South African fuel prices are set for significant hikes in September, with diesel users facing the steepest increases amid rising oil prices and rand fluctuations.
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Markets fall again and oil rises on Middle East, Fed fears
Asian markets fell and oil prices extended gains Friday on worries that an expected ground invasion of Gaza by Israel will spark a wider conflict in the Middle East. The likelihood of a Middle East war has sent oil prices surging and both contracts extended the week's gains Friday, rising almost one percent in Asian trade.
US inflation is 'still too high': Fed Chair Powell
US inflation is "still too high" despite a recent slowdown, Federal Reserve Chair Jerome Powell said Thursday, leaving the door open for a new interest rate hike. The Fed recently slowed its aggressive campaign of monetary tightening which lifted its benchmark lending rate to a 22-year high, as it looks to slow down inflation without pushing the US economy into recession.
US home sales dip in September to lowest rate since 2010
US home sales slid further in September to the lowest rate in 13 years, according to industry data released Thursday, with interest rates high and the supply of properties limited. From a year ago, home sales in September were around 15 percent lower.
Putin praises 'unprecedented' energy ties with China
Russian President Vladimir Putin hailed Thursday the "unprecedented" energy links between Moscow and Beijing despite failing to secure a much-sought agreement on a major new gas pipeline. The head of the Russian gas company Gazprom, Alexei Miller, hailed on Thursday a 46.6 percent increase in exports through the existing "Power of Siberia" pipeline so far this year.
A beacon of hope: Minister Stella Ndabeni-Abrahams promotes government support of entrepreneurs
Minister Stella Ndabeni-Abrahams' inspiring call to action serves as a beacon of hope, motivating small businesses to harness government support and opportunities.
Country Garden denies founder flees China as default looms
Chinese property giant Country Garden denied Thursday its founder and chairwoman had fled the country, as the debt-saddled builder flirts with a default that could send shockwaves through the industry. But her company is now on the frontlines of China's property crisis that has seen a string of debt-laden builders either defaulting or threatening to do so.
Country Garden denies founder, chairwoman have fled China
Chinese property giant Country Garden denied Thursday its founder and chairwoman had fled the country, as the debt-saddled builder flirts with a default that could send shockwaves through the industry. But her company is now on the frontlines of China's property crisis that has seen a string of debt-laden builders either defaulting or threatening to do so.
Amazon to expand drone delivery into Britain and Italy
Amazon said it hopes to expand drone delivery into Britain and Italy by late next year, as it unveiled new warehouse robots and tech in its race to get shoppers.
Markets in retreat on growing fears of Middle East war
Asian markets tumbled Thursday on fears the Israel-Hamas crisis would spill over into a wider conflict in the Middle East, with some warning that a full-blown war was increasingly likely. "The window for a diplomatic off-ramp to avert a wider war in the Middle East appears to be closing," said RBC Capital Markets' Helima Croft.
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