US crude stocks fell 7.1-million barrels in the week to August 12, Energy Information Administration data shows
Allowing grey goods to masquerade as the real thing will be damaging on an international level
Labour federation hopes national strike will bring economy to a standstill so government has to acknowledge the socioeconomic crisis facing SA
The party’s internal leadership contest in December is expected to gain momentum once the the nomination process kicks off
Mudiwa Gavaza speaks to Chanel Hardman, country director for SA at SHAREit
The rand will continue to lose value if we don't adopt policies that create a superior emerging market with a far lower risk premium
The claim by Sars that it costs the country R31bn is wrong — the real cost is about R4bn a year
‘I am speechless. It is not the obvious thing to do at all,’ says analyst
RB Leipzig face a tough challenge in Saturday’s Bundesliga game against in-form Union Berlin
Plus the brand has another new model in the Bentley Flying Spur Mulliner Blackline
The rand was weaker against the dollar on Thursday afternoon, but off its worst intraday levels, as the rampant dollar gave back some of its earlier gains against the euro.
The euro weakened below $1.15, its softest level in two months, as US bond yields rose. The US 10-year peaked at 3.2245%, its highest level since July 2011, benefiting the dollar.
“The spike in US treasury yields has driven demand for the greenback, which is back near last month’s peak, mostly, it would appear, at the expense of emerging-market currencies — again — and the yen,” Oanda analyst Craig Erlam said.
Investor confidence in both the health of the US economy and the US Federal Reserve's steadfastness in its forward guidance received a further boost on Wednesday, when the central bank's chair, Jerome Powell, said that the nation’s economy was experiencing “a remarkably positive set of economic circumstances”. He added that he saw little risk of the current economic expansion being knocked off course.
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