Markets

South African rand jumps as markets ponder US tariffs

A person counts South African RandsJOHANNESBURG – South Africa’s rand gained on Monday as investors awaited clarity on the next round of tariffs from U.S. President Donald Trump.At 1413 GMT,…

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Russian central bank sees chance of prolonged low oil price cycle

Fears that oil prices could collapse to 1980s levelsMOSCOW – Russia’s central bank has warned the Kremlin’s policymakers the United States and OPEC have the capacity to flood the oil market and cause a…

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Eswatini listed in African countries doing well in intra-African trade 

Intra Africa Trade By Delisa Thwala Intra-African trade fosters regional integration by fostering collaboration among African countries, resulting in the creation of common infrastructure, harmonized rules, and the removal of trade obstacles.The Kingdom…

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Stocks waver in lead up to data deluge; CPI in focus

FILE PHOTO: The Nasdaq Market site is seen in New York City, U.S., March 26, 2024. REUTERS/Brendan McDermid/File PhotoBy Shubham Batra and Shashwat ChauhanU.S. stocks struggled for direction on Monday as investors braced…

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Euro zone investor morale drops, breaking streak of gains in “setback”

An illustration showing EurosFRANKFURT – Investor morale in the eurozone broke an eight-month streak of improvements with a bigger-than-expected decline in July, a survey showed on Monday, describing the results…

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World stocks at record high, UK Labour landslide and US payrolls hog spotlight

FILE PHOTO: A man walks past the London Stock Exchange in the City of London October 11, 2013.REUTERS/Stefan Wermuth//File PhotoBy Dhara RanasingheLONDON – World equity markets touched fresh record highs with…

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Brent crude trades above $87, sets highest levels since April

FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File PhotoBy Nia WilliamsOil prices for…

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South African rand edges lower as cabinet announcement nears

FILE PHOTO: A street money changer counts South African Rands in Harare, Zimbabwe, May 5, 2016. REUTERS/Philimon BulawayoJOHANNESBURG – The South African rand edged lower on Wednesday, as an announcement…

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China’s March factory activity expands for first time in six months

factory workersSHENZHEN, China – China’s manufacturing activity expanded for the first time in six months in March, an official factory survey showed on Sunday, offering relief to policymakers even as…

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Oil rises as heightened geopolitical risks exacerbate supply concerns

Brent crude futures had climbed 24 cents, or 0.3%, to $85.67 a barrel. Picture: ReutersBy Yuka ObayashiTOKYO – Oil prices rose in early Asian trading on Monday on concerns over…

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