By Felix Onuah ABUJA (Reuters) – Nigeria’s central bank plans to take measures that will impact currency markets in a few days time, its acting governor said on Monday, after meeting President Bola Tinubu to discuss ways to improve dollar liquidity on the official market. Acting central bank governor Folashodun Shonubi’s meeting with Tinubu comes …
Nigeria central bank to make moves impacting FX markets in days Read More »
JOHANNESBURG (Reuters) -The South African rand weakened on Monday, hampered at the start of the week by worries over the health of China’s economy and the potential for another U.S. interest rate hike. At 1516 GMT, the rand was at 19.0475 to the dollar, about 0.44% weaker than its closing level on Friday. Analysts said …
South African rand starts week on back foot on China, Fed worries Read More »
By Natalie Grover LONDON (Reuters) – Exports of Nigeria’s Forcados grade of crude oil resumed on Sunday, a Shell spokesperson said on Monday, roughly a month after loadings of the medium sweet grade were suspended because of a potential leak at the export terminal. Sources had told Reuters that exports of the grade, which was …
Nigeria’s Forcados crude oil exports have resumed, says Shell Read More »
(Reuters) – South Africa’s Northam Platinum on Monday said it expects its annual profit to decline by as much as 12.5% despite increased production due to higher costs and weaker metal prices. Northam expects headline earnings per share (HEPS) – the most common profit measure in South Africa – of between 22.84 and 25.46 rand …
S.Africa’s Northam expects lower profit on costs, weaker metal prices Read More »
JOHANNESBURG (Reuters) -South African lender Absa Group on Monday posted a marginal rise in interim profit as it benefited from higher interest rates, which was partly offset by higher impairments. The lender posted a headline earnings per share of 13.21 rand ($0.6945) for the half year ended June 30, against 12.67 rand the corresponding period …
South African lender Absa posts marginal rise in interim profit Read More »
By Sinéad Carew NEW YORK (Reuters) – A global index of stocks fell on Friday while U.S. Treasury yields rose after a July inflation reading showed prices rising slightly faster than expected, fueling expectations the Federal Reserve will keep interest rates higher for longer. The U.S. producer price index (PPI) for final demand rose 0.3% …
Stocks fall, yields rise after hotter than expected inflation reading Read More »
By Herbert Lash NEW YORK (Reuters) -The dollar rose on Friday after a slightly bigger increase in U.S. producer prices in July lifted Treasury yields higher even as speculation grows that the Federal Reserve is at the end of hiking interest rates. Rebounding cost of services at the fastest pace in nearly a year pushed …
By Shariq Khan BENGALURU (Reuters) -Oil prices edged higher on Friday after the International Energy Agency forecast record global demand and tightening supplies, propelling prices to the seventh straight week of gains, the longest such streak since 2022. Brent crude futures rose 41 cents, or 0.5%, to settle $86.81 a barrel, while U.S. West Texas …
Oil up on record demand forecast, 7th straight weekly gain Read More »
BRUSSELS (Reuters) – Brussels Airlines, a Belgian subsidiary of Lufthansa (LHAG.DE), has temporarily stopped flying to Angola after Niger’s junta closed its airspace on Sunday, a spokesperson for the airline said on Friday. The airline flew to Angola two times a week through a triangle flight that connected Brussels to Congo’s Kinshasa and Angola’s Luanda. …
Brussels Airlines to halt flying to Angola due to Niger’s closed airspace Read More »
JOHANNESBURG (Reuters) -The South African rand was flat on Friday, after former president Jacob Zuma avoided being returned to jail thanks to a reduction in his sentence approved by the current president, a move that eliminated a scenario that could have hit businesses. There were fears there could be violent protests if Zuma had been …
South African rand unchanged after Zuma avoids return to jail Read More »
