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Benchmark oil for May delivery was down 33 cents.
The United States placed sanctions on an Iranian tycoon and a Malaysian bank that traded oil and laundered billions of dollars for Tehran.
The dollar turned softer in Asia on profit-taking, still short of the 100 yen level many traders are expecting following the Bank of Japan's renewed monetary easing campaign.
The cost of Cyprus' EU-IMF bailout has surged to €23 billion, putting the teetering economy in danger of collapse and further endangering big bank deposits.
The construction of the Medupi power station in Lephalale, Limpopo is on a "tight schedule" to deliver its first power by the end of the year, Eskom said.
The debt crisis is a serious challenge to Europe's 'social model' of a fair share for all, driving tensions to worrying levels as unpopular austerity measures bite deeper.
Asian markets mostly rose further Thursday following another record performance from Wall Street, while Tokyo hit fresh multi-year highs as the dollar approached the 100 yen mark.
Standard Chartered on Thursday said it issued a $807 million bond in the Chinese market - the largest yuan-denominated bond sale by a foreign bank in the country.
The country's central bank kept its key interest rate steady for a sixth straight month.
Eurozone and EU finance ministers meet from Friday in Dublin to put finishing touches on the Cyprus bailout.
International Monetary Fund chief Christine Lagarde on Wednesday called on European authorities to step up banking system reform, including closing some banks if necessary.
Global oil prices fell Wednesday as caution set into the market before the weekly US crude inventory report, while dealers also mulled Chinese trade data.
Cypriot hopes that by 2020 the island will be earning desperately needed revenue from gas exports to pay off its mountainous debt has met with scepticism from industry analysts
US aerospace giant Boeing has announced that it will invest more than $1 billion to expand operations in South Carolina.
Microsoft and Intel lead bourse to a record high.
European stock markets traded mixed on Tuesday, with early gains on upbeat Chinese economic data eroded by a weak opening on Wall Street.
Fast growing Africa could be a dominant force in the world's economic landscape for decades to come if the continent gets its act together.
Consumer confidence has slumped to the lowest level in almost a decade, according to the quarterly FNB/BER Consumer Confidence Index (CCI).
Asian markets mostly rose Tuesday, boosted by positive inflation data from China, but Tokyo's winning streak ended on profit-taking as the yen edged up after.
First National Bank has launched a cellphone-based instant money transfer service between South Africa and Zimbabwe.
Inflation in China has slowed faster than expected, indicating that the recovery in the world's second-largest economy is still weak.
Global oil prices rose today in line with the weaker dollar and rebounding equities.
Cash-strapped Cyprus will fall short by at least 75 million euros ($97 million) to pay its bills this month, including government salaries and pensions, an official has warned.
Door-to-door cosmetics vendor, Avon says it will slash more than 400 jobs worldwide as part of a turnaround strategy to return the company to profitability. would like to send you push notifications.
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