JOHANNESBURG (Reuters) -The South African rand softened on Friday as geopolitical tension, a U.S. government shutdown and tariff-related economic uncertainties kept investors on edge and this week’s rally in commodities paused. At 1303 GMT the rand traded at 17.21 against the dollar, about 0.3% weaker than Thursday’s close. The dollar fell slightly against a basket …
South African rand slips as commodities take a breather Read More »
By Divya Rajagopal and Portia Crowe TORONTO/DAKAR (Reuters) -Blasting is scheduled to begin at Barrick Mining’s Loulo underground gold mine in Mali on October 15, four months after a court-appointed provisional administration took control of the site, two sources told Reuters. Under the provisional administration, operations at the Loulo-Gounkoto gold complex have so far been …
GABORONE (Reuters) -Botswana has enforced a new rule requiring mining companies to sell a 24% stake in new concessions to local investors if the government chooses not to buy the stake, its mines ministry said on Friday. The rule was proposed last year as part of draft legislation, but the government had not said when …
Botswana enforces new 24% local ownership rule for mines Read More »
(Reuters) -The International Monetary Fund (IMF) said on Friday that it had reached a staff-level agreement with Ghana’s authorities on the fifth review of the country’s loan programme. Once approved by the IMF’s Executive Board, Ghana will gain access to about $385 million, taking disbursements to date to more than $2.8 billion, the Fund said …
IMF staff agree Ghana programme review that could unlock $385 million Read More »
JOHANNESBURG (Reuters) -The European Union has pledged to invest 11.5 billion euros ($13.3 billion) in South Africa in clean energy, infrastructure and pharmaceutical projects, it said late on Thursday. A large chunk of the investment aims to accelerate South Africa’s shift to renewable energy through new power generation capacity, grid upgrades, energy storage and green …
EU pledges 11.5 billion euros of investment in South Africa Read More »
By Kopano Gumbi JOHANNESBURG (Reuters) -South Africa is on track to meet its two main fiscal targets this year, stabilising its public debt and increasing the size of its primary budget surplus, the head of the National Treasury told Reuters. “We are in a period of fairly healthy budget dynamics,” Director-General Duncan Pieterse said in …
South Africa is on track to meet key fiscal targets, Treasury says Read More »
(Reuters) -The International Monetary Fund said on Friday that a staff visit to Kenya took stock of the latest macroeconomic developments and discussed reforms that could pave the way for a new programme. The IMF said in a statement that policy priorities included “measures to enhance fiscal policy credibility, ensure sustainability of public finances and …
IMF visit to Kenya discussed reforms that could lead to a new programme Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes eased on Thursday, while the dollar climbed to its highest level against the Japanese yen since mid-February as the newly elected leader of Japan’s ruling party failed to boost market confidence about the currency’s direction. Argentina’s international dollar bonds rallied and the local peso strengthened late …
Stocks fall, Argentina peso rises with US Treasury move Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled lower on Thursday after Israel and the Palestinian militant group Hamas signed an agreement to cease fire in Gaza. Brent crude futures closed down $1.03, or 1.6%, at $65.22 a barrel. U.S. West Texas Intermediate crude was down $1.04, or 1.7%, at $61.51. Israel and the Palestinian …
By John Biju and Kavya Balaraman (Reuters) -Gold prices fell 2% on Thursday, dipping below the $4,000/oz milestone breached for the first time in the previous session, as the dollar pushed higher and gold investors booked profits following a ceasefire deal between Israel and Hamas. Silver eased from its record high of $51.22 per ounce …
Gold falls below $4,000/oz, silver eases from record high Read More »
