India’s largest state-owned refiners have sharply increased purchases of crude oil from West Africa and the Middle East in a notable shift away from Russian supplies as New Delhi seeks to strengthen its negotiating position with Washington on a potential trade deal, industry sources say. Indian Oil Corporation has bought six million barrels of crude…
The South African rand began the trading week firmer on Monday, gaining against the US dollar as key commodity prices recovered and the greenback eased. South Africa’s rand gained 0.5% against the US dollar on Monday, supported by higher gold and platinum prices. Gold climbed above $5,000 an ounce, boosting demand for commodity-linked currencies. A…
As African countries stare down the barrel of potentially tougher global financial conditions in 2026, access to foreign exchange (FX), especially considering the debacle of the gold market, presents a very interesting challenge. African nations are preparing for more stringent global financial conditions expected in 2026, emphasizing the critical need for foreign exchange (FX) accessibility.…
