little changed on Friday, pressured by a fall in Treasury yields after a tame U.S. inflation report that investors said kept the runway for the expected September Federal Reserve easing clear. The Commerce Department’s June personal consumption expenditures (PCE) price index nudged up 0.1%, as expected, …

Dollar treads water after tame US inflation report, yen rally stalls Read More »

By Erwin Seba HOUSTON (Reuters) -Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a Gaza ceasefire agreement that could ease Middle East tensions and accompanying supply concerns. Brent crude settled down $1.24, or 1.5%, at $81.13 a barrel. West Texas Intermediate crude ended $1.12, or …

Oil falls 1.5%, ends week lower on China demand fears Read More »

JOHANNESBURG (Reuters) -The South African rand gained against the dollar on Friday, after a reading of U.S. inflation did little to alter expectations of a September interest rate cut by the Federal Reserve. At 1510 GMT, the rand traded at 18.27 against the dollar, about 0.6% stronger than its previous close. The dollar index was …

South African rand gains after US inflation report Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -World stock indexes mostly fell in choppy trading Thursday, adding to losses after a tech-led selloff in the previous session, while the Japanese yen drifted near flat after reaching a 2 1/2-month high against the U.S. dollar. U.S. megacap stocks were mostly in positive territory throughout afternoon trading before …

Stocks add to recent losses; yen flat after 2 1/2-mo high vs dollar Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The yen edged lower from a 2-1/2-month high against the U.S. dollar on Thursday, as financial markets stabilized, with investors looking ahead to next week’s Bank of Japan meeting which could see a potential rate hike. The Japanese unit this week rallied sharply as market participants unwound their long-held …

Yen drifts lower from 2-1/2-month peak vs dollar as markets stabilize Read More »