By Laura Sanicola (Reuters) -Oil prices settled slightly lower on Monday, as demand headwinds counterbalanced a widely expected extension of voluntary output cuts through the middle of the year by the OPEC+ producer group. Brent futures settled down 75 cents to $82.80 a barrel, while U.S. West Texas Intermediate (WTI) settled down $1.24, or 1.5%, …
Oil settles lower on weak demand despite OPEC+ cut extension Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against the euro on Monday, ahead of this week’s news on Britain’s budget, a European Central Bank meeting, U.S. jobs data and important political moments in China and the U.S. Investors also eyed Bitcoin, which rose to a more than two-year peak above $65,000 after …
JOHANNESBURG (Reuters) -South Africa’s rand firmed on Monday, ahead of gross domestic product (GDP) figures and a whole-economy purchasing managers’ index (PMI) survey. At 1514 GMT, the rand traded at 19.02 against the U.S. dollar, about 0.4% higher than its closing level on Friday. The dollar was last down 0.08% against a basket of global …
South African rand firms ahead of local GDP figures Read More »
KAMPALA (Reuters) – Telecom firm Airtel Uganda said on Monday its 2023 pre-tax profit declined 9.8% from the previous 12 months, hurt by a surge in rental and energy costs. The firm, a unit of Indian telecoms giant Bharti Airtel, was listed on the Uganda Securities Exchange (USE) last year after a heavily undersubscribed initial …
By Nqobile Dludla JOHANNESBURG (Reuters) – Aspen Pharmacare expects a boost from a sterile manufacturing contract for mRNA products reaching the market and portfolio acquisitions in the second half after the South African drugmaker reported a 2% rise in half-year core profit. The company said it anticipates mid-single digit growth in normalised earnings before interest, …
Aspen Pharmacare expects FY mid-single digit earnings growth Read More »
DUBAI (Reuters) – Egypt began the executive process for offering the management and operation of Egyptian airports to the private sector, a cabinet statement said on Monday. Egypt is due to set an international tender for operating Egyptian airports, which include Cairo International Airport, the country’s civil aviation minister Mohamed Abbas Helmy has said. (Reporting …
Egypt begins process for offering operation of airports to private sector Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South Africa’s RCL will unbundle its Rainbow Chicken business and list it on the Johannesburg stock exchange as part of a strategic review, the food producer said on Monday as it reported half-year earnings growth of 52.6%. RCL, which owns brands such as Selati sugar, Ouma rusks and Yum Yum …
South Africa’s RCL Foods to spin-off and list Rainbow Chicken business Read More »
JOHANNESBURG (Reuters) -Vivendi’s French media company Canal+ will publish a firm intention to buy shares of South African pay-TV company MultiChoice that it does not already own by no later than April 8, it said on Monday. This follows a ruling on Wednesday by South Africa’s Takeover Regulations Panel that required Canal+ to immediately make …
Canal+ to make firm offer to buy remainder of S.Africa’s MultiChoice by April 8 Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) – South Africa’s AVI Ltd reported half-year earnings growth of 17.4% on Monday as the food producer and fashion retailer lifted prices to put a lid on rising input costs. Consumer goods producers globally have lifted prices to cope with surging costs for almost all raw materials, energy and packaging …
By Emma Farge and Rachna Uppal ABU DHABI (Reuters) -It was billed as the “reform ministerial” that could lay a platform for updated global trading rules fit for modern challenges, from climate change to rising agricultural and industrial subsidies. But from day one at the World Trade Organization’s biennial gathering of ministers, the warning signs …
Rocky start set WTO talks up for minimal results Read More »
