By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar weakened against most major currencies on Monday, moving in narrow ranges, as market participants consolidated gains racked up following Friday’s better-than-expected U.S. employment report and shifted their focus to pivotal U.S.-China trade talks in London. The meeting of top officials from both countries intends to address …
By Divya Rajagopal TORONTO (Reuters) -Canadian miner Allied Gold could look at alternative options for a power supply deal at its Sadiola mine in Mali following a surge in gold prices and the emergence of new opportunities, its CEO told Reuters in an interview on Monday. The gold miner signed an agreement in February with …
Canada’s Allied Gold could look at options for power supply deal at Sadiola mine Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Monday as markets awaited the outcome of U.S.-China trade talks. At 1515 GMT, the rand traded at 17.7125 against the dollar, about 0.2% stronger than Friday’s close and extending last week’s gains. Officials from the U.S. and China were in London for a meeting to address disagreements …
South African rand gains with attention on US-China trade talks Read More »
ABIDJAN (Reuters) – Soil moisture is helping the April-to-September mid-crop to develop across most of Ivory Coast’s main cocoa growing regions, farmers said on Monday, adding that they hoped for a mix of rain and sunshine to boost growth even more. Ivory Coast, the world’s top cocoa producer, is in its rainy season which runs …
Ivory Coast farmers hope for more rain, sunshine to boost cocoa crop growth Read More »
(Reuters) – A subsidiary of Oman’s sovereign wealth fund has replaced sanctions-hit Russian firm Alrosa as a shareholder in Angola’s state-controlled diamond miner Catoca, according to the shareholder structure on Catoca’s website. Angola had been under pressure to cease its long-standing partnership with the Russian state-controlled Alrosa, the world’s largest producer of rough diamonds by …
Omani fund replaces Russia’s Alrosa in Angolan diamond miner Catoca Read More »
By Duncan Miriri NAIROBI (Reuters) -An African Union credit review body has questioned Fitch ratings agency’s downgrade of Africa Export-Import Bank last week, saying it was based on a “flawed” categorisation of loans and calling for the decision to be reconsidered. Last Wednesday, Fitch downgraded Cairo-based Afreximbank’s credit rating to BBB-, one notch above junk …
African Union agency says Fitch’s downgrade of Afreximbank is ‘flawed’ Read More »
By Nqobile Dludla Johannesburg (Reuters) -South African fashion retailer TFG reported a 4.6% rise in annual earnings on Friday thanks to a rebound in sales in Africa in the second half of the year, store expansion and the acquisition of British chain White Stuff. TFG, which also operates in Australia, said headline earnings per share …
South African fashion retailer TFG reports 4.6% rise in annual profit Read More »
(Reuters) – South African chemicals company Omnia Holdings on Monday declared a special dividend for the second year running after its growing explosives business helped offset the impact of bad weather and economic turbulence on its African agriculture business. Omnia reported headline earnings per share – a key profit measure – of 7.04 rand ($0.3964) …
Omnia declares special dividend as mining business shores up profits Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks closed sharply higher on Friday and U.S. Treasury yields jumped as a generally upbeat employment report and bounce-back in Tesla shares helped the indexes notch weekly advances. All three major U.S. stock indexes surged, while bitcoin jumped and crude prices settled at their highest level since mid-April. …
By Erwin Seba HOUSTON (Reuters) -Crude rose more than $1 a barrel on Friday, posting its first weekly gain in three weeks after a favorable U.S. jobs report and resumed trade talks between the U.S. and China, raising hopes for growth in the world’s two largest economies. Brent crude futures settled at $66.47 a barrel, …
