JOHANNESBURG (Reuters) -South Africa’s rand recovered some losses on Friday after a slight improvement in risk sentiment. At 1406 GMT, the rand traded at 18.355 against the dollar, about 0.3% stronger than its previous close. Trade in the rand, like most emerging market currencies, has been volatile this week after the U.S. Federal Reserve on …
South African rand recovers some ground against dollar Read More »
NAIROBI (Reuters) – Kenya’s shilling gained slight ground against the dollar on Friday amid slow activity, traders said. At 0746 GMT, commercial banks quoted the shilling at 128.50/129.50 per dollar, compared with Thursday’s close of 129.00/130.00. (Reporting by George Obulutsa, Editing by Bhargav Acharya)
By Chibuike Oguh, Harry Robertson and Rae Wee NEW YORK/LONDON/SINGAPORE (Reuters) -The dollar hovered near its two-year high on Thursday after the Federal Reserve cut interest rates and signaled a much slower monetary policy easing trajectory in 2025, while the yen weakened against the greenback after the Bank of Japan held rates steady. The dollar …
Dollar strengthens as market digests Fed’s hawkish cut Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -Eskom expects to report a full-year profit of more than 10 billion rand ($546 million), its first profit in eight years, thanks to operational stability and government’s debt relief package, its CEO said as the power utility reported a wider loss on Thursday. Eskom Chief Executive Officer Dan Marokane told …
South Africa’s Eskom expects to turn profitable in 2025 after wider $3 billion loss Read More »
By Shariq Khan NEW YORK (Reuters) -Oil prices fell on Thursday after central bankers in the U.S. and Europe signaled caution over further easing of monetary policy, fanning concerns that weak economic activity could dent demand for oil next year. Brent crude futures fell by 51 cents, or 0.7%, to settle at $72.88 a barrel. …
Oil drops as dour economic outlook adds to oversupply concerns Read More »
BOGOTA (Reuters) -Colombia’s government has set its spending budget for 2025 at 511 trillion pesos ($117.2 billion) according to a decree signed by Finance Minister Diego Guevara that was published on Thursday. The amount was lower than a previously planned 523 trillion pesos after Colombia’s Congress this month rejected a fiscal reform that the government …
Colombia government sets budget by decree for first time in over 20 years Read More »
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 …
(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 »
NAIROBI (Reuters) – The Kenyan shilling was steady on Thursday, with inflows from remittances matching importer demand for dollars, traders said. At 0716 GMT, commercial banks quoted the shilling at 129.00/129.50 per dollar, the same level as Wednesday’s close. (Reporting by George Obulutsa; Editing by Alexander Winning)
