Subscribe now Oil prices fell on Wednesday as demand fears stemming from macroeconomic headwinds offset Saudi Arabia’s announcement that it will continue to cut crude output until the end of 2023.Brent crude oil futures were down 58c, or 0.64%, to $90.34 a barrel at 8.41am GMT, while West Texas Intermediate (WTI) fell 66c, or 0.74%, to $88.57.Both contracts traded more than $1 lower than Tuesday’s settlement price at their intraday low on Wednesday, with Brent falling to $89.83 a barrel, and WTI to $88.11.“Oil prices are resuming their decline amid concerns over high interest rates for...…Subscribe now Oil prices fell on Wednesday as demand fears stemming from macroeconomic headwinds offset Saudi Arabia’s announcement that it will continue to cut crude output until the end of 2023.Brent crude oil futures were down 58c, or 0.64%, to $90.34 a barrel at 8.41am GMT, while West Texas Intermediate (WTI) fell 66c, or 0.74%, to $88.57.Both contracts traded more than $1 lower than Tuesday’s settlement price at their intraday low on Wednesday, with Brent falling to $89.83 a barrel, and WTI to $88.11.“Oil prices are resuming their decline amid concerns over high interest rates for...WW…

Subscribe now London/Singapore — Stocks fell on Wednesday as an ongoing rout in global bond markets saw US bond yields reach 16-year highs, challenging equity valuations and souring appetite for risk assets as investors bet interest rates will remain persistently high.European stocks tumbled as much as 0.6% before clawing back some ground, with indices in France and Germany both posting losses. The moves came after Asian shares sank to 11-month lows.The pain was set to spread to Wall Street, where S&P 500 futures traded down 0.5%.The spike in treasury yields lifted the dollar to new...…Subscribe now London/Singapore — Stocks fell on Wednesday as an ongoing rout in global bond markets saw US bond yields reach 16-year highs, challenging equity valuations and souring appetite for risk assets as investors bet interest rates will remain persistently high.European stocks tumbled as much as 0.6% before clawing back some ground, with indices in France and Germany both posting losses. The moves came after Asian shares sank to 11-month lows.The pain was set to spread to Wall Street, where S&P 500 futures traded down 0.5%.The spike in treasury yields lifted the dollar to new...WW…

B Premium The JSE extended the previous session’s losses on Wednesday, with global markets tracking the US’s weaker close as rising US treasury yields weighed on stocks.The 10-year treasury yields reached the highest level since August 2007 after the August Job Openings and Labor Turnover Survey (JOLTS) signalled the jobs market is still tight... Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only). There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers....…B Premium The JSE extended the previous session’s losses on Wednesday, with global markets tracking the US’s weaker close as rising US treasury yields weighed on stocks.The 10-year treasury yields reached the highest level since August 2007 after the August Job Openings and Labor Turnover Survey (JOLTS) signalled the jobs market is still tight... Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only). There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers....WW…

Subscribe now Spot gold eased 0.1% to $1,820.70 per ounce by 3.32am GMT, while US gold futures dropped 0.3% to $1,836.20.Prices fell for a seventh consecutive session on Tuesday to touch their lowest levels since March at $1,813.90, as the US dollar strengthened on data showing US job openings unexpectedly increased in August.The unexpected rise in August US job openings highlights the durability of labour demand, NAB Resources said, adding that gold continues to decline on the higher-for-longer Federal Reserve rates outlook, strengthening US bond yields and dollar.US treasury secretary...…Subscribe now Spot gold eased 0.1% to $1,820.70 per ounce by 3.32am GMT, while US gold futures dropped 0.3% to $1,836.20.Prices fell for a seventh consecutive session on Tuesday to touch their lowest levels since March at $1,813.90, as the US dollar strengthened on data showing US job openings unexpectedly increased in August.The unexpected rise in August US job openings highlights the durability of labour demand, NAB Resources said, adding that gold continues to decline on the higher-for-longer Federal Reserve rates outlook, strengthening US bond yields and dollar.US treasury secretary...WW…

B Premium It’s been a brutal week in the Cape winelands, with torrential rainfall over the Heritage Day long weekend spawning some of the most frightening flood events in recent memory. While the entire Cape Peninsula took a pounding, the worst hit areas appear to be Franschhoek, the Hemel-en-Aarde and Elgin valleys, and the regions surrounding the Breede River (Robertson and Bonnievale). Over and above the loss of life and the destruction of infrastructure (no bridges remain over the Onrus River), the damage to vineyards and orchards has been extensive. .. Support BusinessLIVE’s...…B Premium It’s been a brutal week in the Cape winelands, with torrential rainfall over the Heritage Day long weekend spawning some of the most frightening flood events in recent memory. While the entire Cape Peninsula took a pounding, the worst hit areas appear to be Franschhoek, the Hemel-en-Aarde and Elgin valleys, and the regions surrounding the Breede River (Robertson and Bonnievale). Over and above the loss of life and the destruction of infrastructure (no bridges remain over the Onrus River), the damage to vineyards and orchards has been extensive. .. Support BusinessLIVE’s...WW…