By Karin Strohecker LONDON (Reuters) -Ghana’s sovereign dollar bonds dropped sharply on Tuesday after a government presentation of debt rework scenarios that aimed for a haircut of 30% to 40% on the principal disappointed investors. Some bonds fell to their lowest level in three months, with the 2061 issue down as much as 2.9 cents …
Ghana dollar bonds tumble as investors balk at debt overhaul plans Read More »
By Wendell Roelf CAPE TOWN (Reuters) -Africa should be treated fairly while addressing global climate challenges as the continent contributes the smallest share to green house gas emissions globally, OPEC Secretary General Haitham Al Ghais said on Tuesday. Addressing an energy conference in Cape Town, the head of the Organization of the Petroleum Exporting Countries …
Energy-starved Africa needs fairer climate treatment: OPEC sec gen Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened against the dollar on Tuesday, ahead of closely-watched local inflation figures which could offer investors clues on the central bank’s potential rate path at its next policy meeting next month. At 1539 GMT, the rand traded at 18.7425 against the dollar, nearly 0.2% firmer than its previous close. …
South African rand strengthens ahead of inflation data Read More »
JOHANNESBURG (Reuters) -U.S. ecommerce firm Amazon said on Tuesday it would launch its online shopping service in South Africa in 2024, entering a market dominated by Naspers’ TakeAlot. The online retail giant said starting on Tuesday, independent sellers in South Africa could register their businesses on its marketplace website. The launch of Amazon’s service comes …
Amazon to launch online shopping service in South Africa in 2024 Read More »
HARARE (Reuters) – Tharisa Plc will delay commissioning its Karo mine in Zimbabwe by up to a year to June 2025 due to current weak platinum group metal (PGM) prices and an uncertain global economic outlook, the miner said on Tuesday. Tharisa is building the 194,000 ounce per year Karo PGM mine at a cost …
Tharisa delays Zimbabwe platinum mine, citing weak prices and uncertain economy Read More »
DUBAI (Reuters) – Egypt’s Suez Canal Economic Zone has signed a deal worth $6.75 billion with China Energy for green ammonia and green hydrogen projects to be established in the Sokhna Industrial Zone, a cabinet statement said on Tuesday. It also signed deal with Hong Kong-listed United Energy Group to establish a potassium chloride production …
Egypt’s Suez Canal Economic Zone signs energy deals worth up to $14.75 billion Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street jumped and benchmark Treasury yields climbed on Monday as investors embarked upon the first full week of third-quarter earnings while keeping a close eye on the Israel-Hamas conflict. The three major U.S. advanced nearly 1% or more in a broad rally that favored economically sensitive transports, …
Wall St ends sharply higher, Treasury yields gain as earnings, data loom Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar was mixed on Monday before a week heavy with speeches by Federal Reserve officials that will be watched for further clues on interest rate policy and as investors monitored developments in the Middle East. Traders are evaluating whether the U.S. central bank may hike interest rates …
By Erwin Seba HOUSTON (Reuters) -Oil futures fell more then $1 a barrel on Monday as expectations rose the U.S. and Venezuela could soon reach a deal easing sanctions on Venezuelan crude exports, while traders said the Israel-Hamas conflict did not appear to threaten oil supplies in the short term. Brent crude futures settled at …
Oil falls more that $1 a barrel on Venezuela deal hopes Read More »
By Rachel Savage MARRAKECH, Morocco (Reuters) – The International Monetary Fund (IMF) urged sub-Saharan African policymakers last week to cut costly fuel subsidies and raise more in taxes, measures that may be hard to implement as governments grapple with tough spending choices amid high debt. The region has been hit by repeated economic shocks since …
Analysis-Debt squeeze leaves sub-Saharan Africa’s governments in fiscal bind Read More »
