NAIROBI (Reuters) -Kenya’s drug regulator is recalling a batch of Johnson & Johnson children’s cough syrup, it said on Thursday, a day after Nigeria recalled the same batch of medication under the Benylin Paediatric brand. Nigeria’s health regulator said laboratory tests on the syrup showed a high level of diethylene glycol, which has been linked …
Kenya recalls J&J children’s cough syrup over suspected toxicity Read More »
JOHANNESBURG (Reuters) -South Africa’s rand reversed earlier losses to hold broadly steady on Thursday after supportive local mining and manufacturing data. At 1606 GMT, the rand traded at 18.7650 against the U.S. dollar, near its previous close of 18.7700. The rand had fallen on Wednesday as the dollar soared after data showed U.S. inflation rose …
South African rand broadly steady after positive local data Read More »
DAKAR (Reuters) – Senegal’s new Energy and Mines Minister said on Thursday the government would renegotiate oil, gas and mining contracts if necessary once a promised audit is completed. President Bassirou Diomaye Faye, who defeated the ruling coalition candidate in a landslide election victory last month, announced the audit after his inauguration on April 2, …
Senegal says oil, gas and mine contracts will be reworked if needed Read More »
MOSCOW/DUBAI/SINGAPORE (Reuters) – Russia has begun diesel exports to Sudan as Moscow seeks new markets for its refined products after an EU embargo, LSEG data shows. Since the full EU embargo on Russian oil product imports was imposed in February 2023, diesel supplies have been diverted to Brazil, Turkey, countries in Africa, Asia and the …
Russia begins diesel exports to Sudan, LSEG data shows Read More »
By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) – Treasury yields surged while equity indexes sank on Wednesday after data showed U.S. consumer prices rose more than expected in March, diminishing hopes for how much and how soon the Federal Reserve can cut interest rates. In currencies, the dollar index rose across the board …
Stocks sink, yields jump as hot US inflation erodes hopes for rate cuts Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose across the board on Wednesday, soaring against the Japanese yen to its highest since mid-1990, after U.S. inflation rose more than expected in March, pushing out the expected timing of a first rate cut to September from June. Market participants were also on the alert for …
US dollar surges to new 34-year high vs yen after hotter-than-expected inflation data Read More »
By Laura Sanicola (Reuters) -Oil prices settled up $1 on Wednesday after three sons of a Hamas leader were killed in an Israeli airstrike in the Gaza Strip, feeding worries that ceasefire talks might stall. Brent crude futures settled up $1.06, or 1.2%, to $90.48 per barrel while U.S. West Texas Intermediate (WTI) crude futures …
Oil settles higher after Israeli strike overshadows ceasefire talks Read More »
JOHANNESBURG (Reuters) – South Africa’s WeBuyCars and Transaction Capital have raised 902.7 million rand ($49 million) in capital, they said on Tuesday, ahead of the seller and buyer of used cars’ listing on the Johannesburg Stock Exchange on Thursday. WeBuyCars sold 40 million shares for 750 million rand while its parent company Transaction Capital, an …
South Africa’s WeBuyCars raises nearly 1 billion rand ahead of listing Read More »
JOHANNESBURG (Reuters) -South Africa’s rand slipped on Wednesday as the dollar soared after data showed U.S. inflation rose in March, dampening hopes of an interest rate cut by the Federal Reserve in June. At 1557 GMT, the rand traded at 18.77 against the dollar, 1.68% weaker than its previous close. Data showed the U.S. Consumer …
South African rand slips against dollar after US CPI release Read More »
By Nyasha Chingono HARARE (Reuters) -Zimbabwean informal traders are refusing to accept the local dollar for fear it will be worthless in a few weeks, when the government’s new gold-backed currency enters circulation at the end of April. The Southern African country is replacing its collapsing Zimbabwean dollar with the new currency – called Zimbabwe …
Zimbabwe informal traders ditch ‘worthless’ Zimdollar before new currency debuts Read More »
