(Reuters) -South African mobile operator Cell C’s listing on the Johannesburg Stock Exchange was priced at 26.50 rands per share, below a previously set range of 29.50-35.50 rands, the company said on Friday. Cell C is majority owned by Blu Label Unlimited through its subsidiary The Prepaid Company (TPC). (Reporting by Simone Lobo in Bengaluru)
(Refiles to add ANALYSIS tag back, no changes to text) By Alun John and Naomi Rovnick LONDON (Reuters) -Just months after a U.S. tariff shock whacked the dollar, a rush by overseas investors to protect U.S. holdings from the sliding currency has slowed sharply – a vote of confidence that’s helping the greenback recover from …
Analysis-Dollar hedging frenzy fades, bringing relief to greenback Read More »
JOHANNESBURG (Reuters) -South Africa’s currency and stocks dropped on Friday, as investors dumped riskier assets in the wake of a U.S. jobs report that failed to provide clarity on a near-term path for the Federal Reserve’s interest rates. At 0740 GMT, the rand traded at 17.2750 against the dollar, down 0.3% from Thursday’s closing level. …
South African rand and stocks weaker on selloff linked to US jobs data Read More »
BEIJING (Reuters) -China’s embassy in the Central African Republic (CAR) has warned its citizens risk becoming “mining slaves” in the politically unstable nation’s gold trade, as Chinese workers look to sub-Saharan Africa as jobs in the Asian giant’s gig economy dry up. Chinese nationals have been killed or kidnapped by armed groups and even their …
China warns citizens risk becoming ‘mining slaves’ in Central African Republic gold rush Read More »
By Chris Mfula LUSAKA (Reuters) -China signed a $1.4 billion agreement with Zambia and Tanzania on Thursday to modernise the TAZARA railway linking landlocked Zambia to the Indian Ocean. The railway, financed by China in the 1970s to facilitate copper exports and fuel imports through Tanzania, remains a critical trade route and is widely seen …
China signs agreement to revamp TAZARA railway in Zambia Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street reversed early gains on Thursday as a mixed employment report diminished hopes for further easing by the Federal Reserve this year and as worries resurfaced over inflated tech valuations, unassuaged by Nvidia’s better-than-expected earnings report. All three major U.S. stock indexes closed sharply lower, with weakness in …
By Laura Matthews NEW YORK (Reuters) -The dollar firmed against most major currencies on Thursday, after losing some ground as signs of faster U.S. job growth in September suggest the Federal Reserve is likely to pause cutting interest rates in December. Long-awaited data released on Thursday showed that employers added more jobs than economists had expected, but …
Dollar firms as strong US jobs data dim Fed rate-cut expectations Read More »
By Erwin Seba HOUSTON (Reuters) -Oil prices fell on Thursday as the administration of U.S. President Donald Trump pushed for Ukraine’s acceptance of a peace agreement with Russia to end a war that has gone on for more than three years. Brent crude futures settled at $63.38 a barrel, down 13 cents, or 0.2%. U.S. …
Oil slides as US pushes for Russia-Ukraine peace deal Read More »
CAIRO (Reuters) -The Central Bank of Egypt kept its overnight interest rates on hold on Thursday, saying it hoped to contain an acceleration in inflation as the economy heated up towards full capacity. The monetary policy committee kept the deposit rate at 21% and the lending rate at 22%. A Reuters poll published on Monday …
Egypt’s central bank holds interest rates as economy heats up Read More »
By Tim Cocks (Reuters) -South Africa and the European Union vowed to defend multilateralism on Thursday, ahead of the G20 summit, as they signed a partnership on critical minerals. South Africa is hosting this year’s G20 gathering amid a boycott by its most powerful member, although President Cyril Ramaphosa said the United States was now …
South Africa, EU sign critical minerals deal, vow to defend multilateralism Read More »
