(Reuters) – Anglo American Plc’s De Beers is confident ongoing talks with South Africa’s National Union of Mineworkers (NUM) will avert a wage strike at Venetia, the country’s largest diamond mine, the company said on Friday. On Tuesday, NUM, South Africa’s biggest mineworkers’ union, said it was planning a strike at Venetia, as De Beers …
De Beers ‘confident’ talks will avert strike at S.Africa’s Venetia mine Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes were mostly lower on Thursday, with the S&P 500 and Nasdaq falling with shares of Apple, and the U.S. dollar advanced after weaker-than-expected U.S. jobless claims data. Initial claims for state unemployment benefits fell unexpectedly to 216,000 in the week ended Sept. 2 from a …
Stocks fall with Apple, dollar rises after U.S. data Read More »
NAIROBI (Reuters) – Ghana’s sovereign wealth fund will invest almost $33 million in a lithium mine in the country and take a minority stake in its developer Atlantic Lithium, the company said on Friday. Ghana’s Minerals Income Investment Fund (MIIF) will buy a 6% stake in Atlantic Lithium’s projects in the country, including Ewoyaa, which …
Ghana sovereign wealth fund invests in nation’s first lithium mine Read More »
By Erwin Seba HOUSTON (Reuters) -Global benchmark Brent crude oil fell below $90 a barrel on Thursday in volatile trade, halting a near two-week rally, on multiple signals warning of weaker demand in the coming months. Brent crude futures settled 68 cents, or 0.8%, lower at $89.92 a barrel, after trading between $89.46 and $90.89. …
Brent falls below $90/bbl, pausing rally, on weaker demand outlook Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar gained on Thursday after earlier pushing the yen to a 10-month low and driving the euro and sterling to their weakest levels in three months, bolstered by a still-resilient U.S. economy that has defied expectations despite aggressive tightening by the Federal Reserve. China’s onshore yuan, on …
Dollar firmer on solid US data; China’s yuan tumbles to 16-year low Read More »
By Libby George LONDON (Reuters) -Nigerian state oil firm NNPC Ltd says a subsidiary of Italy’s Eni did not obtain its consent prior to announcing a deal to sell onshore oil assets to local firm Oando PLC, a failure that could have breached terms of a joint operating agreement, according to a letter seen by …
Nigeria’s NNPC says Eni unit did not obtain its consent in Oando sale – letter Read More »
JOHANNESBURG (Reuters) – The rand recovered some losses on Thursday after a consumer confidence index improved, although new data also showed that South Africa’s current account deficit had widened. At 1638 GMT, the rand traded at 19.1625 against the dollar, nearly 0.2% stronger than its previous close. The dollar last traded around 0.1% stronger against …
South African rand firms after consumer confidence, current account data Read More »
By Gloria Dickie and Jane Wardell LONDON (Reuters) – Africa’s role in the global energy transition is at a key turning point, finance and business leaders said in London on Thursday, with the potential to leapfrog ahead in green energy with the right funding and support. The continent is rich in the commodities needed for …
Africa presents challenges, solutions in clean energy transition Read More »
KINSHASA (Reuters) – China’s CMOC Group will raise its copper output in Democratic Republic of Congo to 600,000 metric tons next year, after it recently agreed to end a dispute with state-miner Gecamines, it said on Thursday. The Chinese miner said it is ramping up output at Tenke Fungurume Mining (TFM), where exports of copper …
China’s CMOC to boost Congo copper output after ending row with Gecamines Read More »
By Jihed Abidellaoui TUNIS (Reuters) – Tunisia’s blisteringly hot summer has hit Tunisia’s small wine industry, damaging or destroying grapes and leaving farmers and vintners to fear for their future as climate change brings hotter, drier weather to North Africa. Estimates of how far wine output has fallen vary, from a roughly 20% drop according …
