JOHANNESBURG (Reuters) – South Africa’s rand strengthened in thin trade on the last day of trading for the year on Friday, helped by positive domestic economic data. At 1320 GMT, the rand traded at 18.40 against the US dollar, about 0.8% stronger than its previous close. But the rand is down about 7.5% against the …
South African rand firmer in light trade, but down 7.5% in 2023 Read More »
NAIROBI (Reuters) – Kenya’s economy grew 5.9% year-on-year in the third quarter of this year, compared to 4.3% growth in the same quarter of 2022, official data showed on Friday. “This growth was mainly supported by a rebound in agricultural activities that had contracted in 2022,” the Kenya National Bureau of Statistics (KNBS) said in …
Kenyan economic growth rises to 5.9% year-on-year in Q3 Read More »
NAIROBI (Reuters) – Kenya’s inflation slowed slightly to 6.6% year on year in December, down from 6.8% in November, the statistics office said on Friday. On a month-on-month basis inflation was 0.4%, compared to 0.2% in November, the Kenya National Bureau of Statistics (KNBS) said in a report. Transport, housing and utilities, and food were …
Kenya inflation slows slightly to 6.6% year on year in December Read More »
By Lawrence Delevingne and Tom Wilson (Reuters) -World shares edged up on Thursday as expectations of interest rate cuts stretched a rally in U.S. stocks, while benchmark Treasury yields and the dollar lifted slightly from five-month lows. On Wall Street, the Dow Jones Industrial Average rose 0.14%, while the Nasdaq Composite and the S&P 500 …
Shares hold gains as rate cuts eyed for New Year Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar dipped against the Japanese yen on Thursday on expectations the Federal Reserve will cut interest rates next year, but rebounded from earlier losses against the euro in choppy trading. The greenback has declined as expectations of rate cuts have increased, notably after the Fed’s unexpectedly dovish stance …
Dollar falls against yen, gains on euro in choppy trading Read More »
By Shariq Khan BENGALURU (Reuters) -Oil prices fell 3% on Thursday as more shipping companies said they were ready to transit the Red Sea route, easing concerns about supply disruptions as Middle Eastern tensions stay elevated. The more active Brent crude futures for March delivery settled down $2.39, or 3%, at $77.15. Brent futures for …
Oil prices settle down 3% as Red Sea shipping disruptions ease Read More »
LONDON (Reuters) – Exports of four main Nigerian crude oil grades in February are set to average about 657,000 barrels per day (bpd), according to preliminary programmes, down slightly from the previous month. The scheduled loadings of Bonny Light, Bonga, Qua Iboe and Forcados crude oil streams stood at 792,000 bpd for January, according to …
JOHANNESBURG (Reuters) – South Africa’s rand slipped in thin trading on Thursday with no market-moving news expected locally ahead of several economic data releases on Friday. At 1002 GMT, the rand traded at 18.5550 against the dollar, over 0.8% lower than its previous close. “Volumes remain low and liquidity is very thin,” said Andre Cilliers, …
South African rand weakens in thin trade ahead of local economic releases Read More »
DUBAI (Reuters) – The United Arab Emirates has completed negotiations for a bilateral trade agreement with the Republic of Congo, the second such deal announced with an African state in a week. “The breadth of the UAE’s trade network continues to broaden as we conclude negotiations toward a Comprehensive Economic Partnership Agreement with the Republic …
UAE concludes trade talks with Republic of Congo Read More »
By MacDonald Dzirutwe LAGOS (Reuters) -Nigeria’s competition commission has ordered British American Tobacco (BAT) to pay a $110 million fine following allegations of market dominance abuse and infringement of public health regulations, the watchdog said on Wednesday. The Federal Competition & Consumer Protection Commission (FCCPC) said the maker of Lucky Strike and Dunhill cigarettes had …
Nigerian competition watchdog fines British American Tobacco $110 million Read More »
