By Curtis Williams and Ank Kuipers (Reuters) – Suriname said on Thursday it signed a memorandum of understanding with Trinidad and Tobago that aims to increase energy cooperation, and people familiar with the matter said it could lead to natural gas from Suriname being piped to Trinidad and Tobago. Trinidad and Tobago has been searching …
Trinidad and Tobago signs preliminary energy agreement with Suriname Read More »
By Herbert Lash NEW YORK (Reuters) -The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month. Private payrolls surged in June in the biggest rise since February 2022, an ADP National Employment report showed, while …
By Stephanie Kelly NEW YORK (Reuters) -Oil prices were near flat on Thursday as the market weighed tighter U.S. crude supplies with the higher likelihood of a U.S. interest rate hike that could dent energy demand. Brent crude futures settled 13 cents lower at $76.52 a barrel, after a 0.5% gain the previous day. U.S. …
Oil near flat as tighter supplies offset U.S. rate hike risk Read More »
DAKAR (Reuters) – Senegalese President Macky Sall promised investors on Thursday that “difficult and repressive” customs and tax rules would be reformed as the West African nation seeks to lure more foreign capital. Addressing more than 50 foreign delegations at an investment forum in the capital Dakar, Sall said Senegal had to simplify its administrative …
Senegal president tells investors ‘repressive’ rules will be simplified Read More »
JOHANNESBURG (Reuters) -South Africa’s rand and stocks tumbled on Thursday as the Federal Reserve’s June meeting minutes revealed a hawkish policy stance, prompting investors to move away from riskier assets. At 1500 GMT, the rand traded at 19.1000 against the dollar, almost 1.7% weaker than its previous close and its weakest since early June. The …
South African rand, stocks tumble as Fed minutes drive risk-off sentiment Read More »
ABUJA (Reuters) – Nigeria’s President Bola Tinubu has ordered the suspension of a newly introduced 10% tax on single-use plastics and excise duty on some locally manufactured products to reduce business costs in Africa’s biggest economy, his spokesman said on Thursday. Nigeria is one of the biggest plastic polluters on the continent, contributing some 2.5 …
Nigeria’s Tinubu suspends 10% plastic tax to cut costs Read More »
By Felix Njini NAIROBI (Reuters) – Gecamines aims to produce 30 metric tons of germanium a year at a plant which is nearing completion in the Democratic Republic of Congo, the state-owned copper and cobalt producer said on Thursday. Starting in September, the plant at Big Bill slag in Lubumbashi will process waste material from …
Congo’s Gecamines aims to get germanium out of new plant from October Read More »
By Trixie Yap and Matthew Chye SINGAPORE (Reuters) – Gasoil arrivals from Tunisia emerged for the second time in a month, data showed on Thursday, even though total middle distillates stockpiles in key trading hub Singapore fell by 3.7% week-on-week as higher net exports of jet fuel/kerosene superseded lower net exports for gasoil. Inventories of …
Gasoil from Tunisia arrives in Singapore for 2nd time in one month Read More »
ABUJA (Reuters) – Nigeria’s average daily petrol consumption has fallen by 28% since President Bola Tinubu scrapped a popular but costly subsidy on the fuel at the end of May, data from the industry regulator shows. Average daily petrol consumption fell to 48.43 million litres in June, down from the previous average of 66.9 million, …
Nigeria’s petrol use down 28% after subsidy scrapped, regulator says Read More »
NAIROBI (Reuters) – Kenya has secured a $500 million 3-year and 5-year syndicated medium-term loan facility, the banks leading the deal said on Thursday. The banks, which were acting as bookrunners, did not provide any details on the interest rate for the loan facility. The proceeds would be used by Kenya’s National Treasury to finance …
Kenya secures $500 million syndicated medium-term loan facility Read More »
