JOHANNESBURG (Reuters) -The South African rand jumped on Wednesday as risk-off sentiment pushed U.S. Treasury yields lower, extending Tuesday’s gains. At 1603 GMT, the rand traded at 18.8350 against the dollar, nearly 1% stronger than its previous close. The dollar last traded about 0.05% stronger against a basket of global currencies. The rand’s gains this …
South African rand extends gains on lower U.S. yields Read More »
BAMAKO/PARIS (Reuters) – Air France has postponed its resumption of flights to Mali until further notice after the government there said on Wednesday it had not yet given authorisation for them to restart. Air France said on Tuesday it would resume flights to and from Mali’s capital Bamako on Oct. 13, having suspended them in …
Air France postpones resumption of flights to Mali Read More »
CAIRO (Reuters) – Moody’s downgraded five Egyptian banks, including the largest private bank, after it downgraded the country’s sovereign rating over its worsening debt affordability. The agency set state banks National Bank of Egypt, Banque Misr and Banque Du Caire, as well as privately owned Commercial International Bank, to CAA1 from B3, Moody’s said in …
Moody’s downgrades five Egyptian banks by one notch – note Read More »
By Rachel Savage MARRAKECH, Morocco (Reuters) – The head of South Africa’s central bank said on Wednesday the government needed to rebuild its fiscal buffers to help bring down inflation, and that he expected domestic interest rates to stay higher for longer. Governments globally need to join central banks in dismantling the stimulus of the …
South Africa cbank head: govt needs to rebuild fiscal buffers to disinflate Read More »
CAPE TOWN (Reuters) – The head of Nigeria’s oil regulator said he is “very optimistic” that oil major Exxon Mobil’s asset sale to Seplat Energy can move forward, he told Reuters on Wednesday. The regulator last year refused to approve the $1.28 billion sale, which some in the industry say is key to getting much-needed …
Nigerian oil regulator ‘optimistic’ on Exxon asset sale to Seplat Read More »
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics on Wednesday said its preliminary third-quarter profit dropped by a smaller-than-expected 78%, as the battered memory chip market shows early signs of recovering from a severe downturn. Samsung shares opened 3.3% higher versus a 1.4% rise in the wider market, as analysts said memory chip …
Samsung Q3 profit beats expectations, raising hopes of chip recovery Read More »
MARRAKECH, (Reuters) – Morocco’s state-owned phosphates and fertiliser producer OCP said on Tuesday it had signed an agreement with the International Finance Corporation (IFC), the World Bank’s investment arm, on a 100 million-euro ($106 million) loan to build two solar plants to increase production of low-carbon fertilizers. The two photovoltaic plants will be located in …
IFC loans Morocco’s OCP $106 million to build two solar power plants Read More »
By Ari Rabinovitch and Ron Bousso JERUSALEM (Reuters) -Chevron has halted natural gas exports through a major subsea pipeline between Israel and Egypt and is supplying gas via an alternative pipeline through Jordan, the company said on Tuesday. The decision to halt exports via the East Mediterranean Gas (EMG) pipeline came as fighting has intensified …
Chevron halts gas exports via EMG pipeline from Israel to Egypt Read More »
By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The euro strengthened as the dollar slid on Tuesday in response to a sharp drop in Treasury yields on the back of further dovish comments by Federal Reserve officials, as well as the prospect of stimulus from China. The benchmark 10-year Treasury note tumbled to a …
Dollar slips on dovish Fed remarks, China hopes help euro Read More »
By Erwin Seba HOUSTON (Reuters) -Oil prices settled lower on Tuesday, but bounced off session lows as concerns eased about potential supply disruptions from the battle between Israel and the Palestinian Islamist group Hamas, though traders remained watchful. Brent crude settled down 50 cents, or 0.57%, at $87.65 a barrel. U.S. West Texas Intermediate (WTI) …
Crude futures settle down on fewer worries of supply disruptions Read More »
