NAIROBI (Reuters) -Kenya’s private sector expanded for the second month in a row in October, and at its fastest pace since December 2021, helped by improved performance across all sectors, a survey showed on Wednesday. The Stanbic Bank Kenya Purchasing Managers’ Index jumped to 52.5 in October from 51.9 a month earlier. Readings above 50.0 …
Kenya private sector activity expands in October, PMI survey shows Read More »
JOHANNESBURG (Reuters) -South Africa’s private sector activity contracted for the first time in seven months in October, as firms faced a renewed downturn in output and orders, S&P Global reported on Wednesday. The South Africa Purchasing Managers’ Index (PMI) fell to 48.8 in October from 50.2 in September, slipping below the 50.0 mark that separates …
South Africa’s private sector activity declines as demand weakens in October, PMI shows Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose to a four-month high against the euro on Tuesday as divisions in the Federal Reserve raised doubt about the prospect of another rate cut this year, while a risk-off move sent investors seeking the U.S. currency for safety. Meanwhile, sterling fell after the UK finance …
Dollar up on rate cut doubts and safety play, pound slumps Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled lower on Tuesday as weaker manufacturing numbers and a stronger dollar weighed on demand, while the OPEC+ decision to pause output hikes in the first quarter of next year could signal the group’s concern about a potential supply glut. Brent crude futures closed 45 cents, or 0.7% …
Oil settles lower on stronger dollar, fears of oversupply Read More »
RABAT (Reuters) -Moroccan national carrier Royal Air Maroc (RAM) expects to begin receiving aircraft from a major fleet expansion tender in 2028, CEO Abdelhamid Addou said on Tuesday. The tender launched in April 2024 is for up to 200 aircraft by 2037 and the company is evaluating offers from Boeing, Airbus and Embraer, Addou said. …
Royal Air Maroc to receive first aircraft from 2028, CEO says Read More »
DAKAR (Reuters) -The International Monetary Fund has extended its mission to Senegal by several days, a spokesperson said on Tuesday. The West African country started talks on a new programme last month and an IMF team has been in Dakar since October 22. “Our visit so far has been productive, and we are continuing discussions …
IMF extends its mission to Senegal by several days Read More »
CAIRO (Reuters) -Egypt’s Suez Canal revenues rose 14.2% year-on-year between July and October, the canal authority said on Tuesday, citing calmer conditions in the Red Sea after a ceasefire in Gaza and a pick up in traffic through the vital waterway. Yemen’s Iran-aligned Houthis launched more than 100 attacks on ships in the Red Sea, …
Egypt’s Suez Canal revenues rise 14% as Red Sea tensions ease Read More »
JOHANNESBURG (Reuters) -South Africa’s commodity-backed rand and stocks fell more than 1% on Tuesday, tracking a decline in gold prices, which slipped below the $4,000-per-ounce threshold. At 1413 GMT, the rand traded at 17.5025 to the dollar, 1.1% weaker than Monday’s close. Spot gold was down 0.7% around the same time, while the greenback was …
South African rand and stocks fall more than 1% as gold slips Read More »
BENGHAZI (Reuters) -Libya’s state-run Oil National Corp (NOC) announced on Tuesday in a statement a new oil discovery in well H1-NC4 by its subsidiary Arabian Gulf Oil Company (AGOCO) in the Ghadames oil basin. The Ghadames basin is located in northwestern Libya, near the Libyan-Algerian border. “The well’s daily production is estimated at approximately 4,675 …
Libya’s NOC announces new oil discovery in Ghadames Basin Read More »
By Emily Chow SINGAPORE (Reuters) -Shipping rates for liquefied natural gas have hit multi-month highs on tighter vessel availability, delayed cargo deliveries to Egypt and rising demand ahead of winter, shipping sources said. The price gains amplify competition for available LNG carriers, reversing the trend of lacklustre shipping rates seen for much of this year. …
LNG shipping rates hit multi-month highs on tighter vessel availability, winter demand Read More »
