By Erwin Seba (Reuters) – Oil futures climbed on Thursday after the U.S. Energy Information Administration (EIA) reported a draw on crude oil and data showing a cooling jobs market that stoked hopes the Federal Reserve could cut interest rates soon. Brent crude futures settled at $85.71 a barrel, up 64 cents or 0.75%. The …
Oil prices rise on US crude draw; jobs data feeds rate cut hopes Read More »
By Laura Matthews NEW YORK (Reuters) -The dollar rose to a seven-week high against the yen on Thursday, while the sterling and euro fell amid on the U.S. economy is coming off the boil while traders watch for more data bolstering the case for a Federal Reserve rate cut this year. May retail sales released …
Dollar extends gains against yen with US economic strength in focus Read More »
By Alden Bentley and Stephen Culp NEW YORK (Reuters) -Wall Street shares pulled back from record highs hit early on Thursday in sympathy with rallying overseas indexes, as Treasury yields shook off soft U.S. data and rose anticipating new supply next week. The dollar firmed, as higher U.S. yields widened differentials with non-dollar rates that …
Wall Street bucks global rally as bond yields rise Read More »
NAIROBI (Reuters) – Kenyan police have dropped an investigation into allegations that Worldcoin had illegally collected and transferred users’ personal data, according to a police document, paving the way for the cryptocurrency project to resume its operations. Authorities suspended Worldcoin in August last year, following privacy objections over its scanning of users’ irises in exchange …
Worldcoin to resume Kenya operations after police drop investigation Read More »
By Philimon Bulawayo MVUMA, Zimbabwe (Reuters) – China’s nickel giant Tsingshan Holding Group has started production at its $1 billion steel plant in central Zimbabwe, a company official said on Thursday. Tsingshan’s Dinson Iron and Steel Company will produce 600,000 metric tons of carbon steel annually during the first phase of its operations, project director …
China’s Tsingshan $1 billion steel plant in Zimbabwe starts production Read More »
JOHANNESBURG (Reuters) -South Africa’s rand slipped on Thursday, as investors turned cautious ahead of newly re-elected President Cyril Ramaphosa’s cabinet appointments under a unity government. At 1521 GMT, the rand traded at 18.0625 against the dollar, about 0.6% weaker than its previous close. The rand had weakened more than 1% against the dollar earlier in …
South African rand slips, focus on president’s cabinet picks Read More »
By Isaac Anyaogu LAGOS (Reuters) – Nigeria is expanding the number of oil blocks slated for auction in its 2024 licensing round as well as extending the deadline for ending the exercise amid keen interest in the offer, the oil regulator told Reuters on Thursday. Nigeria opened a licensing round in April offering a total …
Nigeria oil licence auction attracts huge interest, regulator says Read More »
(Reuters) – South African logistics company Transnet has picked Grindrod to develop and operate a container handling facility at the Port of Richards Bay, it said on Thursday, seeking to expand capacity and improve port efficiency. The project, with an estimated capital investment of 285 million rand ($15.7 million), would increase the port’s container handling …
Transnet picks Grindrod to develop Richards Bay container facility Read More »
(Reuters) -South Africa’s logistics utility Transnet said on Thursday it would appeal a court decision to award Sasol and TotalEnergies about 6.2 billion rand ($344 million) in damages and interest to settle a tariff dispute. Sasol said earlier on Thursday that it won the award in a High ruling against Transnet, which it accused of …
Transnet to appeal against $344 million Sasol award over tariff dispute Read More »
By Deep Kaushik Vakil and Nia Williams (Reuters) -Oil prices dipped on Wednesday after hitting seven-week highs as summer demand optimism and concerns over escalating conflicts offset an industry report that said U.S. crude inventories unexpectedly rose. Brent crude futures slipped 6 cents, or 0.1%, to $85.27 a barrel by 1943 GMT, while U.S. West …
Oil dips after hitting seven-week highs on demand hopes, war jitters Read More »
