Reuters Africa Business

By Stephen Culp NEW YORK (Reuters) -U.S. stocks closed lower on Wednesday as crude prices tumbled and investors weighed cautious U.S. Federal Reserve commentary and ongoing geopolitical strife against mixed quarterly earnings. Benchmark U.S. Treasury yields and the dollar eased back from multi-month highs, while gold backed down from its all-time high. All three major …

US stocks end down, crude slides amid Fed, geopolitical crosscurrents Read More »

By Laura Sanicola (Reuters) -Oil prices settled down 3% on Wednesday, pressured by a rise in U.S. commercial inventories, weaker economic data from China and U.S. progress on Ukraine and Israel aid bills. Brent futures for June settled down $2.73, or 3%, at $87.29 a barrel, while U.S. crude futures for May settled down $2.67 …

Oil settles down 3% as demand worries outweigh Middle East supply risks Read More »

By Herbert Lash and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar on Wednesday fell for the first time in six days, as investors consolidated gains after Federal Reserve officials repeated the interest rate-cutting cycle is on hold pending new economic data, while the monetary easing outlook for other major central banks remained unchanged. The greenback …

US dollar weakens as market consolidates gains, but uptrend intact Read More »

JOHANNESBURG (Reuters) -South Africa’s rand was unchanged on Wednesday after local inflation fell slightly more than expected in March, but not enough to change the outlook on interest rates. At 1516 GMT, the rand traded at 19.0475 to the U.S. dollar, the same as its previous close. The dollar was last trading down about 0.14% …

South African rand unchanged after inflation falls Read More »

By Georgina McCartney HOUSTON (Reuters) -Oil prices settled marginally lower on Tuesday after economic headwinds pressured investor sentiment, curbing gains from geopolitical tensions with eyes on Israel and its pending response to Iran’s attack on Israeli territory over the weekend. Brent crude futures for June delivery settled 8 cents lower, or 0.1% at $90.02 a …

Oil prices flat as economic headwinds counter Mideast supply fears Read More »

By Karen Brettell NEW YORK (Reuters) -The dollar reached a five-month high against the euro on Tuesday after Federal Reserve Chair Jerome Powell said the U.S. central bank may need to keep rates higher for longer as inflation remains sticky. The greenback also hit its highest level against the Japanese yen since 1990, with traders …

Dollar hits 5-month high against euro; yen weakest since 1990 Read More »