By Koh Gui Qing and Marc Jones NEW YORK/LONDON (Reuters) -The euro clung to a more than two-month low while world stocks rebounded on Wednesday, while tech darling Nvidia jumped 8% in trading after the bell, hitting an all-time high after it forecast third-quarter revenue well above Wall Street targets. Santa-Clara, California-based Nvidia forecast third-quarter …
Shares jump as Nvidia results shine, bond yields retreat Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices dipped 1% on Wednesday as demand woes stemming from a build in U.S. gasoline stocks and weak manufacturing data globally outweighed optimism around a larger-than-expected drop in U.S. crude stocks. Brent crude was down 82 cents, or 0.98%, at $83.21 a barrel, bouncing off a 2.5% decline earlier …
Oil edges down as demand woes outweighs big draw in crude stocks Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar eased against a basket of currencies on Wednesday after data showed U.S. business activity approached the stagnation point in August, with growth at its weakest since February as demand for new business in the vast service sector contracted. S&P Global said its flash U.S. Composite …
Dollar retreats as data shows US economy near stalling point Read More »
NAIROBI (Reuters) -A Kenyan court has given Facebook’s parent company Meta and content moderators suing it for unfair dismissal 21 days to resolve their dispute out of court, a court order showed on Wednesday. The 184 content moderators are suing Meta and two subcontractors after they say they lost their jobs with one of the …
Kenyan court orders mediation in Meta labour dispute Read More »
JOHANNESBURG (Reuters) -South African petrochemicals company Sasol cut its final dividend by almost a third on Wednesday after a 35 billion rand ($1.87 billion) non-cash impairment hit annual profit. On a full-year basis its dividends were still up by 16%, having paid an interim dividend of 7 rand per share compared with nothing at the …
S.Africa’s Sasol cuts final dividend, seeks ways to reverse impairment Read More »
JOHANNESBURG (Reuters) -The South African rand extended gains to trade nearly 2% stronger against the U.S. dollar on Wednesday, after July inflation data came in lower than expected and the greenback slipped. At 1608 GMT, the rand traded at 18.4725 to the U.S. dollar, about 1.8% stronger than its previous close. Earlier in the afternoon …
South African rand extends gains after inflation slows Read More »
CAIRO (Reuters) -Traffic through the Suez Canal has resumed normally, the canal authority said on Wednesday, hours after a collision of two vessels temporarily caused delays. “Slight contact” was made after liquefied natural gas (LNG) carrier BW Lesmes made a sudden stop due to a technical failure that coincided with a strong current that drove …
Suez Canal resumes normal traffic after collision Read More »
By Promit Mukherjee JOHANNESBURG (Reuters) -South Africa signed a raft of deals with China on Wednesday to help it overhaul its creaky energy sector including upgrading its nuclear power plant as the government seeks to ease a severe energy crisis hobbling the economy. The agreements, signed with Chinese power companies on the sidelines of the …
South Africa, China sign power deals during BRICS summit Read More »
JOHANNESBURG (Reuters) – South Africa’s headline consumer inflation fell more than expected to 4.7% year on year in July from 5.4% in June, Statistics South Africa data showed on Wednesday. On a month-on-month basis, consumer inflation was at 0.9% in July, compared to 0.2% the previous month. Analysts polled by Reuters had predicted year-on-year inflation …
South African inflation falls to 4.7% y/y in July Read More »
By Laura Sanicola (Reuters) -Oil prices settled lower on Tuesday as investors remained focused on the likelihood that China’s economic malaise will keep hobbling demand from the world’s top crude importer. Brent crude settled down 43 cents, or 0.5% at $84.03 a barrel while the more active U.S. West Texas Intermediate October contract slipped 48 …
Oil prices settle lower on nagging worries about Chinese demand Read More »
