By Nicole Jao (Reuters) -Oil prices settled higher on Thursday after strong U.S. economic data stoked expectations for higher crude demand, but the gains were limited by concerns about lower oil imports from China. Brent crude futures for September settled up 66 cents, or 0.81%, to $82.37 a barrel. U.S. West Texas Intermediate crude for …
CAIRO/DUBAI (Reuters) – Sudan’s agriculture minister said there is no famine in the country and cast doubt on U.N.-backed data that 755,000 are experiencing catastrophic hunger, rejecting the idea of aid agencies overriding cross-border delivery restrictions. Sudan has become the world’s worst hunger crisis since the outbreak of a war between the Sudanese army, whose …
Sudan’s agriculture minister says there is no famine in the country Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened against a weaker dollar on Thursday, after U.S. economic data readings left intact expectations of an interest rate cut by the Federal Reserve in September. At 1534 GMT, the rand traded at 18.3350 against the dollar, 0.26% stronger than its previous close. The dollar index was last down …
South African rand strengthens against weaker dollar Read More »
CAIRO (Reuters) – Egypt will not raise the price of its heavily subsidised bread, set at 20 piastres per loaf, even after diesel prices have increased, Supply Minister Sherif Farouk said in a statement on Thursday. Egypt, one of the world’s biggest wheat importers, raised the price of subsidised bread by 300% in June for …
(Reuters) – Sibanye Stillwater will release half-year financial results on Sept. 12, two weeks later than scheduled, after a cyberattack on its IT system caused limited disruption to its global operations, the diversified mining company said on Thursday. The Johannesburg-based precious metals miner said its systems had now been largely restored after the cyberattack reported …
Sibanye Stillwater delays releasing results after cyberattack Read More »
By Nyasha Chingono HARARE (Reuters) -Zimbabwe’s 2024 budget deficit is forecast to be 1.3% of gross domestic product, Finance Minister Mthuli Ncube said on Thursday, but warned that concerns remained over the impact of a drought on finances. The finance ministry projected 2024 growth at 2% earlier this month, down from 3.5% forecast in November, …
Zimbabwe budget deficit seen at 1.3% of GDP, but drought concerns linger Read More »
NAIROBI (Reuters) – Kenyan and Ugandan shilling are expected to be stable against the dollar in the next week to Thursday, while Ghana’s cedi and Zambia’s kwacha are seen weakening and Nigeria’s naira could strengthen, traders said. KENYA Kenya’s shilling is expected to hold steady, with dollar sales from the central bank helping cushion any …
AFRICA-FX-Kenya currency to hold steady, Ghana’s to weaken Read More »
CAPE TOWN (Reuters) – Angola’s new Cabinda crude oil refinery is on track to start up later this year before ramping up to full first phase production of 30,000 barrels a day by July next year, the plant’s Chief Executive Marcelo Hofke said on Thursday. With almost two-thirds of the construction completed, Cabinda is the …
Angola’s new Cabinda refinery to start up later this year-CEO Read More »
By Lawrence White and Chibuike Oguh LONDON/NEW YORK (Reuters) – Stocks sagged worldwide on Wednesday as earnings from Tesla and European luxury brands disappointed, while oil prices edged higher after trading near-six week lows due to concerns over weak global demand. The U.S. dollar edged lower, with traders watching out for an inflation reading on …
Stocks dragged down by megacap tech, oil edges higher Read More »
By Alden Bentley NEW YORK/LONDON/SINGAPORE (Reuters) -The dollar fell to its lowest in more than two months against the yen on Wednesday as short-yen carry trades were unwound ahead of next week’s Bank of Japan meeting, with investors girding for a hawkish monetary officials to tighten policy. The yen also rose to its highest since …
Dollar falls, short yen trades squared ahead of BOJ and Fed meetings Read More »
