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By Hannah Lang NEW YORK (Reuters) -The dollar was higher on Wednesday after U.S. price data came in line with forecasts, reinforcing expectations the U.S. Federal Reserve will cut interest rates next week.  The dollar was also boosted by a Reuters report China was considering allowing a weaker currency next year, which sent the yuan …

Dollar higher after CPI; China considers letting yuan weaken Read More »

By Georgina McCartney (Reuters) -Oil prices settled more than $1 higher on Wednesday after the European Union agreed to an additional round of sanctions threatening Russian oil flows that could tighten global crude supplies. Brent crude futures settled up $1.33, or 1.84%, to $73.52 a barrel. U.S. West Texas Intermediate crude futures rose $1.70, or …

Oil settles up $1 as EU agrees further sanctions threatening Russian oil flows Read More »

By Isaac Anyaogu LAGOS (Reuters) – Nigeria’s national power grid is prone to frequent collapses, with the resulting power shortages proving an obstacle to economic growth and investment in Africa’s most populous nation. The World Bank estimates that the Nigerian economy loses $29 billion a year due to its unstable power supply, which causes electricity …

Explainer-Why Nigeria’s power grid is failing Read More »

JOHANNESBURG (Reuters) -South Africa’s rand strengthened on Wednesday after a domestic inflation reading was better than expected and U.S. price data reinforced bets that the U.S. Federal Reserve will cut interest rates next week. At 1525 GMT, the rand traded at 17.74 against the U.S. dollar, about 0.4% stronger than its previous close. South Africa’s …

South African rand firms after local, US inflation data Read More »

By David Lewis, Melanie Burton and Portia Crowe (Reuters) – The arrest of mining executives in Mali, threats by Burkina Faso’s junta to strip permits and the seizure of a French-run uranium site in Niger have unsettled Western miners operating in West Africa and could limit further investments. Day-to-day production in Mali and Burkina Faso …

Analysis-Mali arrests, Niger site seizure rattle Western miners Read More »

By Tannur Anders JOHANNESBURG (Reuters) -South Africa’s inflation rate rose less than expected in November, staying just below the central bank’s target range thanks to food inflation slowing to its lowest level in almost 14 years. Headline consumer inflation was 2.9% year on year in November from 2.8% in October. In month-on-month terms, inflation was …

South Africa inflation rises less than expected, helped by food Read More »

By Chris Prentice, Pete Schroeder NEW YORK (Reuters) -Global equities retreated and the dollar rose on Tuesday as investors awaited fresh inflation data and further economic news later in the week. Gold prices hit a two-week high, boosted by rising geopolitical tensions and expectations of a third U.S. rate cut by the Federal Reserve next …

Global shares fall, dollar climbs ahead of inflation report Read More »

By Erwin Seba HOUSTON (Reuters) -Oil prices rose on Tuesday as markets looked to rising demand in China, the world’s largest buyer, and possible tight supply in Europe this coming winter and away from the overthrow of Syria’s president. Brent crude futures settled at $72.19 a barrel, up 5 cents or 0.07%. U.S. West Texas …

Oil prices rise on China stimulus, possible tight supply in Europe Read More »