By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Wednesday as worries over conflict in the Middle East eased and business activity in the United States slowed, although a fall in U.S. crude oil inventories put a floor on those losses. Brent crude futures fell 40 cents, or 0.45%, to settle at $88.02 a …
Oil settles lower as U.S. business activity cools, concerns over Middle East ease Read More »
(Reuters) – South Africa has lodged a complaint against the European Union’s citrus black spot (CBS) regulations, the World Trade Organisation (WTO) said on Wednesday. The EU is a major market for South African citrus fruit, accounting for a third of its citrus exports and the move is the African country’s second ever WTO complaint. …
South Africa makes second WTO complaint over EU citrus rules Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) – South Africa’s biggest supermarket retailer Shoprite plans to add 20 more UNIQ clothing stores in 2024 and is also looking to source its basics clothing range at home, executives told Reuters on Wednesday as they launched the 20th store. Over recent years, Shoprite has been looking for growth in …
Shoprite’s clothing chain UNIQ plans more stores, local sourcing Read More »
(This April 23 story has been corrected to show the ministry suspended COMMUS’s activities, not its licence, in paragraph 3) JOHANNESBURG (Reuters) – Chinese mining giant Zijin Mining said on Tuesday it would cooperate with authorities in Democratic Republic of Congo after radiation was detected in a shipment of cobalt from its mine in the …
Zijin cooperating with Congo probe after radiation detected in cobalt load Read More »
(Corrects paragraph 2 of April 22 story to show the ministry suspended COMMUS’s activities, not its licence) By Ange Kasongo KINSHASA (Reuters) -Mineral shipments from a Congolese copper and cobalt operation majority-owned by China’s Zijin Mining Group Co. Ltd were returned due to overly high radiation levels, the Congolese mines minister said in a letter …
Zijin’s Congo mine shipments returned due to radiation levels, ministry says Read More »
JOHANNESBURG (Reuters) -South Africa’s rand slipped on Wednesday, erasing modest gains made the previous day on improving risk sentiment as the dollar regained ground. At 1529 GMT, the rand traded at 19.2300 against the U.S. dollar, 0.61% weaker than its previous close. The dollar index, which measures the greenback against a basket of other major …
South African rand slips as dollar regains ground Read More »
By Camillus Eboh ABUJA (Reuters) – Nigeria has revoked 924 dormant mining titles immediately and invites investors to freely apply for the affected licences which will be offered on a “first come, first served” basis, its minister of mines said on Wednesday. The affected titles include 528 exploration licences, 20 mining leases, 101 quarry licences, …
Nigeria revokes 924 dormant mining titles, seeks new investors Read More »
By Wendell Roelf WINDHOEK (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) is excited about a potential partnership with Namibia and ready to support the southern African country in its oil journey, OPEC Secretary General Haitham Al Ghais said on Wednesday. The OPEC+ oil producers group, having lost Angola and other players in …
OPEC excited about Namibia partnership, sec gen says Read More »
By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) -Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the U.S. megacaps, and the yen tumbled to multi-year lows against the dollar and the euro. Treasury yields dipped after data showed U.S. business activity cooled to a four-month low. Easing …
Stocks gear up for Big Tech earnings; yen touches multi-year lows Read More »
By Shariq Khan NEW YORK (Reuters) -Oil prices rose by more than $1 a barrel on Tuesday as the U.S. dollar index fell to its lowest level in more than a week and investors shifted their focus away from tensions in the Middle East to the state of global economies. Brent crude futures rose $1.42, …
Oil rises as dollar slips, focus shifts to economic data Read More »
