Reuters Africa Business

By Joe Bavier, Nellie Peyton and Bhargav Acharya JOHANNESBURG (Reuters) -President Joe Biden’s administration wants to work with Congress to improve the United States’ flagship trade programme with Africa, not just renew it without changes, U.S. Secretary of State Antony Blinken said on Friday. First launched in 2000, the African Growth and Opportunity Act (AGOA) …

Biden wants to improve U.S.-Africa trade programme, not just renew it – Blinken Read More »

JOHANNESBURG (Reuters) -The South African rand extended gains on Friday as U.S. Treasury yields fell and data out of the U.S. showed fewer than expected jobs had been created in October, boosting hopes the Federal Reserve is done raising interest rates. At 1513 GMT, the rand traded at 18.2475 against the dollar, about 1% stronger …

South African rand extends gains as US Treasury yields fall Read More »

By Julia Payne and Libby George BRUSSELS/LONDON (Reuters) -Nigeria’s state oil firm NNPC Ltd will supply the new 650,000 barrel-per-day Dangote oil refinery with up to six cargoes of crude oil in December to be used in test runs, three industry sources with knowledge of the matter said. The refinery, funded by Africa’s richest man, …

Exclusive-Nigeria brings major Dangote refinery to life with own oil supply Read More »

By Stella Qiu SYDNEY (Reuters) – Asian shares and bonds extended a global rally on Thursday as a non-committal Federal Reserve Chair had markets double down on bets that U.S. interest rates have peaked and cuts are on the way. Investors are now awaiting the results from Apple later in the day, a bellwether for …

Asia shares, bonds rally as Powell feeds hopes of end to rate hikes Read More »

By Shariq Khan BENGALURU (Reuters) – Oil prices gained more than $2 a barrel on Thursday, breaking a three-day declining streak as risk appetite returned to financial markets a day after the U.S. Federal Reserve kept benchmark interest rates on hold. Brent crude futures rose $2.22, or 2.6%, to settle at $86.85 a barrel, while …

Oil rises nearly 3% after Fed, BoE keep rates unchanged Read More »

By Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar fell across the board on Thursday, as investors’ appetite for riskier currencies grew as they bet the Federal Reserve is done raising interest rates after holding them steady in the previous session. The Fed left interest rates unchanged on Wednesday as policymakers struggled …

Dollar weakens as risk appetite rises on view Fed rate hikes are done Read More »