By Herbert Lash NEW YORK (Reuters) -Global stocks rose and the dollar strengthened on Wednesday after a surprise cooling of British inflation bolstered the risk-off mood across markets that anticipates the Federal Reserve next week will hike interest rates for the last time. The dollar bounced after sentiment was boosted by inflation in the United …
Global stocks, dollar gain as UK cooling inflation lifts sentiment Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices edged lower on Wednesday, as investors took profits following earlier gains on tighter U.S. crude supplies and China’s pledge to reinvigorate its economic growth. Brent futures dipped 17 cents at $79.46 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 40 cents at $75.35 a barrel. Prices …
Oil prices dip on profit-taking despite tighter U.S. supplies Read More »
By Tannur Anders, Anait Miridzhanian JOHANNESBURG (Reuters) -The South African rand slipped against a stronger U.S. dollar on Wednesday, showing little reaction to the news that Russian President Vladimir Putin will not attend a summit of the BRICS nations next month in Johannesburg. The announcement that Putin would not be at the summit ended months …
South African rand tracks dollar, unmoved by Putin’s BRICS no-show Read More »
BAMAKO (Reuters) – State revenue from gold mining companies in Mali rose 35% year on year in 2022 to a record 763.7 billion CFA francs ($1.3 billion) due to increased tax revenues, a mines ministry official said on Wednesday. Mali is one of Africa’s top gold producers and is home to mining companies including Barrick …
JOHANNESBURG (Reuters) – South African retail sales fell 1.4% year on year in May after declining by a revised 1.8% in April, Statistics South Africa figures showed on Wednesday. On a month-on-month basis, sales decreased 0.7%. Sales in the three months to the end of May were down 1.5% compared with the same period last …
South African retail sales fall 1.4% year on year in May Read More »
(Refiles to amend pronoun in paragraph 5 in story dated July 18) LONDON (Reuters) -Raw sugar futures on the ICE exchange headed back towards recent two week highs on Tuesday as worries over the negative impact on yields caused the El Nino weather phenomenon returned to the fore. SUGAR * October raw sugar rose 0.6% …
Raw sugar heads back up as supply worries dominate Read More »
By Herbert Lash NEW YORK (Reuters) – The dollar rebounded off a 15-month low and global stock markets rose on Tuesday as upbeat earnings on Wall Street and retail sales pointing to a resilient U.S. economy sealed expectations that the Federal Reserve will hike interest rates next week. Bank of America posted a 20% surge …
Global shares rise, dollar rebounds as Fed seen on target for rate hike Read More »
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar rose from a 15-month low against a basket of currencies on Tuesday after core retail sales saw strong gains in June, as investors wait on the Federal Reserve’s interest rate decision next week. Headline U.S. retail sales rose less than expected in June, with a …
Dollar bounces from 15-month low on strong core U.S. retail sales Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed more than 1% on Tuesday after China said it will act to support economic growth in the world’s biggest oil importer and on expectations the U.S. Federal Reserve will stop raising interest rates soon and a forecast decline in U.S. output. Brent futures rose $1.13, or …
Oil prices up on expected economic support in China, weaker US output Read More »
By Anait Miridzhanian HAMMANSKRAAL, South Africa (Reuters) – Swiss food company Nestle said on Tuesday it would be locally sourcing over 40% of raw materials for a new processing plant in South Africa to offset supply chain challenges and cut costs. Nestle opened a processing unit for its coffee brand Nescafe on Tuesday at its …
Nestle increases local sourcing in South Africa with new processing plant Read More »
