JOHANNESBURG (Reuters) -The South African rand weakened on Wednesday, as the country continued to be battered by its worst rolling blackouts on record and as markets moved away from riskier assets. At 1503 GMT, the rand traded at 19.2300 against the dollar, nearly 0.2% weaker than its previous close. The dollar last traded around 0.2% …
South African rand falls on power cuts, risk-off sentiment Read More »
(Reuters) – Harmony Gold, South Africa’s top gold producer by output, on Wednesday reported two deaths at its Kusasalethu mine, 90 km (55.92 miles)west of Johannesburg. The work area has been temporarily closed pending an internal investigation, Harmony said. “Harmony Gold Mining Company regrets to announce that two employees tragically lost their lives at its …
S.Africa’s Harmony Gold reports two fatalities at Kusasalethu mine Read More »
CAIRO (Reuters) – Headline inflation in Egypt is expected to surge to a new record high in August after having broken records in both June and July, a Reuters poll showed on Tuesday, with tobacco, culture and recreation prices increasing. The median forecast of 14 analysts polled showed annual urban consumer inflation climbing to 37.1% …
Inflation in Egypt seen hitting new high in August: Reuters poll Read More »
COPENHAGEN (Reuters) -Denmark’s supreme court on Wednesday ruled against Maersk and TotalEnergies in a tax case involving the alleged misuse of transfer pricing in the companies’ business in Algeria and Qatar. The case was filed by the Danish tax authorities saying that Maersk’s oil unit, which it sold to TotalEnergies in 2017, had evaded tax …
Danish supreme court rules against Maersk and TotalEnergies in tax case Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – World stock indexes eased and benchmark 10-year Treasury yields rose to their highest in more than a week on Tuesday as oil prices jumped and investors weighed prospects for further U.S. interest rate hikes. Orders for U.S. factory goods declined less than expected in July, according to data. …
Stocks decline, Treasury yields jump as investors weigh rate outlook Read More »
(Reuters) – Credit ratings agency Fitch said on Tuesday it has placed Gabon on “rating watch negative” (RWN), citing high political uncertainty in the Central African nation following a military coup last month. In West and Central Africa’s eighth coup in three years, military officers seized power on Aug. 30, minutes after an announcement that …
Fitch places Gabon on ‘rating watch negative’ following coup Read More »
By Felix Njini and Clara Denina NAIROBI/LONDON (Reuters) – At least three South African miners are in the running to buy Botswana’s Khoemacau copper mine that is home to one of Africa’s largest copper deposits, several sources told Reuters, as growing demand for the metal ensures strong competition for the sought-after asset. Johannesburg-listed Impala Platinum, …
South African miners join race to buy Botswana’s Khoemacau copper mine -sources Read More »
By Shariq Khan BENGALURU (Reuters) – Oil prices rose a dollar a barrel on Tuesday to their highest since November, after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year, worrying investors about potential shortages during peak winter demand. Brent crude futures rose by $1.04, or 1.2%, to settle …
Oil prices settle at 10-month high as Saudi, Russia extend supply cuts Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose to a near six-month high against a basket of currencies on Tuesday as jitters over global growth, particularly in China, caused investors to flock to the safe-haven U.S. currency. The Aussie dollar slumped after the Reserve Bank of Australia kept rates steady. China’s services activity …
US dollar rises on global growth worries; Aussie down Read More »
By Frank Phiri LILONGWE (Reuters) – Malawi’s finance minister said on Tuesday he was “very optimistic” that the country’s $1.2 billion external debt would be restructured and it would secure a new International Monetary Fund loan programme by the end of the year. Malawi needs to get assurance letters from its “two main bilateral donors” …
Malawi Finance Minister ‘optimistic’ of debt restructuring, new IMF loan by year end Read More »
