By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks climbed on Thursday after the Federal Reserve indicated it was leaning toward a dovish stance, while the dollar retreated against the yen after another suspected round of intervention by the Bank of Japan. On Wall Street, U.S. stocks closed with solid gains, after Fed …
By Shariq Khan NEW YORK (Reuters) -Oil prices settled on Thursday near their lowest level in seven-weeks, narrowly mixed and under pressure from weaker global demand, rising inventories and fading hopes for a quick cut in U.S. interest rates. U.S. West Texas Intermediate crude futures fell 5 cents to settle at $78.95 a barrel, the …
Oil settles near 7-week lows, focus shifts to economy Read More »
By Karen Brettell NEW YORK (Reuters) – The yen gained on Thursday, following a sudden rally late on Wednesday that traders and analysts attributed to intervention by Japanese authorities, while the dollar was broadly lower before key jobs data on Friday. The sharp move in the yen on Wednesday came in a quiet period for …
JOHANNESBURG (Reuters) -The South African rand was little changed on Thursday after a purchasing managers’ index showed that manufacturing activity had improved last month. At 1518 GMT the rand traded at 18.6200 against the dollar, compared with its previous close of 18.6300. The dollar index was last trading down 0.05% against a basket of currencies. …
South African rand steady after factory activity improves Read More »
By Camillus Eboh and Isaac Anyaogu ABUJA/LAGOS (Reuters) -Exxon Mobil’s asset sale to Seplat Energy could be approved in less than two weeks, Nigeria’s oil regulator told Reuters on Thursday, ending a two-year delay since the deal was first agreed. The $1.28 billion sale in Africa’s largest oil exporter has awaited regulatory approval since 2022. …
Nigeria could approve Exxon’s $1.3 billion oil asset sale to Seplat in weeks Read More »
MAPUTO (Reuters) -ExxonMobil is “optimistic and pushing forward” with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision at the end of next year, a company official said on Thursday. ExxonMobil and its partner Eni are developing the Rovuma LNG project in offshore Area 4 in northern Mozambique, with Exxon …
ExxonMobil pushing forward with Mozambique LNG project, official says Read More »
By Camillus Eboh ABUJA (Reuters) – A Nigerian court on Thursday adjourned a money laundering trial against cryptocurrency exchange Binance and two of its executives to May 17 after a lawyer for the exchange said he had not been served with documents needed to prepare for the case. Binance and its executives Tigran Gambaryan, a …
Nigeria court adjourns Binance and execs trial to May 17 Read More »
JOHANNESBURG (Reuters) – South African manufacturing activity improved in April, a Purchasing Managers’ Index (PMI) survey showed on Thursday, helped by there being no rolling power cuts for the whole of last month. The seasonally-adjusted PMI rose to 54.0 points in April from 49.2 in March, rising above the 50-point mark that separates expansion from …
South African factory activity improves in April – Absa PMI Read More »
By Wendell Roelf CAPE TOWN (Reuters) – Energy technology company Baker Hughes will construct a new liquid mud plant, and a separate assembly, maintenance and repair base at Namibia’s Walvis Bay to cater to booming offshore exploration activities, a senior executive said. The project will help Namibia cope with an influx of drill rigs and …
Baker Hughes builds first Namibian mud plant as exploration surges Read More »
By Gertrude Chavez-Dreyfuss, Karen Brettell and Caroline Valetkevitch NEW YORK (Reuters) -The yen soared against the U.S dollar late on Wednesday, as market participants suspected Japan’s monetary authorities were in the market to prop up the beleaguered currency. The Japanese unit rose as high as 153.19 per dollar from about 157.55. It was last at …
Japan’s yen climbs against US dollar amid signs of intervention Read More »
