Joe Bavier

Johannesburg

Africa Business Correspondent at Reuters

@Reuters Africa Business Correspondent based in Joburg. Views here are mine alone. Get in touch! [email protected]

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Articles

Dollar Back Under Pressure, Safe Havens Outperform

1 week ago | gurutrade.com | Tom Westbrook |Shri Navaratnam |Jacqueline Wong |Joe Bavier

Yen climbs into U.S.-Japan trade talks Swiss franc continues to post gains on dollar Bank of Canada meeting eyed, 40% chance of a rate cut SINGAPORE/LONDON, April 16 (Reuters) - The dollar resumed its descent on Wednesday, dropping across the board and losing the most ground to the Swiss franc and the euro as a new bout of tariff-induced nerves gripped markets.
KKR acquires German IT firm Datagroup for around $500 million

1 week ago | today.westlaw.com | Emma-Victoria Farr |Janaki Venugopalan |Mohammed Shamsi |Joe Bavier

FRANKFURT (Reuters) -U.S.-based private equity firm KKR has reached a deal with Frankfurt-listed Datagroup to buy the firm in an all-cash transaction that values it at about 450 million euros ($508 million), the IT services provider said on Tuesday....
BASF sues Berkshire's Duracell for allegedly stealing battery secrets

2 weeks ago | today.westlaw.com | Jonathan Stempel |Joe Bavier

(Reuters) - Duracell, the battery maker owned by Warren Buffett's Berkshire Hathaway, has been sued by BASF for allegedly stealing trade secrets related to the German chemical company's lithium ion battery technology, court documents showed.
EU markets watchdog warns of crypto-related financial stability risks

2 weeks ago | today.westlaw.com | Tommy Wilkes |Joe Bavier

PARIS (Reuters) - The European Union's securities watchdog warned on Tuesday that problems in the cryptocurrency industry could pose risks to broader financial stability in future, as the sector grows and as ties between it and traditional financial...
South African Rand Hits Lowest in over a Year, Stocks Slide

2 weeks ago | gurutrade.com | Sfundo Parakozov |Alexander Winning |Joe Bavier

JOHANNESBURG, April 7 (Reuters) - The South African rand slumped to its weakest in well over a year on Monday and local stocks extended their recent slide as global recession fears mounted over U.S. President Donald Trump's sweeping tariffs. At 0815 GMT, the rand traded at 19.4025 against the dollar , down 1.5% on Friday's closing level after earlier touching its weakest since October 2023.
US appeals court blocks Trump from removing Democrats from labor boards

2 weeks ago | today.westlaw.com | Chizu Nomiyama |Andrea Ricci |Jonathan Stempel |Joe Bavier

(Reuters) -A federal appeals court blocked U.S. President Donald Trump from removing Democratic members from two federal labor boards on Monday, setting aside its earlier ruling. The decision by the U.S. Court of Appeals for the District of Columbia...
Steep US tariffs on Africa signal end of trade deal meant to boost development

3 weeks ago | today.westlaw.com | Bhargav Acharya |MacDonald Dzirutwe |Nqobile Dludla |Joe Bavier

JOHANNESBURG/ANTANANARIVO (Reuters) - The U.S. government's imposition of steep tariffs on African nations signals the end of the AGOA trade deal, an initiative meant to help African economies develop through preferential access to U.S. markets,...
Senate committee may subpoena US Army for helicopter safety memo

3 weeks ago | today.westlaw.com | David Shepardson |Joe Bavier

WASHINGTON (Reuters) -The Senate Commerce Committee may subpoena the U.S. Army to obtain a report detailing why it routinely failed to use a safety system known as ADS-B on helicopter flights around Reagan Washington National Airport, its chair said...
Ghana Consumer Inflation Eases to 22.4% in March

3 weeks ago | gurutrade.com | Christian Akorlie |Bate Felix |Joe Bavier

ACCRA, April 2 (Reuters) - Ghana's annual consumer inflation slowed for a third straight month to 22.4% in March from 23.1% the previous month, as food price pressures eased, the statistics agency said on Wednesday. The easing of inflationary pressures is likely to be welcomed by Ghana's central bank, which last week surprised the market with a 100-basis-point interest rate hike to 28%, saying a tight monetary policy stance was needed to lower inflation.
South African Rand Falls on Budget Wrangling, Trump Tariffs

3 weeks ago | gurutrade.com | Sfundo Parakozov |Alexander Winning |Joe Bavier

JOHANNESBURG, April 2 (Reuters) - The South African rand fell in early trade on Wednesday as political wrangling over the country's contested budget continued and investors braced for U.S. President Donald Trump's tariff plans later in the day. At 0730 GMT, the rand traded at 18.57 against the dollar , roughly 0.3% weaker than its previous close.