Reuters Africa Business

JOHANNESBURG (Reuters) -South Africa’s rand strengthened against the dollar on Tuesday, as investors awaited the government’s mid-term budget statement. At 1553 GMT, the rand traded at 18.7425 against the dollar, 0.6% stronger than its previous close after firming 1% earlier. “The rand has seen some mild strength recently, with the Medium-Term Budget Policy Statement (MTBPS) …

South African rand strengthens with focus on mid-term budget Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes advanced on Monday, with U.S. stocks rallying more than 1% after recent sharp declines, while the yen rose to a two-week high against the dollar after a report that the Bank of Japan is considering tweaking its yield curve control policy. Oil prices settled more …

Wall St rallies 1%, yen gains vs dollar; talk of BOJ policy tweak Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The Japanese yen climbed to a two-week peak against the dollar on Monday after a report said the Bank of Japan is considering tweaking its yield curve control policy to allow the 10-year Japanese government bond yield to rise above 1% when it concludes its meeting on Tuesday. …

Japanese yen rises to two-week high vs dollar on talk of BOJ policy tweak Read More »

By Erwin Seba HOUSTON (Reuters) -Oil slipped more than 3% on Monday as fears eased that the Israel-Hamas war would disrupt supply from the region, and as investors grew cautious ahead of this week’s U.S. Federal Reserve meeting. Brent crude futures settled at $87.45 a barrel, down $3.03, or 3.35%, while U.S. West Texas Intermediate …

Oil falls more than 3% as concerns about Mideast supply ease Read More »

ABUJA (Reuters) – German Chancellor Olaf Scholz said on Sunday his country was willing to invest in gas and critical minerals in Nigeria, Africa’s largest oil producer, as he started a two-nation visit to sub-Saharan Africa. This is the third visit to the region by Scholz in two years and comes as conflicts elsewhere highlight …

Germany’s Scholz says his country willing to invest in Nigerian gas, minerals Read More »

JOHANNESBURG (Reuters) -The South African rand rose on Monday at the start of a data-heavy week that includes the government’s midterm budget statement. At 1505 GMT, the rand traded at 18.8000 against the dollar, more than 0.3% stronger than its previous close. Meanwhile, the dollar last traded down 0.4% against a basket of global currencies. …

South Africa’s rand strengthens ahead of mid-term budget Read More »