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Sibanye has said it will pursue metals streaming and prepayment arrangements, which involve selling future metals production in return for an upfront cash payment, to bolster its financial position. This is after its earnings plunged due to the collapse in metal prices. "The group's financial position has been reinforced at a competitive cost of capital," Sibanye CEO Neal Froneman said in a statement.
SINGAPORE (Reuters) -The dollar flirted with a two-year peak on Thursday after the Federal Reserve signalled a slower pace of rate cuts in 2025, while the yen slid after the Bank of Japan (BOJ) stood pat on rates and offered few clues on its monetary outlook. The BOJ kept interest rates steady earlier in the day, as expected, sending the yen down as much as 0.3%. The Japanese currency then extended losses to weaken past the 156 per dollar level for the first time in a month as BOJ Governor Kazuo Ueda spoke in a post-meeting press conference that kicked off at 0630 GMT.