MILAN (Reuters) – Global dividends fell 0.9% to $421.9 billion in the third quarter due to lower special dividends and a small number of corporations making large cuts to investor remuneration, a report showed on Wednesday. The figures by fund manager Janus Henderson reflect steep cuts across the mining sector, as well as large reductions …
JOHANNESBURG (Reuters) -The South African rand weakened against a stronger U.S. dollar on Wednesday despite better-than-expected local retail sales data. At 1512 GMT, the rand traded at 18.2400 against the dollar, 0.14% weaker than its previous close. The dollar was up around 0.3% against a basket of major currencies. It gained after U.S. retail sales …
South African rand weakens against stronger dollar; shares rise Read More »
By Eva Mathews and Shadia Nasralla (Reuters) -West Africa-focused Tullow Oil on Wednesday trimmed its 2023 production forecast, but raised its annual cash flow outlook and moved to ease concerns about its debts by tendering to buy back some of its bonds. The company raised its full-year free cash flow estimate to $150 million from …
Tullow Oil trims output forecast, but raises cash flow outlook Read More »
By Alexander Winning and Rachel Savage (Reuters) -Ethiopia has reached an agreement in principle with its official bilateral creditors on an interim debt-service suspension and will start talks to restructure a $1 billion Eurobond maturing next year, its finance ministry said on Wednesday. Ethiopia’s economy is under pressure from double-digit inflation, hard currency shortages and …
Ethiopia agrees bilateral debt-service suspension, seeks Eurobond restructuring Read More »
JOHANNESBURG (Reuters) – South African retailer Woolworths said on Wednesday it expects to report sales rose 4.7% in the 20-weeks ending Nov. 12 as it invested in its core businesses and newer products. The food, fashion and beauty retailer, which targets the mid- to upper-income segment of the country, had been leaking market share to …
South African retailer Woolworths’ sales to increase amid tough conditions Read More »
ACCRA (Reuters) – Ghana’s government and the public labour union on Tuesday agreed to increase the public service base pay by 23% across the board from January to June 2024, and readjusted to 25% from July to December 2024, they said in a joint statement. (Reporting by Maxwell Akalaare Adombila; Writing by Sofia Christensen; editing …
Ghana’s government and public labour union agree 23% rise in base pay Read More »
By Koh Gui Qing and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – World stocks soared on Tuesday after U.S. inflation data came in cooler than forecast in October, fuelling investor bets that an era of interest rate rises is over and borrowing costs may even soon start to fall. Data showed U.S. consumer prices were unchanged …
Wall St, European stocks fly on soft U.S. inflation data Read More »
ABUJA (Reuters) – Nigeria’s central bank said on Tuesday old bank notes that were due to be removed from circulation next month would now remain legal tender, ending months of uncertainty after an attempt earlier this year to remove them caused serious cash shortages. The Supreme Court in March ordered the Central Bank of Nigeria …
Nigeria central bank says old bank notes to remain legal tender Read More »
By Herbert Lash NEW YORK (Reuters) -The dollar fell more than 1% against major currencies on Tuesday after U.S. consumer price data showed the pace of inflation moderating further in October, increasing the odds that the Federal Reserve is done hiking interest rates. U.S. consumer prices were unchanged last month amid lower gasoline prices, the …
Dollar sinks after data shows US inflation cooling Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices were little changed on Tuesday, paring early gains on signs tensions in the Middle East could be easing and uncertainty about U.S. oil inventories. U.S. President Joe Biden said he was holding daily discussions to secure the release of hostages held by the Hamas militant group …
Oil steady; signs Middle East tensions easing offset higher demand forecasts Read More »
