By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes edged up on Tuesday while U.S. Treasury yields eased as investors looked for more clues on how soon the Federal Reserve may start cutting interest rates. Overnight, Beijing ramped up efforts to put a floor under its stock market, boosting Chinese blue-chip stocks more than 3%. …
Stocks inch higher, Treasury yields ease; China ETFs gain Read More »
By Herbert Lash and Stefano Rebaudo NEW YORK (Reuters) -The dollar slid against major currencies on Tuesday, a day after it rose to its highest level in almost three months, as strong economic data and a hawkish stance on interest rates by Federal Reserve officials bolster the U.S. currency. Robust U.S. economic data, including a …
Dollar slips, Fed policy path on interest rates in focus Read More »
By Erwin Seba HOUSTON (Reuters) – Brent and U.S. crude futures initially climbed over $1 a barrel on Tuesday after the U.S. Energy Department said crude oil production would grow less than forecast but then gave up some of the gains on talk of a possible lengthy cease-fire in the Gaza War. Brent crude futures …
Brent, US crude futures give up some gains on talk of Gaza ceasefire Read More »
By Felix Njini and Veronica Brown CAPE TOWN (Reuters) – Zambia is keen to negotiate larger holdings in new mining projects in order to raise its revenue and boost spending by investors on social projects, mines minister Paul Kabuswe said. The push by Lusaka through state-owned ZCCM-IH would apply to future agreements, but does not …
Zambia set to negotiate bigger stakes in new mining projects Read More »
By Anna Ringstrom and Rishika Sadam STOCKHOLM (Reuters) -Novo Holdings, the controlling shareholder of Danish obesity drugmaker Novo Nordisk, said on Tuesday it was investing in Indian private hospital chain Manipal Hospitals, as it seeks to tap into growing market potential in Asia. “It (the investment) represents our commitment towards filling the gap between the …
Novo Nordisk’s parent invests in India’s Manipal hospital chain Read More »
By Veronica Brown and Felix Njini CAPE TOWN (Reuters) – Diamond producers De Beers, a unit of miner Anglo American, and Botswana’s state-owned Okavango Diamond Company asked the Group of Seven (G7) to consider unintended consequences as the block prepares to impose the second phase of a ban on Russian diamonds, concerned that African prices …
De Beers, Botswana flag concerns to G7 on diamond sanctions Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was stronger on Tuesday, as the U.S. dollar slipped from the previous day’s 11-week high on lowered expectations of an early interest rate cut by the Federal Reserve. At 1600 GMT, the rand traded at 18.8825 against the dollar, over 1% stronger than Monday’s close. The dollar index was last …
South African rand firms against dollar, focus on president’s address Read More »
By Wendell Roelf CAPE TOWN (Reuters) -Anglo America unit De Beers has signed agreements with Angola on diamond processing and exploration prospects, CEO Al Cook said on Tuesday, as the diamond producer deepens its presence in the southern African country. The agreements, including one with Angola’s state-owned diamond company Endiama, build on exploration contracts signed …
De Beers pursues new diamond prospects and best practice in Angola Read More »
By Sethuraman N R QUITOL, India (Reuters) -Oil India is talks with stakeholders to restart drilling in Libya, thirteen years after the company exited the country due to political instability, a top company official told Reuters. “Because of some issues there was a haitus. There is a resumption of talks,” Oil India chairman Ranjit Rath …
JOHANNESBURG (Reuters) – South Africa’s takeover panel said on Tuesday it was looking into MultiChoice Group and Vivendi’s Canal Plus, after MultiChoice ended potential buyout talks with its top shareholder Canal Plus on Feb 5. Canal Plus, a top shareholder in MultiChoice, had on Thursday offered 105 rand ($5.52) per share for every MultiChoice share …
S.Africa’s takeover panel reviewing Canal Plus’ attempt to buyout MultiChoice Read More »
