By Karen Brettell and Alun John NEW YORK (Reuters) -The dollar gained on the euro on Thursday before key U.S. inflation data due on Friday and as investors squared positions for month- and quarter-end. The Japanese currency was also modestly weaker at 151.38 per dollar having traded just shy of the 152 mark at its …
By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s Access Holding Plc will seek a shareholders vote next month for approval to launch a capital raising program of $1.5 billion via a share sale or bond offering, to support its growth, it said on Thursday. The holding company, which owns Access Bank, Nigeria’s biggest lender, said it will …
Nigeria’s Access Holding eyes $1.5 billion share or bond sale Read More »
By Maxwell Akalaare Adombila and Joe Bavier SAMREBOI, Ghana (Reuters) – Surveying the stripped landscape of her farm – dotted with pools of cyanide-tainted, tea coloured waste water left by illegal gold miners – is enough to make Janet Gyamfi break down. Only last year, the 27-hectare plot in western Ghana was covered with nearly …
Chocolate prices to keep rising as West Africa’s cocoa crisis deepens Read More »
NAIROBI (Reuters) -Kenya will allow landlocked Uganda’s state oil firm to import petroleum products through its port of Mombasa, Uganda’s energy ministry confirmed on Thursday, to end a row between the two neighbours. Uganda has been seeking alternative ways of importing petroleum products, including through a Tanzanian port, after its oil retailers for decades received …
Kenya and Uganda resolve oil import row, Uganda says Read More »
(Reuters) – Oil producer Capricorn Energy said on Thursday it received a payment of $30 million this week from the Egyptian government after its debt to the company rose to $169 million last year. Chief Executive Randy Neely said: “Throughout my twelve years working in Egypt, and looking further back, the Government of Egypt has …
Capricorn Energy receives $30 million in payments from Egypt Read More »
By Felix Njini and Hadeel Al Sayegh JOHANNESBURG (Reuters) – International Resources Holding (IRH), a unit of Abu Dhabi’s International Holding Company, said it intends to bid for a stake in Lubambe Copper Mine in Zambia. IRH, which recently bought a 51% stake in Zambia’s Mopani Copper Mines, told Reuters the deal has unlocked potential …
UAE’s IRH plans bid for stake in Zambia’s Lubambe copper mine Read More »
JOHANNESBURG (Reuters) – South Africa recorded smaller foreign direct investment (FDI) inflows of 16.2 billion rand ($856.67 million) in the fourth quarter of 2023, from 26.0 billion rand in the third quarter, central bank data showed on Thursday. For 2023 as a whole direct investment inflows moderated to 96.5 billion rand, down from 151.0 billion …
South Africa sees smaller FDI inflows in fourth quarter – central bank Read More »
JOHANNESBURG (Reuters) – The South African rand was little changed in early trade on Thursday, ahead of a flurry of domestic economic data expected later in the day. At 0620 GMT, the rand traded at 18.9450 to the dollar, down about 0.1% on its previous close. The benchmark 2030 government bond was flat. Thursday’s data …
South African rand little changed; PPI, budget and trade data due Read More »
By Alden Bentley, Amanda Cooper and Kevin Buckland NEW YORK/LONDON/TOKYO (Reuters) -Global share markets advanced cautiously on Wednesday, led by an early rally in Japanese stocks as the yen sagged to its weakest since 1990, prompting intervention fears, while benchmark U.S. Treasury yields fell after a strong seven-year note auction. Trading was subdued with the …
Shares cautiously climb; Japan officials rattle sabers at yen shorts Read More »
By Shariq Khan NEW YORK (Reuters) -Oil prices fell for the second consecutive session on Wednesday as the dollar strengthened and government data showed a surprise jump in U.S. crude and gasoline stocks. Brent crude futures for May shed 16 cents, or 0.2%, to settle at $86.09 a barrel while the more actively traded June …
Oil prices fall on stronger dollar, weak US gasoline demand Read More »
