By Karen Brettell NEW YORK (Reuters) – The dollar fell Tuesday after data showed that U.S. job openings fell in March, a day before the Federal Reserve is expected to hike interest rates by an additional 25 basis points. U.S. job openings fell for a third straight month and layoffs increased to the highest level …
Dollar dips as job openings fall, Fed meeting in focus Read More »
JOHANNESBURG (Reuters) – South Africa’s rand slipped on Tuesday, with market attention this week likely to hinge on a local purchasing managers’ index (PMI) survey and a U.S. Federal Reserve interest rate meeting. At 1525 GMT, the rand traded at 18.4925 against the dollar, around 0.56% weaker than its previous close. The U.S. currency was …
South African rand slips with focus on local PMI, Fed this week Read More »
(Reuters) – South Africa’s Harmony Gold on Tuesday reported a fatality at its Kusasalethu mine, 90 kilometres west of Johannesburg. The company said the accident occurred on April 30 and that it had temporarily ceased work in the affected section, pending an internal investigation. This is the sixth fatality reported in Harmony’s current financial year, …
S.Africa’s Harmony Gold reports fatality at Kusasalethu mine Read More »
By Chris Mfula LUSAKA (Reuters) – Zambia’s economy is projected to expand 4.2% in 2023, Secretary to the Treasury Felix Nkulukusa said on Tuesday, with growth dipping compared to last year as the southern African country battles to wrap up a long-delayed debt restructuring. Preliminary data indicated that the economy grew by 4.7% in 2022, …
Zambia’s GDP forecast to grow 4.2% in 2023 -finance ministry Read More »
(Reuters) – South Africa’s Impala Platinum on Tuesday reported a 10% decline in third quarter refined platinum group metal (PGM) output, as reduced smelter availability and intensified power cuts hit production. A power crisis caused by the frequent breakdown of aged coal-fired generation plants in South Africa, the world’s top PGM producer, is expected to …
S.Africa’s Impala Platinum Q3 refined output down 10% amid power crisis Read More »
JOHANNESBURG (Reuters) – South African manufacturing activity contracted again in April but less than in February and March, helped by companies building up inventories, a survey showed on Tuesday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 49.8 points in April from 48.1 in March, staying below the 50 point mark that separates expansion …
South African factory activity contracts less in April – Absa PMI Read More »
WASHINGTON (Reuters) – The World Bank’s 25-member executive board is set to vote on the U.S. nominee to run the World Bank, Ajay Banga, on Wednesday after completing a four-hour interview with the ex-Mastercard CEO on Monday, sources familiar with the process said. Banga, 63, the sole contender to replace departing president David Malpass, is …
US World Bank nominee Banga set for vote on Wednesday after 4-hour interview Read More »
By Sinéad Carew (Reuters) – Wall Street indexes closed slightly lower and the dollar gained with Treasury yields as investors digested Monday’s data and waited for the U.S. Federal Reserve’s interest rate decision due on Wednesday as well as key upcoming economic data and quarterly earnings reports. Crude oil prices were lower as weak economic …
Wall St stocks end lower, dollar gains after data; Fed, earnings in the wings Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar rose to an almost two-week high against a basket of currencies on Monday before the Federal Reserve is expected to hike interest rates by an additional 25 basis points and after data showed that U.S. manufacturing pulled off a three-year low in April. Investors will focus …
By Shariq Khan BENGALURU (Reuters) – Oil prices dropped by a dollar a barrel on Monday after weak economic data from China and expectations of another U.S. interest rate hike outweighed support from OPEC+ supply cuts that take effect this month. Brent crude fell $1.02, or 1.3%, to settle at $78.45 a barrel, while U.S. …
Oil drops 1% as economic growth concerns offset OPEC+ cuts Read More »
