South Africa's Eskom to deepen power cuts on Friday
JOHANNESBURG (Reuters) - South Africa's power utility Eskom said it would extend power cuts to 2,000 megawatts of electricity from 1000 GMT to 2000 GMT on Friday due to a shortage of generating capacity. The cash-strapped state utility, which has been forced to reduce electricity supply in Africa's most advanced economy to allow for maintenance of its ageing fleet of power stations, said earlier it would cut 1,000 MW from the national grid.
TSX eases after recent rally as energy, financials slip
Investors took a cautious approach ahead of a U.S. trading holiday on Monday, though U.S. dollar strength hurt some energy stocks as crude prices slipped. Energy stocks were five of the 10 biggest negative weights on the Toronto Stock Exchange's S&P/TSX composite index . U.S. Federal Reserve Chair Janet Yellen provided further evidence that the central bank is poised to raise rates this year as the U.S. economy bounces back from an early-year slump.