Reuters Africa Business

By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar fell on Thursday, except against the yen, vacillating after data showed unexpected slowing in economic growth and an unwelcome inflation acceleration, potentially tying the Federal Reserve’s hands on a pivot to easier interest rates. While the dollar was hardly shaken against the beleaguered …

Dollar sags after mixed US growth and inflation report, except against yen Read More »

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled higher on Thursday on worries of supply disruptions in Middle East supply as Israel stepped up airstrikes on Gaza’s Rafah and on the U.S. Treasury secretary’s comments that the economy was performing well. Brent crude futures settled 99 cents, or 1.1%, higher at $89.01 a barrel. U.S. …

Oil settles higher as weak U.S. economic growth offset by supply concerns Read More »

JOHANNESBURG (Reuters) -The South African rand rose on Thursday, after monthly domestic producer inflation came in as expected. At 1550 GMT, the rand traded at 19.0400 against the dollar, nearly 0.9% stronger than its previous close. The dollar was last trading down 0.11% against a basket of other major currencies. Statistics South Africa data showed …

South African rand strengthens after producer inflation data Read More »

By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -India’s benchmark indexes fell on Thursday as financials weighed, dragged down by Kotak Mahindra Bank, while consumer stocks fell after an earnings miss from sector giant Hindustan Unilever. The NSE Nifty 50 was down 0.11% at 22,376.10 as of 9:58 a.m. IST, while the S&P BSE Sensex …

Kotak Mahindra Bank, consumer stocks drag Indian shares lower Read More »

By Chris Prentice and Ankur Banerjee NEW YORK/LONDON (Reuters) – U.S. and European shares finished mixed on Wednesday ahead of more corporate earnings this week, and the yen was mired near 34-year lows, keeping traders wary of intervention from Japan. An auction of a record $70 billion worth of five-year U.S. Treasury notes on Wednesday …

Equities mixed as investors eye earnings; yen on intervention watch Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The yen dropped against the U.S. dollar on Wednesday to its weakest since mid-1990 above the key 155 area, with markets alert to any signs of intervention from Japanese authorities to prop up their currency. As the yen slid, the greenback edged higher, recovering against most currencies from falls …

Japan’s yen sags, hits 155 per dollar; US currency advances Read More »