Reuters Africa Business

By Lawrence Delevingne (Reuters) -Stocks fell and the dollar gained on Thursday as traders digested fresh economic data and awaited confirmation from the U.S. Federal Reserve on Friday that it will soon start to cut interest rates. All three major U.S. stock indexes lost ground, weighed by technology shares. The Dow Jones Industrial Average fell …

Stocks decline and dollar rebounds as Fed readies rate cuts Read More »

By Nicole Jao (Reuters) -Oil prices settled up more than 1% on Thursday, as expectations for a U.S. interest rate cut in a few weeks fueled a rebound after four days of price declines. Brent crude futures settled up $1.17, or 1.54%, to $77.22 a barrel. U.S. West Texas Intermediate crude futures gained $1.08, or …

Oil prices settle $1 up on hopes of a US Fed rate cut next month Read More »

By Karen Brettell NEW YORK (Reuters) -The dollar rebounded from a 13-month low against the euro on Thursday before Federal Reserve Chair Jerome Powell is due to speak on Friday and as the greenback’s recent weakness was seen as being overdone. The U.S. currency has fallen on concerns about a weakening economy and on expectations …

Dollar rebounds against euro before Powell speech Read More »

JOHANNESBURG (Reuters) -The South African rand slipped against a stronger dollar on Thursday as investors awaited Federal Reserve Chair Jerome Powell’s speech for hints on the future interest rate path of the world’s biggest economy. At 1530 GMT, the rand traded at 18.01 against the dollar, about 1% weaker than its previous close. The dollar …

South African rand slips, focus on Fed rate path Read More »

By Felix Njini and Nelson Banya JOHANNESBURG (Reuters) -Sibanye Stillwater said on Thursday it had secured an additional 500 million euros ($557.30 million) debt financing to complete a new lithium mine in Finland, forging ahead with the project amid a slump in prices for the battery metal. The Johannesburg-based precious metals producer said the loan …

Sibanye secures debt funding for Finland lithium mine as prices slump Read More »

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 »