Reuters Africa Business

LUANDA (Reuters) -Angola’s first major copper mine, Tetelo, will start production on October 29, officials said on Wednesday, part of the oil-rich African country’s efforts to diversify into clean energy minerals. The $250 million mine is owned by Shining Star Icarus, a partnership between China’s Shining Star International Group and Angola’s Sociedade Mineira de Cobre …

Angola’s first major copper mine to start production next week Read More »

By Nicole Jao NEW YORK (Reuters) -Oil prices extended gains after settlement on Wednesday after the U.S. imposed Ukraine-related sanctions on Russia, targeting oil companies. Brent crude futures were up $3.03 or 4.94% at  $64.35 after settlement at 6 p.m. EDT (2200 GMT) and U.S. West Texas Intermediate crude futures climbed $1.42 or 2.43% to …

Oil extends gains after settlement on new sanctions on Russian oil companies Read More »

By Stephen Culp NEW YORK (Reuters) -Wall Street closed lower on Wednesday as a wave of mixed earnings, including Netflix’s disappointing results, dampened risk sentiment as investors assessed reports that the Trump administration is considering curbs on exports to China made with U.S. software. All three major U.S. stock indexes extended their losses after the …

Wall Street ends lower on mixed earnings, revived US-China trade tensions Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -Most major stock indexes fell on Wednesday, with Netflix shares down after the company’s outlook disappointed, while spot gold prices declined, a day after they had the sharpest single-day drop in over five years. Gold, one of the year’s best-performing trades, slid as investors booked profits. It remains on course …

Stocks ease as Netflix falls; gold extends Tuesday’s fall  Read More »

By Hannah Lang NEW YORK (Reuters) -The pound fell on Wednesday after British inflation in September came in below forecasts, while the U.S. dollar fell slightly against the Japanese yen. The British pound was the weakest major currency on Wednesday after inflation unexpectedly held at 3.8%, undershooting expectations of economists and of the Bank of …

Sterling slips as UK inflation holds steady, dollar lower versus yen Read More »

(Corrects paragraph 6 to make clear Nigerian oil and gas are exempt from U.S. tariff of 15%) By Jana Choukeir and Nayera Abdallah ABU DHABI (Reuters) -Rich countries should not approach trade with Africa as a game of Minecraft in which they secure supplies of natural resources, but rather as a relationship based on mutual …

Trade with Africa not a game of Minecraft, says Nigerian minister Read More »