By Arathy Somasekhar HOUSTON (Reuters) -Crude oil prices fell 1% on Tuesday as weak U.S. consumer confidence data fed worries about the economic outlook and fuel demand after a slow start to the U.S. summer driving season. Brent futures for August settled down $1, or 1.2%, at $85.01 a barrel. U.S. crude futures settled at …
Oil prices dip as investors fret over demand outlook Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rose on Tuesday, bolstered by hawkish comments from Federal Reserve officials as well as data showing a stable housing market in the world’s largest economy, both suggesting that the central bank will not be in a rush to kickstart its rate-cutting cycle. The greenback firmed against …
US dollar advances after hawkish Fed comment, economic data Read More »
By Marcelo Teixeira NEW YORK (Reuters) – Blommer Chocolate, the largest cocoa processor in North America, launched on Tuesday a product it says it is a cheaper alternative to cocoa butter for confectioners that are struggling to keep up with rising costs for cocoa products. Cocoa prices rose 60% in 2023 and are up 88% …
US company launches cheaper alternative to cocoa butter amid price spike Read More »
LONDON (Reuters) – Sibanye Stillwater CEO Neal Froneman said on Tuesday it may close a metals streaming, or prepayment, deal to raise the cash it needs to boost its balance sheet in the third quarter. The Johannesburg-based platinum-group metals producer is seeking to raise more than $500 million to shore up its balance after earnings …
Sibanye CEO says may close metals streaming deal in third quarter Read More »
JOHANNESBURG (Reuters) – The South African rand clawed back some losses in early trade on Tuesday, as local media reported progress in negotiations over cabinet positions between the two biggest parties in the unity government. At 0650 GMT, the rand traded at 18.0750 against the dollar, more than 0.2% stronger than its previous close. The …
South African rand claws back some losses on reports cabinet talks progress Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes were mixed on Monday ahead of a key U.S. inflation reading due this week, while the dollar eased slightly against the yen from levels that put investors on alert for Japanese intervention. The Dow Jones Industrial average hit a one-month high while the Nasdaq fell more …
Stocks mixed, yen in focus after flirting with key level Read More »
By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar slipped from an eight-week high against the yen on Monday, with traders back on alert for government intervention to support the Japanese currency after it hit just shy of 160, a level that earlier triggered action from the Ministry of Finance to …
US dollar dips from 8-week high vs yen as intervention fears intensify Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices rose about 1% on Monday, spurred by the prospect of strong summer driving demand and as tensions in the Middle East and drone attacks on Russian refineries led to concerns about supply. An easing U.S. dollar added to the crude price strength. Brent futures for August delivery …
Oil prices rise on fuel demand expectations, easing US dollar Read More »
By Percy Dabang YOLA, Nigeria (Reuters) – Nearly 2,000 petrol outlets were shut in Nigeria’s northeast to protest against an anti-smuggling operation that targeted some operators, the local head of the petroleum marketers association said on Monday, forcing motorists to buy from the black market. Dahiru Buba, the chairman of the Independent Petroleum Marketers Association …
Over 1,800 fuel outlets shut in Nigeria’s northeast over smuggling dispute Read More »
By Maxwell Akalaare Adombila and Duncan Miriri ACCRA (Reuters) – Ghana has reached an agreement in principle with two bondholder groups to restructure around $13 billion of its debt, it said on Monday, making it the second African country this month to reach the final stages of a debt overhaul. The agreement will see Ghana’s …
Ghana clinches preliminary $13 billion debt deal with bondholders Read More »
