By Ron Bousso, America Hernandez and Wendell Roelf PARIS/CAPE TOWN – International companies and the government of Namibia had high hopes only months ago they could quickly cash in on offshore discoveries and turn the country they saw as the world’s last frontier of untapped oil into a prolific producer. They have since hit a …
By Koh Gui Qing and Dhara Ranasinghe NEW YORK/LONDON (Reuters) – Wall Street tore to record highs on Wednesday and major stock markets around the world surged, while bitcoin hit an all-time-high and the dollar was set for its biggest one-day jump in four years after Donald Trump was elected U.S. president. Trump’s decisive victory …
Trump presidency lifts Wall St to record high; dollar, Treasury yields surge Read More »
By Karen Brettell (Reuters) -The dollar soared to a four-month high on Wednesday after Republican Donald Trump won the U.S. presidential election, with policies on immigration, tax and trade expected to spur higher U.S. growth and inflation. Trump beat Democrat Vice President Kamala Harris to retake the White House while Republicans also won a U.S. …
Dollar soars, euro tumbles as Trump wins US presidential election Read More »
By Georgina McCartney HOUSTON (Reuters) -Oil prices settled lower on Wednesday as investors weighed a strong U.S. dollar against the potential that U.S. President-elect Donald Trump’s foreign-policy plans could squeeze global oil supply. Brent crude oil futures settled down 61 cents, or 0.81%, at $74.92 per barrel. U.S. West Texas Intermediate (WTI) crude settled down …
Oil settles lower as US dollar surges, investors take stock of Trump victory Read More »
By Mrinalika Roy (Reuters) – ExxonMobil now expects a final investment decision for its Rovuma liquefied natural gas (LNG) project in Mozambique in 2026, the company said on Wednesday, pushing back the financial go-ahead by roughly a quarter. The company had said in May it expected the final investment decision for the project at the …
Exxon expects final investment decision for Mozambique LNG project in 2026 Read More »
(Reuters) – South Africa’s National Union of Mineworkers (NUM) said on Wednesday it had agreed a wage deal with Sibanye Stillwater’s gold operations after months of negotiations. The diversified miner agreed to increase monthly pay for its lowest paid workers by 900 rand ($50.91), while miners, artisans and officials would get a 5.5% raise, NUM …
S.Africa’s Sibanye agrees wage deal for its gold operations, union says Read More »
By Bhargav Acharya and Tannur Anders JOHANNESBURG (Reuters) -The South African rand plunged against a buoyant dollar on Wednesday as “Trump trades” surged, after Donald Trump won the U.S. election. Republican Trump recaptured the White House on Wednesday by securing more than the 270 Electoral College votes needed to win the presidency, four years after …
South African rand nosedives as Trump wins US election Read More »
CAIRO (Reuters) – Inflation in Egypt is estimated to have climbed to 27.0% in October, pushed up by higher education costs and a fuel price increase in the middle of the month, according to a poll released on Wednesday. The median forecast of 17 analysts was for annual urban consumer inflation to increase to 27% …
Egyptian inflation seen as having risen to 27% in October Read More »
By Maxwell Akalaare Adombila ASAMANKESE (Reuters) – Ghana’s cocoa production is expected to rebound in the 2024/25 crop season, buoyed by favourable weather conditions, according to local farmers, officials from regulatory body Cocobod, and buyers. However, challenges such as illegal gold mining, smuggling, and disease continue to pose risks. In June, the world’s second-largest cocoa …
Ghana expects 2024/25 cocoa production resurgence Read More »
ACCRA (Reuters) – Ghana’s consumer inflation rose for the second month in a row in October, to 22.1% year on year from 21.5% in September, the statistics service said on Wednesday. Government statistician Samuel Kobina Annim told a news conference that both food and non-food inflation had quickened last month. “Three divisions – food and …
Ghana inflation rises for second month in October Read More »
