By Erwin Seba HOUSTON (Reuters) – Oil futures fell on Monday as traders focused on market fundamentals, seeing little near-term risk that the Middle East conflict would impact supply. Brent crude futures settled at $87.00 a barrel, down 29 cents, or 0.33%. U.S. West Texas Intermediate crude finished down 29 cents, or 0.35%, at $82.85 …
Oil futures fall as fears of a wider Middle East war fade Read More »
By Maxwell Akalaare Adombila WASHINGTON, D.C. (Reuters) – Nigeria is seeking up to $2.25 billion in World Bank loans and expects the bank’s board to approve the request in June, the government said in a statement following the IMF/World Bank spring meetings in Washington, D.C. Nigeria also aims to issue diaspora bonds later this year …
Nigeria seeking up to $2.25 billion in World Bank loans Read More »
JOHANNESBURG (Reuters) -South Africa’s rand slipped on Monday after a week of volatile trading driven by tensions in the Middle East. At 1552 GMT, the rand traded at 19.1450 against the U.S. dollar, 0.37% weaker than its previous close. The rand lost ground last week as reports of an Israeli strike on Iran caused fears …
South African rand slips after a week of volatile trading Read More »
By Felix Njini JOHANNESBURG (Reuters) -The mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority stake in Vedanta Resources’ Zambian copper assets, two sources familiar with the matter told Reuters, in its drive to build an African copper mining empire. The unit of International Holding Company recently made an …
UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive Read More »
By Sergio Goncalves LISBON (Reuters) – Portuguese oil company Galp Energia said on Sunday it had concluded the first phase of exploration in the Mopane field off the coast of Namibia and estimated it could have at least 10 billion barrels of oil. Galp said it conducted testing operations at the Mopane-1X well in January …
Portugal’s Galp says field off Namibia could contain 10 billion barrels of oil Read More »
By Maxwell Akalaare Adombila WASHINGTON (Reuters) – Ghana’s Finance Minister expects a draft Memorandum of Understanding (MoU) from the country’s bilateral creditors in May on a restructuring deal, he said on Sunday. The MoU, once signed, would cement a deal to restructure $5.4 billion of loans with its official creditors, including China and France, agreed …
Ghana finance minister expects MoU with bilateral lenders in May Read More »
By Karin Strohecker WASHINGTON (Reuters) – South Africa faces upside risks to its inflation outlook, Central Bank Governor Lesetja Kganyago said, but the latest data has not shown evidence of price pressures from food despite adverse El Nino weather wreaking havoc across Africa. Data out on Wednesday had shown headline inflation fell to 5.3% year-on-year, …
S.Africa faces upside risk to inflation, financial conditions – CenBank Governor Read More »
By Marcela Ayres WASHINGTON (Reuters) – Angola’s central bank sees relative stability for the country’s kwanza currency this year, Governor Manuel Tiago Dias said on Saturday, cautioning that the bank’s inflation forecast could be raised due to changes in fuel price subsidies. Speaking in an interview with Reuters on the sidelines of the International Monetary …
Angola’s central bank governor forecasts FX stability amid inflation concerns Read More »
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -Shareholders of the International Monetary Fund agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday. Multiple reports from the IMF and the World Bank this week sounded …
IMF concerned about debt, fiscal challenges facing low-income countries Read More »
(Reuters) – Chad’s air force chief ordered the United States to halt activities at an air base near the capital N’Djamena, according to a letter sent to the transitional government and seen by Reuters. Chad has so far not followed the steps of juntas in Burkina Faso, Mali and Niger in ending military collaborations with …
Chad air force chief orders US to halt activities at army base, letter shows Read More »
