South African rand recoups some losses after US jobs data, stocks fall on tariff concerns

JOHANNESBURG, August 1 (Reuters) -The South African rand gained against a softer dollar after the United States reported weaker-than-expected jobs data, but stocks on the local bourse fell sharply as traders mulled the impact of higher tariffs on the country after it failed to clinch a trade agreement with Washington. At 1604 GMT, the rand …

South African rand recoups some losses after US jobs data, stocks fall on tariff concerns Read More »

UK’s Spectris ditches KKR in favour of Advent’s sweetened $6.4 billion offer

(Reuters) -British scientific instruments maker Spectris <SXS.L> has agreed to private equity firm Advent’s sweetened takeover offer worth 4.8 billion pounds ($6.38 billion), including debt, as the battle for Britain’s biggest takeover target of the year heats up. Shares in the London-headquartered company closed up 2.2% at 4,078 pence, a near four-year high. They have …

UK’s Spectris ditches KKR in favour of Advent’s sweetened $6.4 billion offer Read More »

Turkey, Italy and Libya leaders discuss Mediterranean migration route, cooperation

ANKARA (Reuters) -The migration route from Libya across the Mediterranean, used by thousands seeking a way to get to Europe, was a top issue at a meeting on Friday between the leaders of Turkey, Italy and Libya in Istanbul, Turkey’s presidency said. President Tayyip Erdogan met Italian Prime Minister Giorgia Meloni and Libyan Prime Minister …

Turkey, Italy and Libya leaders discuss Mediterranean migration route, cooperation Read More »

South Africa’s finance minister and central bank governor at odds over inflation target

By Colleen Goko JOHANNESBURG (Reuters) -The South African central bank’s decision to lower its inflation target on Thursday without the sign-off of the finance ministry has raised questions among investors about policymaking cohesion in Africa’s largest economy. South African Reserve Bank Governor Lesetja Kganyago and Finance Minister Enoch Godongwana rarely disagree in public, but they have …

South Africa’s finance minister and central bank governor at odds over inflation target Read More »

European shares log biggest daily drop since April after US tariffs hike

By Twesha Dikshit and Johann M Cherian (Reuters) -European stocks logged their biggest one-day drop in over three months on Friday, at the end of a busy week as investors grappled with the repercussions of fresh U.S. levies on dozens of countries, including a 39% tariff on Switzerland. Investors shunned riskier equities globally as Trump …

European shares log biggest daily drop since April after US tariffs hike Read More »

Explainer-Does Britain face another multi-billion-pound consumer finance scandal?

By Sinead Cruise and Iain Withers LONDON (Reuters) -Britain’s Supreme Court will make a landmark ruling on Friday on car finance commissions that could lead to consumer claims of billions of pounds in compensation from banks and other finance firms. The judgment is expected after financial markets close in London on Friday. The Supreme Court …

Explainer-Does Britain face another multi-billion-pound consumer finance scandal? Read More »

Exportaciones de petróleo venezolano de Chevron se reanudarían este mes, dice CEO

HOUSTON, 1 ago (Reuters) – Chevron espera que las exportaciones de petróleo venezolano a Estados Unidos se reanuden en agosto, dijo el viernes su CEO, tras recibir esta semana una licencia restringida del Departamento del Tesoro Unidos para operar en el país y realizar intercambios de crudo. Mike Wirth destacó en una conferencia para dar …

Exportaciones de petróleo venezolano de Chevron se reanudarían este mes, dice CEO Read More »

Sovecon recorta previsión de la cosecha rusa de trigo para 2025 a 83,3 millones toneladas

MOSCÚ, 1 ago (Reuters) – La consultora Sovecon dijo el viernes que rebajó su pronóstico para la cosecha de trigo de Rusia en 2025 a 83,3 millones de toneladas métricas desde la estimación anterior de 83,6 millones, debido a rendimientos más débiles de lo esperado en el sur del país. La cosecha en el sur …

Sovecon recorta previsión de la cosecha rusa de trigo para 2025 a 83,3 millones toneladas Read More »