CAPE TOWN (Reuters) -Angola’s national oil and gas agency, ANPG, will sign an exclusive negotiation agreement with oil major Shell to explore and develop Blocks 19, 34, 35 as well as ultra-deep water blocks, it said in a statement late on Thursday. The signing ceremony will take place on November 3. “This event marks a …
Angola to sign exclusive oil exploration agreement with Shell, government says Read More »
NAIROBI (Reuters) -Kenya’s inflation was 4.6% year-on-year in October, the same as a month earlier, the statistics office said on Friday. Month-on-month inflation was at 0.2% in October, the same rate as a month earlier, the Kenya National Bureau of Statistics said in a statement. The government targets year-on-year inflation of between 2.5% and 7.5% …
Kenya’s inflation steady at 4.6% year-on-year in October Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -Global shares dropped on Thursday and were set for their biggest daily decline in three weeks, weighed down by megacaps Microsoft and Meta, while the dollar rose against the yen on policy updates from the Federal Reserve and Bank of Japan. Markets were digesting comments from Fed Chair Jerome …
Stocks falls on megacap drag, yen stumbles after BOJ announcement Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices held steady on Thursday as investors assessed a potential trade truce between the United States and China after U.S. President Donald Trump lowered tariffs on China following a meeting with Chinese leader Xi Jinping in South Korea. Brent futures rose 8 cents, or 0.1%, to …
Oil prices steady as investors assess US-China trade truce Read More »
By Karen Brettell NEW YORK (Reuters) -The Japanese yen tumbled against the U.S. dollar on Thursday after the Bank of Japan adopted a less hawkish tone than traders expected, while the greenback was boosted after Federal Reserve Chair Jerome Powell on Wednesday said a rate cut in December was not guaranteed. The Bank of Japan …
Yen weakens after BOJ holds rates steady, Fed boosts dollar Read More »
By Sheila Dang HOUSTON (Reuters) -Exxon Mobil is unable to make a final investment decision on a $30 billion liquefied natural gas project in Mozambique called Rovuma LNG until TotalEnergies resumes work on a related project nearby, according to a source familiar with the matter. Exxon is affected by TotalEnergies’ project because they include shared …
Exxon LNG decision on ice as Mozambique faces TotalEnergies request, source says Read More »
JOHANNESBURG (Reuters) -The South African rand weakened on Thursday against a stronger dollar as investors digested the hawkish rate cut from the Federal Reserve and the trade deal made by U.S. President Donald Trump and Chinese President Xi Jinping on rare earths. At 1442 GMT the rand traded at 17.3175 against the dollar, roughly down …
South African rand weakens against firmer dollar Read More »
By Maxwell Akalaare Adombila DAKAR (Reuters) -Ghana, Africa’s top gold producer, has launched its most aggressive mining audit in a decade, targeting top miners to recover lost revenue and tighten oversight, a government letter seen by Reuters shows. Governments across West Africa are intensifying scrutiny of mining firms to enforce compliance with regulations and safeguard …
Exclusive-Ghana orders first major audit of mining firms in a decade Read More »
By Kopano Gumbi JOHANNESBURG (Reuters) -South African Reserve Bank Governor Lesetja Kganyago said on Thursday there was no reason to delay a push for a lower inflation target to 3% despite persistent pockets of inflationary pressure from administered prices and wages. Kganyago told Reuters that sticky administered prices for electricity and water, as well as …
South Africa’s Kganyago says no reason to delay push for 3% inflation target Read More »
By Isaac Anyaogu LAGOS (Reuters) -Nigeria has approved a 15% import duty on petrol and diesel, according to a presidential memo seen by Reuters on Thursday, as the government seeks to protect multi-billion-dollar investments in domestic refining by curbing an influx of cheaper fuel. The measure is part of broader fiscal reforms aimed at boosting …
Nigeria imposes 15% import duty on petrol, diesel to support local refiners Read More »
