JOHANNESBURG (Reuters) -South Africa’s rand slipped against the dollar on Wednesday as a drop in domestic inflation did little to prop up the currency ahead of an interest rate decision by the U.S. Federal Reserve. By 1512 GMT, the rand was trading at 19.0350 against the dollar, about 0.5% weaker than its previous close. Headline …
South African rand slips after inflation data, eyes on Fed Read More »
By Nelson Banya (Reuters) -Thungela Resources does not plan broad job cuts at its South African coal mines despite ongoing output curbs, as it plans to re-deploy staff to new projects that will start producing next year, CFO Deon Smith said on Wednesday. The thermal coal exporter’s South African production will be 1 million metric …
S.Africa’s Thungela says “not yet” cutting jobs despite production curbs Read More »
By Camillus Eboh ABUJA (Reuters) -Nigeria still needs to control inflation and stabilise its foreign exchange market to boost growth in Africa’s largest economy following currency reforms and the removal of a petrol subsidy, the World Bank said on Wednesday. Nigerian President Bola Tinubu has embarked on the country’s biggest reforms in decades, unifying the …
Nigeria needs to curb inflation, stabilize forex to boost growth, says World Bank Read More »
JOHANNESBURG (Reuters) – South Africa’s headline consumer inflation fell to 5.5% year on year in November from 5.9% in October, statistics agency data showed on Wednesday. Core inflation, which excludes food and fuel prices, rose to 4.5% year-on-year in November from 4.4% in October, the statistics agency said. November’s headline reading remains within the South …
By Vuyani Ndaba JOHANNESBURG (Reuters) – Inflation in South Africa will slow next year as global trends weighing on prices’ growth combine with weak domestic consumer spending, a Reuters poll found. From an estimated average of 5.8% this year, inflation is expected to decline to 5.0% next year and 4.5% in 2025, according to the …
South African inflation to slow in 2024- Reuters poll Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices fell more than 3% on Tuesday to their lowest level in six months on concerns of oversupply and after U.S. economic data showed an unexpected rise in consumer prices. Brent crude futures for February settled down $2.79, or 3.7%, to $73.24 a barrel. U.S. West Texas Intermediate …
Oil falls more than 3% on softening demand, oversupply concerns Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks advanced Tuesday and the dollar dipped after a report showed sticky U.S. inflation meandering lower as the Federal Reserve convened to assess policy and investors awaited a sign on when to expect interest rate cuts. Oil prices tumbled to their lowest in more than six months, with …
Wall St closes higher ahead of Fed; crude tumbles Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday before the Federal Reserve officials give updated economic and interest rate projections after their latest policy meeting on Wednesday. The greenback pared losses, however, after data showed that some areas of inflation remained relatively elevated in November even as price pressures were broadly …
By Raphael Satter WASHINGTON (Reuters) – Somali reporter Abdalle Ahmed Mumin was doubly distressed when he heard that a colleague had been abducted by masked gunmen at the University of Mogadishu on the morning of Aug. 17. A fellow journalist was missing and Mumin – the chairman of the Somali Journalists Syndicate – had little …
How cybercriminals are using Wyoming shell companies for global hacks Read More »
RABAT (Reuters) – The Moroccan government has given its go ahead for Ryanair to operate domestic flights in the country starting next summer, Morocco’s tourism minister said. Ryanair will be the third airline to operate flights in the North African country, after Moroccan carrier RAM and the UAE’s Air Arabia. “With the government’s approval, Ryanair …
Ryanair to start Morocco domestic flights in summer 2024- Minister Read More »
