By Stephen Culp NEW YORK (Reuters) -The Nasdaq closed at a record high on Monday and gold jumped to an all-time high as investors weighed hawkish statements from the Federal Reserve against evidence of cooling U.S. inflation. The tech-heavy Nasdaq led the three major U.S. stock indexes with a boost from chips, as Nvidia Corp …
Nasdaq, gold scale all-time highs amid cautious Fed comments Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged up against the euro on Monday as investors awaited further clues on the path of U.S. interest rates in the wake of cautious comments from Federal Reserve officials, even as inflation showed signs of cooling. Federal Reserve officials are not ready to say inflation is …
Dollar edges higher as investors await Fed guidance Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices eased less than 1% on Monday as U.S. Federal Reserve officials said they were awaiting more signs that inflation was declining before the central bank starts cutting interest rates. Two top Fed officials said they’re not yet ready to say inflation trends are again moving sustainably back …
Oil eases on worries about US inflation, interest rates Read More »
JOHANNESBURG (Reuters) – The South African rand weakened on Monday against a buoyant dollar after cautious comments by a Federal Reserve official propped up the U.S. currency. At 1616 GMT, the rand traded at 18.1775 against the dollar, about 0.2% weaker than its previous close. Earlier in the day, it had risen to its strongest …
South African rand slips as investors seek clues on US interest rates Read More »
By Nyasha Chingono HARARE (Reuters) – Four lithium mining companies have tabled plans to produce battery-grade lithium in Zimbabwe, a government official said on Monday. Zimbabwe, Africa’s top producer of lithium, which is used in electric vehicle batteries and to store renewable energy, is prodding miners to refine the mineral locally as it hopes to …
Zimbabwe lithium miners table refinery plans under govt pressure Read More »
NAIROBI (Reuters) -Kenya’s economy grew by 5.6% in 2023 from a revised 4.9% in the previous year, the head of the statistics office said on Monday, buoyed by robust output in the agriculture sector. The East African nation’s economy relies on farming, which contributes more than a fifth of annual economic output, and abundant rains …
Kenya’s economic growth accelerates to 5.6% in 2023 Read More »
(Reuters) – South Africa remains at risk of bird flu due to delays in the roll-out of a broad vaccination programme, the country’s largest chicken producer, Astral Foods, said on Monday. Last year, South Africa lost 9.5 million chickens, about a third of its national flock, during its worst outbreak of high-pathogenic avian influenza (HPAI), …
S.Africa’s top poultry producer flags bird flu risk amid vaccine delays Read More »
BENGHAZI (Reuters) – Libya’s Berniq Airways said on Friday it has signed an agreement with Airbus to purchase six A320neo and A321neo aircraft. Berniq did not disclose the cost or a timeline for delivery. “It is worth noting that this agreement will be followed by several other agreements in several areas, the most important of …
By Ange Aboa ABIDJAN (Reuters) – Ivory Coast’s Coffee and Cocoa Council (CCC) has suspended around 40 cooperatives they suspect were illegally hoarding cocoa beans in order to sell them at a higher price to exporters struggling to fulfil their contracts, two sources at the regulator said on Friday. Exporters, who have been short of …
Ivory Coast’s cocoa regulator suspends cooperatives for hoarding beans, sources say Read More »
BAMAKO (Reuters) – Mali has signed an agreement with China’s Ganfeng Lithium to operate the Goulamina lithium mine and increase its share in the project in accordance with a new mining code, the West African country’s economy ministry said in a statement. The mining code, adopted last year, allows the military-led government to increase its …
Mali signs agreement with China’s Ganfeng to operate Goulamina lithium mine Read More »
