JOHANNESBURG (Reuters) -The South African rand recovered slightly against the dollar on Tuesday as local traders fixed their eyes on inflation at home after softer U.S. consumer inflation data. At 1455 GMT, the rand traded at 19.0075 against the dollar, about 0.4% stronger than its previous close. The dollar last traded around 0.06% weaker against …
South African rand recovers ahead of local inflation data Read More »
JOHANNESBURG (Reuters) – South Africa’s manufacturing output rose 2.1% year on year in October after falling by a revised 4.1% in September, statistics agency data showed on Tuesday. Factory production was down 0.2% month on month in October, after dropping by a revised 0.8% in September. (Reporting by Bhargav Acharya; Editing by Alexander Winning)
(Reuters) – Jubilee Metals Group said on Tuesday it has formed a strategic partnership with Abu Dhabi-based International Resources Holdings (IRH) to recover copper from a historic waste dump in Zambia. Africa’s number 2 copper producer Zambia last month picked IRH, a unit of Abu Dhabi’s most valuable listed company International Holding Company (IHC), as …
Jubilee Metals forms Zambian copper recovery venture with UAE’s IRH Read More »
By Wendell Roelf CAPE TOWN (Reuters) -South Africa will launch a bidding process for an extra 2,500 megawatts (MW) of nuclear power by March, as the country attempts to tackle its worst power outages on record. Businesses and households have been left without power for up to 10 hours on some days this year, hitting …
South Africa to seek bids for new nuclear power station Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended in positive territory and gold slid on Monday, as investors looked ahead to crucial inflation data and the U.S. Federal Reserve’s two-day monetary policy meeting. In a busy week for central banks, the yen weakened for a second straight day as expectations faded for the …
Wall St notches new 2023 closing highs, gold slides ahead of CPI, Fed Read More »
By Karen Brettell NEW YORK (Reuters) -The Japanese yen weakened against the dollar on Monday for a second straight day, giving back most of a rally last week on expectations of less dovish monetary policy, and as investors awaited U.S. inflation data and three major central bank meetings. The Japanese currency surged on Thursday after …
Yen falls as Japan’s negative rates expected to persist Read More »
By Laura Sanicola (Reuters) -Oil prices settled up slightly on Monday as OPEC+ production cuts failed to fully offset worries around crude oversupply and softer fuel demand growth next year. Brent crude futures settled up 19 cents, or 0.3%, to $76.03 a barrel while U.S. West Texas Intermediate crude futures settled up 9 cents, or …
Oil settles slightly higher, investors still wary Read More »
By Dawit Endeshaw and Karin Strohecker ADDIS ABABA (Reuters) -Ethiopia will hold a call with its international bondholders on Thursday, a senior finance ministry official said, as the country is careening toward default, having said last week that it could not pay a $33 million bond coupon due on Monday. The finance ministry said on …
Ethiopia bondholder call scheduled for Thursday as default looms Read More »
By Marianna Parraga HOUSTON (Reuters) -Frontera Energy and CGX Energy expect to make a final investment decision by 2026 on developing a promising Guyana offshore block, with first oil output potentially by 2030, executives from the companies said on Monday. The Frontera-CGX joint venture could become the next group to advance an oil and gas …
Frontera, CGX to see first oil in Guyana by 2030, seek partners Read More »
DAKAR (Reuters) – Niger, Mali and Burkina Faso are eyeing a political and monetary alliance, Niger’s military leader said on national television of a move that could mark a further break with the West African regional bloc. Niger’s General Abdourahamane Tiani did not give a timeline or details about the project, but said it was …
Niger, Mali and Burkina Faso to move toward monetary alliance, Niger leader says Read More »
