(Reuters) – South Africa’s Pick n Pay on Tuesday forecast first-half Group trading profit to decline on an yearly basis due to the late arrival of winter and port delays coupled with higher costs. (Reporting by Prerna Bedi in Bengaluru; Editing by Sonia Cheema)
WASHINGTON (Reuters) – The International Monetary Fund reached a staff-level agreement for Liberia on a new 40-month extended credit facility arrangement for $209 million, the IMF said in a statement on Monday. The arrangement is subject to approval by the IMF Executive Board, the IMF said, adding the board discussion is scheduled for Sept. 25. …
IMF reaches staff-level deal for Liberia on $209 million new credit facility Read More »
By Chibuike Oguh and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -World equity markets edged lower on Monday as investors digested the likelihood of U.S. interest rates being lowered soon, even as oil prices jumped amid increased tensions in the Middle East. The benchmark S&P 500 index and the Nasdaq finished lower after giving up early gains, …
Stocks edge lower, oil jumps on supply concerns over Mideast, Libya Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rallied from an eight-month low on Monday, while the yen rose against most currencies, as geopolitical tension in the Middle East intensified, prompting investors to seek safe-haven shelter. Volume was lighter than usual, with UK markets closed for a public holiday. The Swiss franc also advanced …
Safe-haven yen, US dollar rally on escalating Middle East tension Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled 3% higher on Monday as production cuts in Libya added to supply concerns stemming from reports of escalating conflict in the Middle East. Brent crude futures closed $2.41, or 3.05%, at $81.43 a barrel, while U.S. crude futures settled $2.59, or 3.5%, higher at $77.42 a barrel. …
Oil climbs 3% as Libya output cuts further supply concerns Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was stable on Monday, ahead of local economic data releases this week that could give hints on the health of the local economy. At 1608 GMT, the rand traded at 17.7150 against the dollar, near its Friday closing level of 17.7100. The rand, like most emerging market currencies, benefited from …
South African rand stable ahead of data-filled week Read More »
By Tannur Anders JOHANNESBURG (Reuters) -South Africa could have no scheduled power cuts over the next seven months if state-owned utility Eskom’s unplanned electricity losses stay at their current level, its chief executive said on Monday. Power cuts have restricted economic growth in South Africa for more than a decade, with outages on a record …
South Africa could have no power cuts over next 7 months, Eskom says Read More »
(Reuters) – Harmony Gold, South Africa’s biggest gold producer by volume, said on Monday its profit probably doubled in the year ended June 30, buoyed by a rise in output of the precious metal, better grades and a price rally. The Johannesburg-based miner reported preliminary headline earnings per share of $0.98 for the financial year, …
South Africa’s top gold miner sees profit surge as prices rally Read More »
By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s economy grew 3.19% in the second quarter of 2024 compared with the same quarter last year, lifted by higher crude oil production and the performance of its services sector, statistics agency data showed on Monday. The growth rate was quicker than the 2.51% growth recorded in the second quarter …
Nigerian economy grows over 3% in Q2 as oil output rises Read More »
By Rishav Chatterjee (Reuters) -Malaysian state-owned energy giant Petroliam Nasional said on Monday its unit had initiated proceedings against South Sudan for allegedly blocking a $1.25 billion sale of its local assets and instead taking over the business. The company, also known as Petronas, announced on Aug. 7 it would exit South Sudan after running …
Malaysian energy giant Petronas sues South Sudan over local assets deal Read More »
