ADDIS ABABA (Reuters) – Ethiopia’s securities exchange is expected to start operations in October, its chief executive was quoted as saying by state-affiliated media on Thursday. The establishment of a bourse is part of Prime Minister Abiy Ahmed’s push to open up the country – which is heavily controlled by the state – to greater …
Ethiopia’s securities exchange to start operations in October – media Read More »
JOHANNESBURG (Reuters) – Dutch technology investor Prosus and its South African parent group Naspers said on Thursday that Basil Sgourdos will retire as chief financial officer of both firms effective on November 30. The process to replace Sgourdos, who has had a broad and varied career at Naspers and Prosus since joining in 1994, will …
JOHANNESBURG (Reuters) – Astral Foods said on Thursday that its CEO Chris Schutte will retire on January 30, 2025, having led the company for 16 years. A replacement process was underway, the company said in a statement. (Reporting by Sfundo Parakozov; Editing by Olivia Kumwenda-Mtambo)
By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) -Wall Street equity indexes closed lower after Wednesday’s choppy session while a bond auction pushed Treasury yields higher and the dollar rose against the yen after cautious central banker comments. Oil prices rose after a bigger-than-expected draw in U.S. crude stockpiles and on potential escalation in …
Equities close lower, yields rise, yen slumps after BoJ talks down rate increases Read More »
By Hannah Lang NEW YORK (Reuters) -The yen dropped on Wednesday after an influential Bank of Japan official played down the chances of a near-term rate hike, soothing investors’ concerns that a further jump in the Japanese currency could again rock global markets. The yen fell about 2.5% to a session low of 147.94 per …
Yen tumbles as BOJ downplays chance of hikes, calming markets Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices gained more than 2% on Wednesday, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as worries about weak oil demand in China persisted. Brent crude futures settled up $1.85, or 2.42%, at $78.33 a barrel. U.S. West Texas Intermediate …
Oil settles 2% higher on falling US crude stockpiles, rebounds from multi-month lows Read More »
JOHANNESBURG (Reuters) – Africa’s biggest telecoms operator MTN Group on Wednesday said it will swing to a half-year loss, hit by the devaluation of the Nigerian naira and operational challenges in Sudan. The operator with 288 million customers across 18 markets in Africa said it expects headline earnings per share (HEPS) to slump to a …
South Africa’s MTN to swing to H1 loss, hit by Nigeria currency devaluation Read More »
By Nerijus Adomaitis and Sabrina Valle OSLO (Reuters) -Equinor and Exxon Mobil Corp said on Wednesday they have transferred their stakes in a deepwater oil and gas exploration block off Suriname to Hess Corp, with the Norwegian oil producer exiting the South American country. The exit aligns with Equinor’s strategy to focus on producing oil …
Equinor exits Suriname, further concentrating company’s oil portfolio Read More »
JOHANNESBURG (Reuters) -The CEO of South Africa’s Johannesburg Stock Exchange Ltd (JSE) said on Wednesday she was “cautiously optimistic” on the outlook for new company listings on the bourse for the rest of the year as the market stabilises following the country’s May elections. Africa’s biggest bourse by market capitalisation has been attracting more listings …
Johannesburg Stock Exchange’s CEO ‘cautiously optimistic’ on IPOs this year Read More »
DAKAR (Reuters) – Australia’s Woodside Energy, which operates Sangomar oil and gas field in Senegal, said on Wednesday it had filed a court action in the capital Dakar over a tax assessment. The company, which holds an 82% participating interest in Senegal’s first offshore project, has turned the West African nation into the world’s newest …
Australia’s Woodside files court action over Senegal tax assessment Read More »
