ABIDJAN (Reuters) -Ivory Coast, the world’s biggest cocoa producer, has sold 1.3 million tons of cocoa contracts for the 2025/26 October to March main crop, down from 1.4 million tons last year, amid concerns over declining harvests and production, two Coffee and Cocoa Council (CCC) sources told Reuters on Thursday. Despite what they said would …
JOHANNESBURG (Reuters) -The rand was steady on Thursday after the South African Reserve Bank (SARB) cut its main lending rate at the first meeting since its inflation target was lowered. At 1621 GMT the rand traded at 17.1750 against the dollar, a whisker away from Wednesday’s close. In a unanimous decision, the SARB trimmed the …
South African rand steady after central bank cuts lending rate Read More »
By Sheila Dang HOUSTON (Reuters) -Exxon Mobil said on Thursday it has lifted force majeure on a large liquefied natural gas project in Mozambique called Rovuma LNG. The company paused work after French oil major TotalEnergies also declared force majeure on its separate LNG project in 2021 due to security concerns in the southern African country. …
Exxon lifts force majeure on LNG project in Mozambique Read More »
(Reuters) -TotalEnergies rejects accusations of complicity in war crimes, torture and enforced disappearances in Mozambique, the company said on Thursday following a complaint by a European rights group filed with French authorities. The energy giant said in a statement that it had no knowledge of alleged acts of violence by Mozambican soldiers near its liquefied …
TotalEnergies rejects accusations of complicity in Mozambique war crimes Read More »
By Kopano Gumbi, Sfundo Parakozov and Anathi Madubela PRETORIA (Reuters) -South Africa’s central bank cut its main lending rate by 25 basis points to 6.75% on Thursday at the first meeting since its inflation target was lowered, easing concerns that the new target would prevent it from cutting rates. The decision by members of the …
South African key rate lowered at first decision under new inflation target Read More »
By Gregor Stuart Hunter SINGAPORE (Reuters) -A relief rally swept across Asian markets and lifted stocks on Thursday as investors cheered Nvidia’s market-topping earnings, while the dollar ticked up as traders braced for the release of delayed jobs data. Tech-heavy markets Japan, South Korea and Taiwan led the rally after Nvidia CEO Jensen Huang touted …
Stocks soar on Nvidia earnings relief as markets brace for US jobs data Read More »
By Siyanda Mthethwa JOHANNESBURG (Reuters) -South African fashion retailer Mr Price reported a 6.5% rise in half-year earnings on Thursday, helped by strong retail sales growth. Mr Price, which also sells home ware and sports equipment, reported HEPS, a key profit measure, of 513 cents for the 26 weeks ended September 30 compared to 481.1 …
South Africa’s Mr Price posts 6.5% rise in interim profit Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks climbed on Wednesday, clawing back some ground lost during the recent selloff as investors positioned themselves ahead of Nvidia’s much-anticipated quarterly results and crucial employment data that had been unavailable during the longest-ever U.S. government shutdown. All three major U.S. stock indexes closed in positive territory, with …
Wall St ends higher in anticipation of jobs data, Nvidia tops estimates Read More »
By Laura Matthews NEW YORK (Reuters) -The dollar strengthened against the yen on Wednesday and the Japanese currency fell to a 10-month low, while Finance Minister Satsuki Katayama declared that Japan’s new government was closely monitoring markets “with a high sense of urgency.” Japanese government ministers including Katayama met Bank of Japan Governor Kazuo Ueda …
Dollar extends gains vs yen as traders await US jobs report Read More »
By Shariq Khan NEW YORK (Reuters) -Oil prices fell on Wednesday after reports indicated the U.S. is renewing its push to end Russia’s war in Ukraine and has drafted a framework for it. Brent crude futures fell $1.38, or 2.1%, to settle at $63.51 a barrel, while U.S. West Texas Intermediate crude futures closed down …
Oil settles down on renewed push to end Russia-Ukraine war Read More »
