JOHANNESBURG (Reuters) -South Africa’s rand edged higher on Tuesday as markets digested U.S. President Donald Trump’s changing tariff stance. At 1518 GMT, the rand traded at 18.68 against the dollar, about 0.2% stronger than Monday’s close. The dollar last traded about 0.4% weaker against a basket of currencies. Trump on Monday suspended his threat of …
South African rand firms after change in Trump’s tariff stance Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank on Tuesday stressed that cooling economic activity is crucial for bringing inflation to target, while labeling the unanchoring of inflation expectations and an overheating economy as “highly relevant” inflationary risks. “The aggregate demand slowdown is an essential element of the supply-demand rebalancing process in the economy and …
Brazil’s central bank sees economic cooling as key, flags fiscal and FX risks Read More »
KAMPALA (Reuters) – The Ugandan shilling was steady on Tuesday, but it was expected to strengthen, helped by dollar inflows from gold and coffee exporters, traders said. At 0937 GMT, commercial banks quoted the shilling at 3,675/3,685, compared with Monday’s closing rate of 3,680/3,690. (Reporting by Elias Biryabarema; Editing by George Obulutsa)
By Nqobile Dludla CAPE TOWN (Reuters) – South African petrochemicals company Sasol, mining group Anglo American and its diamond business De Beers entered into a joint development agreement on Tuesday to pilot the production of renewable diesel from vegetable oil. Under the terms of the deal signed at the annual African Mining Indaba in Cape …
Sasol, Anglo American and De Beers to pilot renewable diesel in South Africa Read More »
NAIROBI (Reuters) – Kenya’s shilling gained slightly against the dollar on Tuesday, data from the London Stock Exchange Group showed. At 0658 GMT, the shilling traded at 128.85/129.35, compared with Monday’s closing rate of 129.00/129.50. (Reporting by George Obulutsa; Editing by Alexander Winning)
By Hannah Lang NEW YORK (Reuters) – The dollar index was lower on Monday after U.S. President Donald Trump paused new tariffs on Mexico for one month, after the country agreed to reinforce its northern border with 10,000 National Guard members to stem the flow of illegal drugs, Trump said. Mexico and the U.S. will …
Dollar lower after U.S. tariffs on Mexico paused for a month Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices edged up in volatile trade on Monday but closed at a one-month low on the expiration of a higher-priced contract, as the market digested U.S. President Donald Trump’s planned imposition of tariffs on Canada, Mexico and China. Concerns over imports from two of the main crude suppliers …
Oil prices close at 1-month low as US pauses tariffs on Mexico Read More »
By Felix Njini and Clara Denina CAPE TOWN (Reuters) – Anglo American is working to maximise its value should any new M&A suitor come along and anticipates significant progress this year on a keenly-awaited spin-off of its De Beers diamond business, CEO Duncan Wanblad said on Monday. The London-listed miner in May rebuffed a $49 …
Anglo CEO pursues value as works on De Beers spin-off Read More »
By Camillus Eboh ABUJA (Reuters) – Nigeria’s upstream oil regulator said on Monday it would deny export permits for oil cargoes from producers who fail to meet their stipulated supply quota to local refineries, including the Dangote Refinery, Africa’s largest. Nigeria’s oil industry law, the Petroleum Industry Act, mandates oil producers, including international oil companies, …
Nigeria to block oil export permits for producers who do not fill refinery quotas Read More »
By Tannur Anders JOHANNESBURG (Reuters) -South Africa’s rand, stocks and government bonds slumped on Monday after U.S. President Donald Trump said he would suspend aid to the country. Trump said, without citing evidence, that “South Africa is confiscating land” and “certain classes of people” were being treated “very badly” on Sunday, adding that he would …
South African markets slump after Trump suspends US aid Read More »
