JOHANNESBURG (Reuters) -The South African rand slipped on Wednesday after September headline inflation ticked up, but the increase was smaller than expected, bolstering the case for the central bank to resume rate cuts. At 1255 GMT the rand traded at 17.46 against the dollar, about 0.5% down from its Tuesday close. Headline consumer inflation quickened …
South African rand slips after local inflation uptick Read More »
PARIS (Reuters) -Agrifood group ETG will close its grains and oilseeds business in Australia and refocus the rest of the division on supporting its core African activities, while also aiming to expand in other commodities, the company said on Wednesday. Founded in Kenya in 1967, ETG has activities across Africa and globally spanning crop and …
ETG to scale back grain business and expand in other commodities Read More »
CAPE TOWN (Reuters) -South Africa expects to lift the care and maintenance status of its Pebble Bed Modular Reactor (PBMR) by the first quarter of next year or even earlier, the electricity and energy minister said on Wednesday. Once considered a global leader in the development of small modular nuclear reactors, South Africa halted its …
South Africa aims to revive its small nuclear reactor technology Read More »
CAIRO (Reuters) -Egypt’s Suez Canal Authority said on Wednesday it had signed a $2 billion strategic partnership agreement with Anchorage Investments to establish a petrochemical complex in Ain Sokhna, Egypt. The first phase of the project aims to primarily produce polypropylene along with hydrogen. In a later phase, estimated to cost an additional $4.5 billion, …
Egypt’s Suez Canal Authority signs $2 billion petrochemical complex deal Read More »
RABAT (Reuters) -Morocco’s annual inflation, measured by the consumer price index, rose to 0.4% in September from 0.3% a month earlier, the North African country’s statistics agency said on Wednesday. Food prices, the main driver of inflation, rose 0.5% from a year earlier, while non-food inflation increased 0.4%. Core inflation, which excludes more volatile goods …
Morocco’s annual inflation rises to 0.4% in September Read More »
ABU DHABI (Reuters) -Egypt is formulating a new trade policy in preparation for upcoming regional agreements, Planning Minister Rania Al-Mashat said on Wednesday during a panel at the Reuters NEXT Gulf Summit in Abu Dhabi. Al-Mashat said the cost and pricing of imports from various regions will also be addressed in the new policy framework. …
REUTERS NEXT-Egypt plans new trade policy to address import costs and regional deals Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes were mostly near flat on Tuesday, with upbeat results and forecasts from top U.S. companies providing some support, while gold prices dropped more than 5% as investors took profits after a recent rally. The yen fell to a one-week low after conservative Sanae Takaichi was elected …
Stocks mostly flat but earnings a positive; gold drops 5% Read More »
By Mathieu Rosemain PARIS (Reuters) -BNP Paribas sought to reassure investors on Tuesday that it faces limited exposure to a Sudan-related litigation, although analysts said there was continued uncertainty and shares in the lender dropped again. A U.S. jury on Friday found the French bank helped Sudan’s government commit genocide by providing banking services that …
BNP struggles to dispel Sudan litigation concerns as shares drop Read More »
By Shariq Khan NEW YORK (Reuters) -Oil prices settled higher on Tuesday, bouncing off the previous session’s five-month lows, as investors reassessed expectations of a looming glut and sought clarity on the trade dispute between the U.S. and China, the world’s two biggest oil consumers. Brent crude futures rose 31 cents, or 0.5%, to settle …
Oil settles higher as investors focus on supply signals Read More »
By Portia Crowe and Libby George DAKAR (Reuters) -Senegal has raised its projections of debt service payments by about 3.2 trillion CFA francs ($5.8 billion) for the next three years in a revised budget document published last week. The West African country’s government is grappling with billions of dollars in debt that was not reported …
Senegal debt servicing projections for years ahead rise sharply, document shows Read More »
