Reuters Africa Business

JOHANNESBURG (Reuters) -The South African rand was steady on Thursday, while investors awaited news on whether the United States’ flagship trade initiative with Africa, which expired on Tuesday, will be renewed. They were also weighing how long the U.S. government shutdown will last, its effect on economic data releases, and how that will play into …

South African rand steady as traders await updates on AGOA, US government shutdown Read More »

(Corrects paragraph 4 to say ‘scale down’ instead of reducing shifts from three to two, after company issues correction) By Nqobile Dludla GQEBERHA, South Africa (Reuters) -The South African arm of Ford Motor has attributed the planned retrenchments to lower European orders for its Ranger pickup truck, driven by recent tax changes in the UK …

Ford retrenchments in South Africa tied to UK tax shift, lower volumes Read More »

By Scott DiSavino NEW YORK (Reuters) -Oil prices slid for a third day in a row to a 16-week low on Wednesday as a U.S. government shutdown fed worries about the global economy, while traders expected more oil supply to come on the market with a planned output boost by OPEC+ next month. Brent crude …

Oil slumps to 16-week low on U.S. shutdown and possible OPEC+ plans Read More »

By Samuel Indyk and Koh Gui Qing NEW YORK/LONDON (Reuters) -U.S. stocks and the dollar treaded water in choppy trade on Wednesday, while gold struck a record high as the U.S. government shut down much of its operations, delaying the release of crucial jobs data which could muddy the interest rate outlook. U.S. private payrolls …

Stocks mixed, gold hits record as US government shuts down Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar slid to two-week lows against the yen on Wednesday after data showed private-sector jobs in the world’s largest economy contracted last month, boosting expectations the Federal Reserve will cut interest rates two more times this year. Against the euro and sterling, the dollar fell to one-week …

US dollar sags after poor jobs data, government shutdown fuels caution Read More »