By Ayman Al-Warfali BENGHAZI, Libya (Reuters) -Libya’s oil blockade widened on Wednesday with eastern leaders demanding western authorities back down over the replacement of the central bank governor, a key position in a state where control over oil revenue is the biggest prize for all factions. The crisis over control of the Central Bank of …
Libya’s oil blockade widens as factions vie to control central bank Read More »
JOHANNESBURG (Reuters) -The South African rand weakened on Wednesday ahead of economic data releases towards the end of the week. The rand was at 17.7925 against the dollar by 1533 GMT, about 0.44% weaker than its previous close. The dollar index showing its performance against a basket of currencies was last up about 0.36%. South …
South African rand slips ahead of domestic data releases Read More »
By Johann M Cherian (Reuters) – The discovery of increased reserves of crude oil in Namibia has sparked interest in Namibian assets, with an index fund tracking local government bonds poised for its biggest annual jump on record. The Exchange Traded Fund tracking local government bonds is listed on the Namibian Stock Exchange and in …
Namibian asset demand soars ahead of election and amid oil discoveries Read More »
By Chibuike Oguh and Iain Withers NEW YORK/LONDON (Reuters) -A gauge of global shares climbed in choppy trading while oil prices slipped on Tuesday as investors weighed geopolitical risks as well as impending Nvidia earnings and U.S. inflation data. Markets are anticipating an imminent start to the Federal Reserve’s monetary policy easing, after Chair Jerome …
Shares climb, oil slips amid Mideast risks and looming Nvidia earnings Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling climbed to its highest against the U.S. dollar in more than two years on Tuesday, while the greenback dropped to a more than one-year low after gains the previous session, as investors awaited key economic data this week and next. Currency moves remained driven by the prospect …
US dollar retreats, sterling hits more than two-year high Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices fell about 2% on Tuesday on worries that slower economic growth in the U.S. and China could reduce demand for energy, especially after prices surged over 7% during the prior three days. Brent futures fell $1.88, or 2.3%, to settle at $79.55 a barrel, while U.S. …
Oil prices fall 2% on economic worries, technical decline Read More »
By Isaac Anyaogu LAGOS (Reuters) – More than 31.8 million Nigerians are acutely short of food due to security challenges and the removal of fuel subsidies, the government said on Tuesday, citing a study by several of the country’s international development partners. The scale of the shortages, which have led to malnutrition among women and …
Insecurity, rising costs push 31 million Nigerians into acute food shortage, study says Read More »
JOHANNESBURG (Reuters) -The South African rand was broadly steady on Tuesday, ahead of several local data releases later this week. At 1532 GMT, the rand traded at 17.75 against the dollar, near its Monday closing level of 17.7575. South African investors will focus on July’s producer inflation data on Thursday and money supply, budget and …
South African rand stable ahead of data-filled second half of week Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) – South African authorities should introduce regulatory ‘sandboxes’, or controlled testing grounds, to spur innovation in the country’s growing digital platform sector, tech investor Naspers and research firm MISTRA said on Tuesday. A “sandbox” allows testing of new services in the market, but within a controlled regulatory environment without having …
South African digital platforms need testing grounds to speed innovation, report says Read More »
By Wendell Roelf CAPE TOWN (Reuters) – South African private power producers are seeking compensation for revenues lost when adhering to requests from state utility Eskom to limit electricity supply to the national grid, industry executives said. Eskom has submitted a proposal to the country’s energy regulator to introduce a mechanism to compensate independent power …
South African private power producers seek fair deal over output curbs Read More »
