DUBAI (Reuters) – Ethiopian Airlines on Tuesday placed an order for Boeing 737-8 MAX narrow-body jets, nearly five years after the fatal 2019 MAX aircraft crash that led to the grounding of the global fleet. In March 2019, an Ethiopian Airlines 737 MAX plane crashed shortly after take-off from Ethiopia’s capital Addis Ababa, killing all …
Ethiopian buys more Boeing 737 MAX nearly five years after deadly crash Read More »
(Reuters) – Europe will struggle to secure domestic supplies of vital battery mineral lithium due to permit delays and local opposition to projects, driving prices higher, Sibanye Stillwater CEO Neal Froneman said on Tuesday. Prices for battery-grade lithium have declined but remain at historically high levels and the market is forecast to move to mounting …
Lithium mine project hurdles will drive prices higher – Sibanye CEO Read More »
JOHANNESBURG (Reuters) -The South African rand leapt over 2% on Tuesday as the dollar slumped after softer-than-expected U.S. consumer inflation data boosted expectations that the Federal Reserve might be done with interest rate hikes. At 1500 GMT the rand traded at 18.3600 against the dollar, about 2% stronger than its previous close. The dollar last …
South African rand soars over 2% after U.S. inflation data Read More »
By Felix Onuah ABUJA (Reuters) – Nigerian President Bola Tinubu met top officials of the Islamic Development Bank (IsDB) to negotiate a “multi-billion dollar infrastructure finance facility” to help build ports and power plants, his spokesperson said on Tuesday. Tinubu held talks with IsDB vice president Mansur Muhtar late on Monday in Mecca, Saudi Arabia, …
Nigeria in talks with Islamic bank for infrastructure finance Read More »
DUBAI (Reuters) – EgyptAir is close to announcing a deal to buy around 10 Airbus A350s, according to sources familiar with the matter. The deal could be announced as soon as Tuesday morning at the Dubai Airshow, the sources said, declining to be identified as they were not authorised to discuss the matter publicly. Airbus …
EgyptAir nears deal for around 10 Airbus A350s -sources Read More »
By Koh Gui Qing and Naomi Rovnick LONDON/NEW YORK (Reuters) – Global stocks traded in a narrow range on Monday as the market focused on U.S. inflation data for more clues on whether global interest rates really have peaked. After two weeks of gains, MSCI’s gauge of global equities whipsawed between modest gains and losses, …
Global stocks hamstrung by inflation, interest rate worries Read More »
By Herbert Lash NEW YORK (Reuters) -The dollar climbed to its highest level in more than a year against the Japanese yen on Monday, near the key psychological level of 152, before falling sharply in a flurry of trading in $3.45 billion of options that come due this week. The dollar later traded little changed …
Dollar slips after hitting one-year high against yen Read More »
By Shariq Khan BENGALURU (Reuters) – Oil prices rose by more than 1% on Monday after OPEC’s monthly market report eased worries about waning demand and a U.S. probe into suspected violations of Russian oil sanctions raised concerns about potential supply disruptions. Brent crude futures rose by $1.09, or 1.3%, to settle at $82.52 a …
Oil settles up 1% as OPEC report dampens demand concerns Read More »
CAIRO (Reuters) -Egypt sold $1.61 billion of one-year, dollar-denominated T-bills at auction on Monday at an average yield of 5.15%, the central bank said. The bills, which will be settled on Nov. 14, replace a similar amount of maturing one-year dollar T-bills that bore an average yield of 4.60%. (Reporting By Moaz Abd-Alaziz, Omar Abdel …
Egypt sells $1.61 billion of one-year dollar T-bills -central bank Read More »
JOHANNESBURG (Reuters) – The South African rand edged lower against the dollar on Monday, ahead of several closely watched local and global economic data releases. At 1535 GMT, the rand traded at 18.7625 against the dollar, down 0.12% on its previous close. The dollar last traded around 0.09% stronger against a basket of global currencies. …
South African rand edges lower ahead of economic data releases Read More »
