RABAT (Reuters) – Morocco issued on Wednesday two expressions of interest to identify bidders for its plan to build a new terminal that will increase capacity at its largest airport in Casablanca by 20 million passengers. Casablanca airport’s expansion is part of a push to double Morocco’s overall airport capacity to 78 million to meet …
Morocco begins tendering process to expand Casablanca airport Read More »
ACCRA (Reuters) -Ghana’s consumer inflation slowed for a fourth month in a row in April, to 21.2% year on year from 22.4% in March, the statistics service said on Wednesday. Government statistician Alhassan Iddrisu told a news conference that the latest decline was driven by a moderation in both food and non food inflation. …
Ghana consumer inflation slows for fourth month in April Read More »
By Portia Crowe (Reuters) -A convoy transporting heavy mining equipment from the Malian capital Bamako to Allied Gold’s Sadiola mine came under attack in the Kayes region over the weekend, two people familiar with the incident told Reuters late on Tuesday. The attack points to expanding security risks – and related additional costs – facing …
Mining convoy attacked in Mali on road to Allied Gold’s Sadiola mine, sources say Read More »
JOHANNESBURG (Reuters) – South Africa’s Absa Group announced on Wednesday that Sello Moloko will step down as chairman of the bank on July 15 to make way for new leadership, and René van Wyk will succeed him, subject to regulatory approval. Moloko said he had decided to quit after the board “dealt with several challenges …
South Africa’s Absa Group Chair Sello Moloko to step down in July Read More »
NIAMEY, Niger (Reuters) -Security forces in Niger have searched the offices of uranium miner Orano’s local subsidiaries, seizing phones and equipment, two sources told Reuters on Tuesday, months after the French company said authorities had seized control of its Somair mine. One of the sources, who is close to Orano, also said local director Ibrahim …
Niger security forces search Orano offices and seize phones, sources say Read More »
HOUSTON (Reuters) -U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June, a company executive said on Tuesday. The floating production unit, which is expected to produce 120,000 barrels of oil per day (bpd), was in the final stage of being hooked up and commissioned, Michael Clarke, Beacon’s …
Offshore producer Beacon sees first oil from Shenandoah in June Read More »
By Sinéad Carew and Samuel Indyk NEW YORK/LONDON (Reuters) -MSCI’s global equities gauge fell on Tuesday, while the dollar declined as investors grew frustrated with the lack of U.S. trade deals and waited for a Federal Reserve update, while oil futures rebounded from Monday’s sell-off. However, U.S. Treasury yields fell to their lowest levels for …
Stocks, dollar fall with Treasury yields while oil rebounds Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% on Tuesday on signs of higher demand in Europe and China, lower production in the U.S., tensions in the Middle East and as buyers emerged the day after prices fell to a four-year low. Brent futures rose $1.92, or 3.2%, to settle at $62.15 …
Oil rises 3% on signs of more Europe and China demand, less US output Read More »
By Chibuike Oguh NEW YORK (Reuters) – The dollar fell broadly on Tuesday on worries that U.S. President Donald Trump’s touted trade deals have yet to materialize, while the euro extended gains after the German parliament elected conservative leader Friedrich Merz as chancellor. Investors are waiting for details on trade deals the Trump administration has …
Dollar falls, euro gains after Merz elected German chancellor Read More »
By Sherin Elizabeth Varghese and Ashitha Shivaprasad (Reuters) – Tantalite prices hit two-year highs in Europe last week, driven by supply disruptions stemming from tensions in Democratic Republic of Congo, the world’s leading producer of the mineral that supplies the electronics and aerospace industries. Tantalite is trading in a $100-$105 per lb range on …
Prices of aerospace material tantalite hit two-year highs on Congo unrest Read More »
