(Reuters) -Coca-Cola expects to take an impairment charge of about $1 billion during the fourth quarter of 2025 related to the sale of a part of its interest in bottling operations in Africa, the beverage maker said in regulatory filing on Thursday. Shares of Coca-Cola dipped about 1% in late-afternoon session. On Tuesday, Swiss-based bottler …
Coca-Cola to incur $1 billion charge for African bottling stake sale Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices surged more than 5% to a two-week high on Thursday after Washington imposed sanctions on major Russian companies over the Ukraine war, while major stock indexes climbed as gains in U.S. and European energy shares helped to offset some mixed earnings news. The sanctions, announced late Wednesday, …
Oil jumps after Russia sanctions; stocks add to gains as Trump-Xi meeting confirmed Read More »
By Hannah Lang NEW YORK (Reuters) -The dollar drifted higher against the yen on Thursday as traders waited for the delayed release of U.S. consumer inflation data on Friday and weighed fresh U.S. sanctions on Russian oil companies, which boosted oil prices. The U.S. currency was last up 0.38% on the yen at 152.525 yen, …
Yen slides as traders eye new US sanctions, CPI data Read More »
(This October 22 story is repeated without any changes to the text.) LONDON (Reuters) -Shell has applied to gain the right to appeal against the decision of a South African court to block exploration in the offshore block 5/6/7, a Shell spokesperson said on Wednesday. “Shell has filed an application for leave to appeal alongside …
Shell applies to appeal against S.African court ruling blocking exploration Read More »
RABAT (Reuters) -Belgium has become the latest Western nation to endorse Morocco’s autonomy proposal as a solution for the decades-long Western Sahara dispute, according to a joint Moroccan-Belgian declaration signed Thursday. The long-frozen conflict, dating back to 1975, pits Morocco, which considers the desert territory as its own, against the Algeria-backed Polisario front, which seeks an …
Belgium backs Morocco’s autonomy plan for Western Sahara Read More »
By Maxwell Akalaare Adombila DAKAR (Reuters) -Ivory Coast’s fast-growing mining sector is bracing for potential disruption ahead of a tense presidential vote on Saturday, with President Alassane Ouattara seeking a fourth term and key opposition figures disqualified. Mining is a major part of efforts by Ouattara, an 83-year-old former IMF economist, to diversify the economy …
Ivory Coast’s mining boom faces test as Ouattara seeks fourth term Read More »
JOHANNESBURG (Reuters) -The rand edged up on Thursday after losing ground over the past couple of days, as cautious investors awaited news on South Africa’s possible removal from the Financial Action Task Force’s (FATF) “grey” list. At 1406 GMT the rand traded at 17.31 against the dollar, up about 0.6% from its previous close. The …
South African rand gains as traders eye possible ‘grey’ list exit Read More »
KHARTOUM (Reuters) -In the heart of Khartoum state’s largest industrial zone, an engineer bends over a broken machine with a pair of pliers and a bunch of wires, trying to breathe life back into a production line wrecked by more than two years of war. People who fled when the conflict erupted in 2023 started …
Khartoum’s shattered factories pick up the pieces as war rages Read More »
LUANDA (Reuters) -Lab-grown diamonds are losing their appeal due to oversupply and consumer preferences are starting to shift back to natural stones, World Diamond Council President Feriel Zerouki has said. The natural diamond industry has seen a price slump since mid-2022 after peaking earlier that year, mainly due to the rising popularity of lab-grown gems …
World Diamond Council head says lab-grown gems losing their sparkle Read More »
By Siyanda Mthethwa JOHANNEBSURG (Reuters) -Clicks Group, South Africa’s biggest pharmacy chain, said on Thursday that its full-year profit grew 14.1%, supported by improved trading margins and robust sales. The company’s diluted headline earnings per share, a key measure of profit in South Africa, rose to 1,362 cents for the year that ended on August …
South Africa’s Clicks Group reports 14% rise in annual profit Read More »
