JOHANNESBURG (Reuters) -The South African rand strengthened more than 1% against the dollar on Monday, after weaker business activity in the UK, euro zone and United States suggested fewer global rate hikes might be needed. At 1512 GMT, the rand traded at 17.7575 against the dollar, about 1.2% stronger than its previous close. The dollar …
South African rand jumps; focus on major central bank decisions Read More »
By Maxwell Akalaare Adombila and Christian Akorlie ACCRA (Reuters) – Ghana’s central bank called on Monday for tighter fiscal policy to help bring down stubbornly high inflation as it hiked its main interest rate by another 50 basis points to 30.0%. The cocoa-, gold- and oil-producing West African nation is grappling with its worst economic …
Ghana central bank calls for tighter fiscal policy as it hikes again Read More »
(Reuters) -South Africa’s Anglo American Platinum on Monday posted a 71% decline in half-year profit due to weaker platinum group metal (PGM) prices and lower production. Amplats’ headline earnings per share (HEPS) – the main measure of corporate profit in South Africa – fell to 29.84 rand ($1.66) in the half-year that ended June 30, …
Amplats H1 profit falls sharply, new CEO announcement ‘imminent’ Read More »
By Shariq Khan BENGALURU (Reuters) -Oil prices rose nearly 2% on Friday to record a fourth consecutive weekly gain, buoyed by growing evidence of supply shortages in the coming months and rising tensions between Russia and Ukraine that could further hit supplies. Brent crude futures rose $1.43, or 1.8%, to settle at $81.07 a barrel, …
Oil rallies for fourth straight week on tightening supply Read More »
By Herbert Lash NEW YORK (Reuters) -Global share markets edged lower on Friday as most U.S. megacap stocks slipped, while the dollar soared against the yen after Reuters reported the Bank of Japan is leaning toward keeping its dovish monetary policy next week. Gold prices fell as the dollar rebounded to its highest in more …
Global shares slip, dollar soars vs yen on BoJ policy expectations Read More »
By Karen Brettell and Iain Withers NEW YORK (Reuters) – The yen dropped against the dollar on Friday after Reuters reported the Bank of Japan (BoJ) is leaning toward keeping its key yield control policy unchanged next week, ahead of a busy week of central bank meetings that includes the U.S. and Europe. BoJ policymakers …
Yen slides, dollar gains as BOJ seen maintaining loose policy Read More »
JOHANNESBURG (Reuters) -South Africa’s rand lost some ground on Friday as the U.S. dollar surged, but was still set to end the week on a solid footing after inflation fell back within target and the central bank paused interest rate hikes. At 1540 GMT, the rand traded at 17.9550 against the dollar, 0.15% weaker than …
South African rand broadly stable after interest rate pause Read More »
By Felix Onuah ABUJA (Reuters) – Nigeria plans to distribute grains and fertiliser from Monday and raise salaries of government workers, the vice president’s office said, in a bid to cushion the impact of ending a subsidy on petrol that has worsened a cost of living crisis in Africa’s largest economy. The grain and fertiliser …
Nigeria to distribute grains, fertiliser to soften impact of rising fuel prices Read More »
By Herbert Lash NEW YORK (Reuters) -The dollar rallied and a gauge of global equities slid on Thursday after data once again highlighted persistent U.S. labor market strength, suggesting the Federal Reserve will keep interest rates higher for longer to curb inflation. Fewer-than-expected Americans filed new claims for unemployment benefits last week, the Labor Department …
Dollar gains, stocks fall as US data suggests rates to stay higher Read More »
By Laura Sanicola (Reuters) -Oil prices settled slightly higher on Thursday on lower U.S. crude inventories and strong crude imports by China, but a weaker demand outlook kept investors cautious. September Brent futures climbed 18 cents, or 0.2%, to settle at $79.64 a barrel. August U.S. West Texas Intermediate (WTI) crude gained 28 cents, or …
Oil settles higher amid low crude stocks, cautious economic outlook Read More »
