By Brigid Riley TOKYO (Reuters) – The yen and euro received some much needed relief on Thursday as the dollar and U.S. Treasury yields both stalled after U.S. private payrolls growth slowed sharply, leading investors to reduce bets the Federal Reserve will hike rates again this year. After touching an 11-month high earlier this week, …
Dollar dented by private payrolls report in reprieve for yen, euro Read More »
JOHANNESBURG (Reuters) -South Africa’s central bank Governor Lesetja Kganyago said on Thursday that the rand was caught up in a realignment of global currencies that was outside of the bank’s control. Kganyago told a webinar that his main worry was inflation and the bank was concerned about the exchange rate to the extent that it …
South Africa central bank: rand caught up in global FX realignment Read More »
By Herbert Lash and Tom Wilson NEW YORK/LONDON (Reuters) – A rout in government bond markets deepened early on Wednesday with benchmark U.S. yields hitting fresh 16-year highs as investors bet that persistently high interest rates will slow world growth and dampen the appetite for riskier assets. The Treasury rout later retreated on a cooler-than-expected …
Global bond rout deepens before receding on relief rally Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell on Wednesday, tracking the pullback in U.S. Treasury yields, amid a mixed set of data suggesting that there are pockets of weakness in the world’s largest economy, further diminishing the odds of another interest rate hike by the Federal Reserve before the end of the …
US dollar retreats after mixed batch of data; yen modestly firmer Read More »
By Laura Sanicola (Reuters) -Oil prices settled down more than $5 on Wednesday as fuel demand destruction and a bleaker macroeconomic picture took centre stage in the day’s trade. Brent crude oil futures settled down 5.11, or 5.6%, to $85.81 a barrel while U.S. West Texas Intermediate crude (WTI) fell $5.01, or 5.6%, to $84.22. …
Oil settles down more than $5 as US data shows weak demand for gasoline Read More »
By Felix Njini JOHANNESBURG (Reuters) – Sibanye Stillwater, which is among investors bidding to buy Mopani Copper Mines, said the amount of money required to expand output and run the Zambian assets profitably is not “onerous.” The Johannesburg-based precious metals producer is on the shortlist of potential buyers for the copper mines owned by a …
Sibanye CEO says Zambia’s Mopani Copper Mines investment not ‘onerous’ Read More »
By Sabrina Valle HOUSTON (Reuters) -Guyanese mining magnate Nazar Mohamed has pulled out of a consortium hired to build a $300 million logistics base for oil giant Exxon Mobil Corp in the South American country, his partners said on Wednesday. Reuters had reported in July, citing multiple sources and documents, that Nazar Mohamed and his …
Guyana contractor in US probe leaves $300 million Exxon shore base project Read More »
By Felix Njini JOHANNESBURG (Reuters) – Exxaro Resources is searching for acquisitions in Africa’s key copper producing countries and may consider partnering with existing miners as it diversifies into metals needed for the green revolution. The Johannesburg-based coal producer is looking for copper assets in Botswana, Zambia and Democratic Republic of Congo (DRC), the continent’s …
Coal miner Exxaro hunts for copper assets in Congo, Zambia and Botswana Read More »
JOHANNESBURG (Reuters) -The South African rand traded slightly higher on Wednesday following several days of weakness as the softening of the U.S. dollar supported risk sentiment. At 1619 GMT, the rand traded at 19.2800 against the dollar, about 0.3% stronger than its previous close. The dollar index , which tracks the greenback against six peers, …
South African rand slightly firms as US dollar dips Read More »
NAIROBI (Reuters) – Amazon Web Services (AWS), the company’s cloud-computing division, said on Wednesday it would open a development centre in Kenya’s capital Nairobi, creating jobs in software development, cloud support, and software engineering. Sometimes dubbed the “Silicon Savannah”, Kenya is one of Africa’s biggest technology hubs, hosting offices of some of the world’s tech …
Amazon Web Services to open development centre in Kenya Read More »
