By Karen Brettell NEW YORK (Reuters) -Risk-sensitive currencies including the Australian dollar rose on Monday, while safe havens like the Japanese yen dipped against the U.S. currency, as risk sentiment was boosted by signs the U.S. federal government is closer to reopening. The U.S. Senate on Sunday moved forward on a measure aimed at reopening …
Risk currencies rise as US government shutdown resolution nears Read More »
(Reuters) -Egypt’s annual urban consumer price inflation rose more than expected to 12.5% in October, ending a four-month downward trend, data from statistics agency CAPMAS showed on Monday. Egypt’s core inflation, which strips out volatile items such as fuel and some types of food, also rose to 12.1% on an annual basis in October from …
Egypt’s consumer price inflation accelerates to 12.5% in October Read More »
(Reuters) -Mercedes-Benz South Africa said on Monday CEO-designate Abey Kgotle has resigned for personal reasons, less than a month before he was set to take on the role. Kgotle, who joined Mercedes-Benz South Africa in 2017, was named in June to succeed Andreas Brand as chief executive of the German luxury carmaker Mercedes-Benz’s South African …
Mercedes-Benz South Africa CEO-designate resigns Read More »
NAIROBI (Reuters) -U.S. Vice President JD Vance has called off a visit to Kenya planned for later this month after his expected trip to the G20 summit in South Africa was cancelled by President Donald Trump, the East African nation’s government said on Monday. Vance had planned to visit Kenya, one of Washington’s closest allies …
Kenya says US Vice President Vance has cancelled planned visit Read More »
By Rachna Uppal ABU DHABI (Reuters) -The United Arab Emirates could conclude negotiations for a bilateral trade agreement with the central African state of Chad by the end of the year, the Gulf state’s trade minister said on Monday. Known as Comprehensive Economic Partnership Agreements, or CEPA, the trade, investment and cooperation deals are a …
United Arab Emirates plans to conclude trade deal with Chad by end 2025 Read More »
JOHANNESBURG (Reuters) -South Africa’s Tiger Brands expects an up to 15% rise in annual headline earnings, as improved operating margins and cost-cutting offset pressure on consumer spending and commodity price deflation. The country’s biggest food producer said on Monday it anticipates headline earnings per share (HEPS) from total operations to increase by 10% to 15%, …
South Africa’s Tiger Brands forecasts higher earnings on margin gains, cost-cutting Read More »
(Reuters) -Sibanye Stillwater and Appian Capital Advisory have agreed a $215 million settlement over the South African miner’s termination of a $1.2 billion deal to buy the investment firm’s Brazilian nickel and copper mines, the companies said on Monday. Sibanye shares rose more than 5% on the Johannesburg Stock Exchange, in line with other gold …
Sibanye, Appian Capital reach $215 million settlement over cancelled Brazil mines deal Read More »
By Siyanda Mthethwa and Nqobile Dludla JOHANNESBURG (Reuters) -South African mobile telecoms operator Vodacom Group reported a near 33% jump in first half profit on Monday as growth from its businesses on the continent offset a decline in its home market, where it booked a one-off cost. The company, majority owned by Britain’s Vodafone, said …
Vodacom profit surges 33% as Africa-wide growth offsets weak home market Read More »
JOHANNESBURG (Reuters) -The South African rand gained against a softer dollar in early trade on Monday, with the finance minister’s mid-year budget review the week’s main focus. At 0635 GMT, the rand traded at 17.2550 against the dollar, 0.3% stronger than its closing level on Friday. The dollar was down about 0.1% against a basket …
South African rand gains against weaker dollar; budget review week’s focus Read More »
DAKAR (Reuters) -The International Monetary Fund wants Senegal to restructure its debt but the West African country is resisting such a move because it would be “a disgrace,” Senegalese Prime Minister Ousmane Sonko has told a rally in the capital Dakar. The IMF, which completed a mission to Senegal on Thursday without agreeing a new …
IMF’s proposed Senegal debt restructure a ‘disgrace’, prime minister says Read More »
