South Africa’s unemployment rate rose for the second quarter in a row to 32.9% in the first three months of this year, data showed on Tuesday, two weeks before the governing African National Congress faces its toughest election yet.
The U.S. dollar steadied Tuesday, largely drifting ahead of the release of key inflation data that are likely to factor into the outlook for interest rates.
Oil prices edged slightly lower Tuesday, handing back some of the previous session’s gains in cautious trade ahead of key U.S. inflation data, while OPEC+ kept its demand and supply forecasts unchanged.
Bitcoin is showing the potential for a significant recovery, driven by recent ETF activities and price stabilization. According to SoSoValue, the Hong Kong Bitcoin Spot ETF saw a net redemption of 519.5 Bitcoins on May 13, bringing the total number of Bitcoins held to 3,560. This ETF has experienced net redemptions for three consecutive days, with…
The best performers of the session on the Tadawul All Share were Al-Jouf Agriculture Development Co (TADAWUL:6070), which rose 7.58% or 4.70 points to trade at 66.70 at the close. Meanwhile, Basic Chemical Industries Co (TADAWUL:1210) added 5.36% or 1.85 points to end at 36.35 and AL-BABTAIN POWER &TELECOM CO (TADAWUL:2320) was up 3.91% or 1.75 points…
