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By Stephen Culp NEW YORK (Reuters) – Wall Street stumbled to a close Thursday, ending nearly flat after an earlier rally ran out of steam late in the session as investors continued to parse the Federal Reserve’s hawkish outlook. Benchmark U.S. Treasury yields hit their highest level since May, crude prices dipped and gold advanced …

Wall Street ends mixed, Treasury yields rise as markets mull Fed’s slowdown signal Read More »

JOHANNESBURG (Reuters) -South Africa’s rand slipped on Thursday, a day after the Federal Reserve struck a hawkish tone on interest rate cuts in the coming year. At 1510 GMT, the rand traded at 18.37 against the dollar, about 0.3% weaker than its previous close. The U.S. central bank cut interest rates on Wednesday, but Fed …

South African rand falls on hawkish Fed outlook Read More »

(Reuters) -South African miner Sibanye Stillwater has struck a $500 million streaming agreement with Franco-Nevada Corp, Sibanye said on Thursday, as it seeks to boost its finances after a slump in platinum group metal (PGM) prices. Sibanye has said it will pursue metals streaming and prepayment arrangements, which involve selling future metals production in return …

Sibanye raises $500 million via metals streaming deal with Franco-Nevada Read More »

By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar advanced against its peers on Wednesday, hitting its highest level in two years, after the Federal Reserve delivered a widely expected interest rate cut while also indicating it would slow the pace of its monetary policy easing cycle. The Fed lowered its benchmark policy rate by …

Dollar index hits two-year high after Fed delivers rate cut Read More »

By Divya Rajagopal and Vallari Srivastava (Reuters) -Canadian miner Barrick Gold said on Wednesday it had submitted an arbitration request to the International Centre for Settlement of Investment Disputes, to settle a disagreement with Mali over its Loulo-Gounkoto gold mine complex. Barrick, the world’s second-largest gold miner based on production, and the Mali junta have …

Barrick Gold seeks arbitration over Mali gold mine dispute Read More »

By Elisha Bala-Gbogbo ABUJA (Reuters) -Shell has received approval from Nigeria’s oil minister for the sale of $2.4 billion in onshore and shallow-water assets to Renaissance Group, Renaissance said in a statement on Wednesday. The approval marks the end of Shell’s nearly a century of operations in Nigerian onshore oil and gas and is part …

Nigeria approves Shell’s $2.4 billion asset sale to Renaissance Read More »