(Reuters) -AngloGold Ashanti on Friday posted a 3% drop in 2023 output, weighed down by production slippages at key mines in Tanzania, Guinea and Ghana. Gold production for the year ended Dec. 31 fell to 2.593 million ounces from 2.672 million, it said in its full-year results, with the decline due mainly to lower ore …
By Nyasha Chingono HARARE (Reuters) – Zimbabwe wants miners to come forward by the end of March with plans to produce battery-grade lithium, despite a sharp fall in global prices for the mineral, a senior government official said on Friday. Africa’s top lithium producer Zimbabwe in November gave miners the March deadline to submit plans …
Zimbabwe wants lithium miners to plan new capacity despite price dive Read More »
ABUJA (Reuters) – Nigeria’s naira currency fell to a new record low in intraday trading on Thursday, FMDQ Exchange data showed on Friday, dropping below rates quoted on the parallel market despite the central bank selling dollars to boost liquidity. The naira fell as low as 1,851 to the dollar on the official market on …
Nigerian naira falls to new record low on official market -FMDQ Exchange Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar index dipped on Thursday but came off of a three-week low as investors waited on new data catalysts for clues on when the U.S. Federal Reserve is likely to begin cutting interest rates. The greenback has bounced this year as strong growth and sticky inflation lead …
By Hari Kishan, Indradip Ghosh and Sarupya Ganguly BENGALURU (Reuters) – The recent rally in global stocks has only a little further to go given last year’s unexpectedly sharp run-up, according to a Reuters poll of equity strategists who were evenly split on whether there will be a correction in the next three months. Starting …
Global stocks set for gains, not fireworks, in months ahead: Reuters poll Read More »
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) -AI chipmaker Nvidia’s stunning results sparked a worldwide wave of record highs in equity markets on Thursday, including the first new peak for Japan’s Nikkei since 1989, while bond yields mostly rose as economic data kept immediate hopes of interest rate cuts at bay. The benchmark …
Nvidia fuels global stock records, bond yields rise Read More »
By Georgina McCartney HOUSTON (Reuters) -Oil futures settled higher on Thursday as hostilities continued in the Red Sea with Iran-aligned Houthis stepping up attacks near Yemen, but a large build in U.S. crude inventories weighed on gains. Brent crude futures settled higher, up 64 cents or 0.77% at $83.67 a barrel. U.S. West Texas Intermediate …
Oil settles higher as pressure mounts in the Middle East Read More »
ACCRA (Reuters) -Ghana’s cocoa output for the 2023/24 season is expected to be almost 40% below a target of 820,000 metric tons, two sources from the country’s sector regulator COCOBOD told Reuters. Strong seasonal winds and a lack of rain are among the main factors behind the shortfall, along with smuggling, damage caused by illegal …
Ghana’s 2023/24 cocoa output seen almost 40% below target, sources say Read More »
BRUSSELS (Reuters) – Africa-focused energy trader Mocoh SA has set up a new biofuels trading arm with Clear Sustainable Energy Trading AG to target growing sustainable fuel demand from the shipping, aviation and power generation sectors, the company said on Thursday. The new trading firm, Mocoh Sustainable Energy Trading SA, will consist of up 5 …
Africa-focused energy trader Mocoh sets up biofuels arm Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened sharply on Thursday, reversing all of its gains and more from the previous day’s budget speech as the currency followed the direction of the U.S. dollar. At 1513 GMT, the rand traded at 19.1425 against the dollar, about 1.1% weaker than its previous close. The dollar index was trading …
South African rand falls sharply, tracking dollar Read More »
