ACCRA, Dec 3 (Reuters) – Ghana’s consumer inflation slowed for the 11th consecutive month, falling to 6.3% year on year in November from 8.0% in October, the statistics service said on Wednesday. Government statistician Alhassan Iddrisu told a press conference that the drop was mostly driven by a slowdown in food inflation. “Domestic price conditions …
Ghana’s inflation slows for 11th straight month in November Read More »
Dec 3 (Reuters) – South African business confidence climbed 5 points in the fourth quarter after two consecutive declines, helped by broad-based improvements across five sectors, a survey showed on Wednesday. Business confidence stood at 44 points in the quarter ending December, three points above its long-term average, according to a survey by the Rand …
South African business confidence rebounds in fourth quarter Read More »
By Isaac Anyaogu LAGOS, Dec 3 (Reuters) – African petroleum regulators have chosen Nigeria as their headquarters and elected Gbenga Komolafe, head of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), as chair, the forum said on Wednesday. Komolafe, who previously served as interim chair, was confirmed during the African Petroleum Regulators Forum (AFRIPERF) inaugural executive …
Nigeria to host African petroleum regulators forum, regulator elected chair Read More »
Dec 3 (Reuters) – Egypt’s non-oil private sector recorded its fastest growth in five years in November, driven by sharp increases in output and new orders, a business survey showed on Wednesday. The S&P Global Egypt Purchasing Managers’ Index (PMI) rose to 51.1 last month from 49.2 in October, topping the 50.0 threshold that separates …
JOHANNESBURG, Dec 3 (Reuters) – South Africa’s private sector activity contracted for the second consecutive month in November driven by sustained falls in output and new business volumes, an S&P Global survey showed on Wednesday. The Purchasing Managers’ Index (PMI) rose slightly to 49.0 from 48.8 in October, but remained below the 50.0 mark that …
South Africa’s private sector activity contracts for second month in November, PMI shows Read More »
NAIROBI, Dec 3 (Reuters) – Kenya’s private sector activity expanded for the third consecutive month in November to stand at a five-year high, boosted by better performance across all sectors, a survey showed on Wednesday. The Stanbic Bank Kenya Purchasing Managers’ Index rose to 55.0 in November from 52.5 a month earlier. Readings above 50.0 …
Kenya private sector activity surges to five-year high, PMI survey shows Read More »
By Hyunjoo Jin, Fanny Potkin, Wen-Yee Lee, Anton Bridge and Max A. Cherney Dec 3 (Reuters) – An acute global shortage of memory chips is forcing artificial intelligence and consumer-electronics companies to fight for dwindling supplies, as prices soar for the unglamorous but essential components that allow devices to store data. Japanese electronics stores have …
The AI frenzy is driving a new global supply chain crisis Read More »
By Chibuike Oguh and Alun John NEW YORK/LONDON, Dec 2 (Reuters) – Global shares rose on Tuesday and both cryptocurrencies and global government bonds stabilised after the previous day’s selloff, which was triggered by a looming interest rate hike in Japan. Investors are also gearing up for an expected interest rate cut by the U.S. …
Stocks rise, bonds and bitcoin regain some footing Read More »
By Saqib Iqbal Ahmed NEW YORK, Dec 2 (Reuters) – The dollar regained ground against the yen on Tuesday, recovering from Monday’s selloff, even as expectations for a December rate hike by the Bank of Japan lingered, while the euro edged up after data showed euro zone inflation was slightly hotter than expected. The U.S. …
Dollar rebounds vs yen; euro firmer after inflation data Read More »
JOHANNESBURG, Dec 2 (Reuters) – Traxtion said on Tuesday it would invest 3.4 billion rand ($199 million) in new locomotives and wagons as the freight company prepares to run trains on South Africa’s mainlines for the first time after reforms opened the network to private operators. The government has allowed private firms to use Transnet’s …
Traxtion to invest $199 million in new trains amid South African rail reform Read More »
