Reuters Africa Business

By Alun John and Chibuike Oguh NEW YORK/LONDON (Reuters) -Global equity markets lost ground on Monday in a choppy session while yields of long-dated U.S. Treasuries fell, as investors weighed developments on trade and geopolitics in addition to key U.S. economic data. U.S. President Donald Trump signed an executive order extending a tariff truce with China …

Stocks, US yields lose ground as markets brace for big week for trade, geopolitics Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Dutch technology investor Prosus gained European Union antitrust approval on Monday for its 4.1 billion euro ($4.76 billion) bid for Just Eat Takeaway, after agreeing to sell down its stake in Delivery Hero. Amsterdam-headquartered Prosus, which is majority owned by South Africa’s Naspers, announced the deal in February, banking …

Prosus wins conditional EU antitrust nod for Just Eat Takeaway deal Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar firmed across the board on Monday, a day before the release of a U.S. inflation report that could help determine whether the Federal Reserve lowers borrowing costs next month. The dollar index was up 0.3% at 98.52 after last week’s 0.4% fall. Against the yen, …

Dollar edges up with US inflation report on tap Read More »

By Georgina McCartney HOUSTON (Reuters) -Oil settled flat on Monday after falling more than 4% last week, as investors looked towards talks this week between the U.S. and Russia over the war in Ukraine. Brent crude futures settled up 4 cents, or 0.06%, at $66.63 a barrel. U.S. West Texas Intermediate crude futures settled up 8 …

Oil settles flat ahead of US-Russia talks Read More »

By Divya Rajagopal TORONTO (Reuters) -Barrick Mining CEO Mark Bristow said on Monday that the gold industry is awaiting clarity from the White House regarding potential U.S. tariffs on gold bars, but added that, regardless of the outcome, the impact on miners would be minimal. According to a ruling published on the U.S. Customs and …

Gold miners awaiting US clarity on gold bar tariffs, Barrick CEO says Read More »

(Refiles to fix malfunctioning hyperlink. No changes to text.) By May Angel and Gus Trompiz LONDON/PARIS (Reuters) -Global energy and commodities trader Hartree Partners is in talks to acquire French agro-industrial firm Touton, which trades nearly 10% of the world’s cocoa, two sources with direct knowledge of the matter told Reuters. The global cocoa trade …

Hartree in talks to buy major cocoa trader Touton, sources say Read More »

By Nellie Peyton JOHANNESBURG (Reuters) -The second biggest party in South Africa’s ruling coalition thinks the 30% tariff Donald Trump imposed on its exports to the U.S. will stay unless the government changes some domestic race policies such as affirmative action, its leader said on Monday. The government of South Africa, Africa’s biggest economy, has …

South African coalition party says US trade deal may hinge on race policies Read More »

By Libby George (Reuters) -Lower-income countries’ external debt payments to private lenders remain three times higher than payments to China, research shows, shedding light on the complex, costly web of creditors they face as they struggle to keep up repayments. The research, by advocacy group Debt Justice UK, underscores the power private lenders – from …

Emerging countries’ debt payments to private lenders dwarf those to China Read More »

(Reuters) -Barrick Mining beat profit expectations for the second quarter and raised its dividend by 50% on Monday, as record-high gold prices helped offset lower production and a $1.04 billion charge from losing control of its Loulo-Gounkoto mine in Mali. The company declared a quarterly dividend of 15 cents per share, up from 10 cents …

Barrick Mining tops profit estimates, lifts dividend despite Mali mine loss Read More »