Reuters Africa Business

By Promit Mukherjee JOHANNESBURG (Reuters) – Four of South African state utility Eskom’s 15 coal-fired power plants are breaching government emissions regulations as it pushes ageing facilities to their limits, a Reuters analysis of company data found and Eskom officials confirmed. Africa’s most developed economy is facing its worst power crisis on record, with a …

Exclusive-South African utility Eskom pollutes more in bid to keep lights on Read More »

By Nicole Jao NEW YORK (Reuters) -Oil prices settled nearly 1% higher on Tuesday, rebounding from a slump to a two-week low in early trading as expectations of tighter supply outweighed worries that an uncertain economic outlook would crimp demand. Brent crude futures settled 67 cents higher, or 0.7%, at $93.96 a barrel. U.S. West …

Oil prices rebound, settle higher on worries about tight supply Read More »

By Sinéad Carew NEW YORK (Reuters) – A global equity index lost more than 1% on Tuesday in a choppy trading session as fears of higher-for-longer interest rates ate into appetites for riskier assets while the benchmark U.S. Treasury yield remained near 16-year highs. The dollar index hit a 10-month high while the Japanese yen …

Equities fall as U.S. Treasury yields, dollar stay elevated Read More »

By Karen Brettell NEW YORK (Reuters) – The dollar index hit a 10-month high on Tuesday while the Japanese yen came closer to the key 150 level, where Japanese officials are seen as potentially intervening to shore up the currency. Benchmark 10-year U.S. government bond yields have jumped to 16-year highs this month as economic …

Dollar at 10-month high, yen weakens amid intervention watch Read More »