Reuters Africa Business

By Nicole Jao NEW YORK (Reuters) -Oil prices dipped on Tuesday, settling slightly lower after a higher-than-expected forecast for U.S. crude oil production and bearish economic data, but persistent geopolitical tensions limited declines. Brent futures for May delivery settled 29 cents lower at $81.92 a barrel. The April U.S. West Texas Intermediate (WTI) crude contract …

Oil prices settle slightly down after US boosts crude output forecast Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks was set to snap a two-session fall on Tuesday, rising along with Treasury yields after data showed U.S. inflation remained sticky in February, indicating the Federal Reserve could keep interest rates higher for longer than is currently expected. The consumer price index (CPI) rose …

Stocks, US yields climb after inflation data Read More »

JOHANNESBURG (Reuters) -South Africa’s rand weakened on Tuesday as the U.S. dollar rose after higher-than-expected U.S. inflation data. At 1518 GMT, the rand traded at 18.7125 against the dollar, about 0.16% weaker than its previous close. The dollar index was up about 0.26% after data showed inflation rose more than expected last month for the …

South African rand weakens after US inflation data Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The yen drifted higher against the U.S. dollar for a fourth straight session on Monday, bolstered by an upward revision to Japan’s growth figures and expectations the Bank of Japan could exit negative rates at its policy meeting next week. In cryptocurrencies, bitcoin soared to a fresh record …

Yen rises as investors eye Japan policy move; bitcoin soars to new record Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks retreated for a second straight session on Monday, easing further from a record high ahead of U.S. inflation data this week which could heavily influence the Federal Reserve’s interest rate path. Stocks have hit multiple record highs this year, but declined on Friday following …

Stocks dip from record highs with US inflation data on deck Read More »

By Abraham Achirga and Seun Sanni ABUJA Reuters) – Blessing Joseph has been weaving bags, sandals and jewellery earning enough money to feed her son and send him to school. But since November, she has fallen on hard times as customers have stopped coming and she and her son routinely go to bed hungry. She …

Hard times in Nigeria as reforms deepen cost of living crisis Read More »