JOHANNESBURG (Reuters) -South Africa’s producer inflation slowed to 0.5% year on year in March from 1.0% in February, statistics agency data showed on Thursday. The Producer Price Index was at 0.6% in month-on-month terms in March, Statistics South Africa said. (Reporting by Sfundo ParakozovEditing by Alexander Winning)
(Reuters) -Kenya’s shilling lost some ground against the dollar on Thursday, amid muted foreign exchange appetite after bouncing higher the previous day as offshore investors sought domestic bonds, traders said. At 0900 GMT commercial banks quoted the shilling at 129.10/60 per dollar, compared with Wednesday’s closing rate of 128.90/129.40. (Reporting by Hereward Holland)
CAPE TOWN (Reuters) -Chevron is considering drilling an exploration well in the Walvis Basin off the coast of Namibia in 2026 or 2027, the U.S. oil major said on Thursday. Chevron Namibia Exploration Limited said it is maturing its prospect portfolio offshore Namibia, a southern African country that has become a global exploration hotspot. The …
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By David Lawder and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump’s administration signaled openness to de-escalating a trade war between the world’s two largest economies that has raised fears of recession. U.S. stocks rallied …
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By Caroline Valetkevitch NEW YORK (Reuters) – Major stock indexes rose, the dollar gained against the euro and other currencies while safe-haven gold dropped on Wednesday as the Trump administration signaled a willingness to de-escalate its trade war with China. U.S. Treasury Secretary Scott Bessent said that high tariffs between the United States and China …
Stocks, dollar climb, gold sinks as US says China tariffs not sustainable Read More »
By Ahmed Eljechtimi RABAT (Reuters) – Morocco, seeking to diversify its coal-dependent energy sector, took the first step on Wednesday toward locating a liquefied natural gas terminal near the Mediterranean city of Nador. Morocco’s energy industry filed an expression of interest for the LNG terminal. The country is also pushing ahead with a renewable energy …
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By Patrick Werr CAIRO (Reuters) – Economists have trimmed forecasts for Egyptian economic growth this year and next, in part due to tariffs imposed by the United States and expectations of slower global growth, a Reuters poll showed on Wednesday. The median forecast in the April 9-23 poll of 17 economists was for gross domestic …
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ACCRA (Reuters) -Ghana and Gold Fields have reached an agreement on a transitional plan for Damang mine, the West African country’s presidency said on Wednesday. Last week, Ghana assumed operational control of the mine after it rejected an application from the South African company to renew its lease, breaking a tradition of automatically renewing licenses. …
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JOHANNESBURG (Reuters) -Shares in South Africa’s Aspen Pharmacare dropped more than 30% on Wednesday, a day after the company issued a profit warning over what it called a “material contractual dispute”. Aspen alerted shareholders to the dispute after the close of the local stock market on Tuesday. It said it related to a manufacturing and …
South African pharma company Aspen’s shares plunge day after profit warning Read More »
JOHANNESBURG (Reuters) -The South African rand was weaker on Wednesday after data showed local inflation fell to a five-year low in March. At 1416 GMT, the rand traded at 18.6375 against the dollar, about 0.2% weaker than Tuesday’s close. Trade in the rand has been highly volatile for weeks as financial markets have grappled with …
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