By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) -Wall Street and European shares ended flat to modestly lower on Monday ahead of a key central bank gathering later in the week that likely will determine the future path of U.S. interest rate policy. Investors also focused on the meeting between Ukraine’s Volodymyr Zelenskiy and …
Global shares flat amid Ukraine talks, ahead of Jackson Hole Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices settled 1% higher on Monday after talks between U.S. President Donald Trump and his Ukrainian counterpart in the wake of an inconclusive U.S.-Russia summit in Alaska on Friday. Brent crude futures settled 75 cents, or 1.14%, higher at $66.60 a barrel. U.S. West Texas Intermediate crude gained …
Oil prices settle higher as investors focus on Trump-Zelenskiy meeting Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar gained on Monday as U.S. President Donald Trump hosted talks on ending Russia’s war in Ukraine, and traders pared bets on a September rate cut before a speech on Friday by Federal Reserve Chair Jerome Powell. Trump met with Ukrainian President Volodymyr Zelenskiy on Monday before holding …
CAIRO/DUBAI (Reuters) -Egypt’s state grains buyer Future of Egypt has agreed to buy at least 200,000 metric tons of French wheat in recent private deals with exporters, plus several 30,000-ton cargoes of wheat from Ukraine and Romania, it told Reuters on Monday. The North African nation is one of the world’s top wheat importers. On …
Exclusive-Egypt agrees to buy at least 200,000 tons of French wheat, state buyer says Read More »
(Corrects first paragraph to say investigation is into conduct of the company and its subsidiary, removing reference to an amended complaint, which is part of a separate case) By Nqobile Dludla JOHANNESBURG (Reuters) -South African mobile network operator MTN Group is facing an investigation by a U.S. Department of Justice grand jury into its conduct …
South Africa’s MTN faces new US investigation into Afghanistan conduct Read More »
ACCRA (Reuters) -A coalition of Ghanaian cocoa farmers has threatened to bar officers of the national regulator from their farms to protest the newly announced producer price for the upcoming season, which they say could fuel illegal smuggling to Ivory Coast and Togo. More than 300,000 farmers expressed anger over what they consider inadequate compensation, …
Ghana cocoa farmers revolt over prices, threaten mass smuggling Read More »
ABIDJAN (Reuters) -Light rains have helped the October–March main crop despite persistent cold weather across most of Ivory Coast’s key cocoa regions, farmers said on Monday. Ivory Coast, the world’s top cocoa producer, is in its rainy season which runs officially from April to mid-November. Farmers report satisfactory pod development, with plenty of large, near-ripe …
Ivory Coast’s cocoa crop healthy, but needs more sun, farmers say Read More »
By Colleen Goko JOHANNESBURG -South African banks have become more reluctant to lend as the threat of extreme weather events has heightened the risk of defaults, a study by the South African Reserve Bank showed on Monday. The paper, which examined 38 banks between 2009 and 2024, found credit growth decelerated after climate shocks such …
South Africa banks curb lending over climate-related default risks, study finds Read More »
JOHANNESBURG (Reuters) -The South African rand edged lower on Monday, with the main focus this week on domestic inflation numbers, while investors also eyed geopolitical developments which could influence the risk-sensitive local currency. Statistics South Africa will release July inflation data on Wednesday, with analysts polled by Reuters expecting a rise to 3.5% year-on-year from …
South African rand slips with local inflation data the week’s main focus Read More »
(Reuters) -South Africa’s produce exports to the United States rose 26% in the second quarter following strong harvests, Agriculture Minister John Steenhuisen said on Monday, but a 30% tariff imposed by President Donald Trump could affect future shipments. South Africa is fighting for lower tariffs in a proposed trade deal with the U.S. after it …
South Africa’s Q2 farm exports to the US surge, but tariffs dampen prospects Read More »
