South African rand drops on news report of discord over cabinet posts
JOHANNESBURG (Reuters) -The South African rand fell sharply on Thursday as traders were spooked by a local media report that there was a major disagreement between the pro-business Democratic Alliance…
Exclusive-US Treasury, USAID call in development banks for urgent talks on extreme heat
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury and the U.S. Agency for International Development are calling leaders of multilateral development banks into an urgent meeting on extreme heat…
Morning Bid: US TV faceoff eyed, ailing yen steadies
A look at the day ahead in U.S. and global markets from Mike Dolan With a frenetic week of politicking ahead in the United States, France and Britain, world stock…
Oil edges higher as Middle East risks offset US demand concerns
By Noah Browning LONDON (Reuters) -Oil prices edged up on Thursday as supply disruption risks from rising geopolitical tensions in the Middle East helped to counter demand fears after a…
Canada’s Trans Mountain bets on last-minute oil shippers on high-cost pipeline
By Nia Williams (Reuters) – Canada’s Trans Mountain oil pipeline will rely heavily on last-minute shippers to turn a profit, the corporation’s financial projections show, clouding Ottawa’s efforts to sell…
Oil steady as US demand flags but Middle East risk mounts
By Noah Browning LONDON (Reuters) -Oil prices were largely steady on Thursday as a surprise build in U.S. stockpiles fuelled fears about slow demand from the world’s top oil consumer…
Turkey’s Simsek to speak at FATF watchdog meeting in Singapore, state media says
ISTANBUL (Reuters) – Turkish Finance Minister Mehmet Simsek will speak at Financial Action Task Force meeting in Singapore, Turkish state media said on Thursday, ahead of a decision by the…
Dollar consolidates ahead of key inflation release; yen nears intervention
Investing.com – The U.S. dollar edged lower in early European trade Thursday, handing back some of the previous session’s gains, while the Japanese yen fell into intervention territory. At 04:30…
Bruised yen mired near multi-decade low with eye on intervention
By Rae Wee SINGAPORE (Reuters) – The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for…
South African rand weakens as focus still on cabinet announcement
JOHANNESBURG (Reuters) – The South African rand was weaker in the early session on Thursday, as traders awaited more details on the composition of President Cyril Ramaphosa’s unity government cabinet,…
