By Mia Gindis, Bloomberg Oil market participants are increasingly pricing crude to be capped near $100 a barrel over …
Oil rose as Iran said it wouldn’t soften its conditions to reopen the Strait of Hormuz after President Donald Trump rejected its proposal to do so, dashing hopes of a speedy resumption of traffic …
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International News
South Africa’s inflation hits 4% as fuel shock bites
by Staff Writerby Staff WriterBy Ntando Thukwana, Bloomberg South African annual inflation accelerated to the highest level in 20 months in April, driven …
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International News
New blocs, new capital: Why Africa could gain in a fractured world
by Staff Writerby Staff WriterBy Liesl Peyper The Middle East is playing a growing role in funding Africa, reflecting changing trade and …
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By Greg Ritchie, Bloomberg Yields on the US Treasury’s longest-dated bond rose to the highest level in almost two …
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International News
South Africa’s Pick n Pay raises $282 million from Boxer stake sale to fuel turnaround
by Staff Writerby Staff WriterSouth African retail giant Pick n Pay has raised about 4.7 billion rand ($282 million) after selling part …
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International News
Botswana, Angola join World Federation of Diamond Bourses
by Staff Writerby Staff WriterTHE governments of Botswana and Angola have become affiliated members of the World Federation of Diamond Bourses (WFDB) …
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International News
Gulf shipping standoff hits Africa’s most vulnerable farmers
by Staff Writerby Staff WriterBy Antony Sguazzin, Emele Onu and Katarina Hoije, Bloomberg Landlocked and surrounded by richer, more powerful neighbours, Malawi has …
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International News
Winners and losers from Trump and Xi’s two-day Beijing summit
by Staff Writerby Staff WriterBy Jeff Mason and Skylar Woodhouse, Bloomberg Donald Trump got the pageantry he craved during his trip to China. …
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By Mbongeni Mguni, Bloomberg Botswana became the first African central bank to raise interest rates after the Iran war …
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International News
Zambia cuts rates as inflation eases, bucks global pause
by Staff Writerby Staff WriterBy Taonga Mitimingi, Bloomberg Zambia’s central bank extended its easing cycle as inflation is projected to cool further, even …