By Herbert Lash NEW YORK (Reuters) – Global shares rallied and the dollar eased on Tuesday after U.S. consumer price data showed inflation barely rose in May, increasing expectations the Federal Reserve will pause hiking interest rates when it concludes a two-day meeting on Wednesday. The annual increase in the consumer price index was the …
Stocks jump, dollar eases as inflation data suggests Fed pause Read More »
JOHANNESBURG (Reuters) -The South African rand was little changed on Tuesday as the dollar slipped ahead of a Federal Reserve monetary policy meeting. At 1535 GMT, the rand traded at 18.5675 against the dollar, not far from its previous close. The dollar was last trading down about 0.25% at 103.32 against a basket of global …
South African rand little changed ahead of Fed meeting Read More »
By Promit Mukherjee and Carien du Plessis JOHANNESBURG (Reuters) -South Africa is seeking affordable solar panels, wind turbines, battery storage and renewables technology from China, its electricity minister said on Tuesday, as it struggles to put an end to a crippling energy crisis. South Africa, the world’s 12th biggest carbon emitter, is grappling with the …
South Africa woos China to help solve energy crisis Read More »
By Tannur Anders JOHANNESBURG (Reuters) -The chief executive of South Africa’s third-biggest telecom company Telkom said on Tuesday his company did not need saving, as he reacted to an acquisition bid led by his predecessor and a steep fall in full-year earnings. “We do not need a knight in shining armour, be it my former …
S.Africa’s Telkom says does not need saving after acquisition offer Read More »
By Nayera Abdallah and Nadine Awadalla CAIRO (Reuters) – Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its sprawling food subsidy programme out of a 3 trillion pound budget for the financial year starting on July 1, a document seen by Reuters on Tuesday showed. Egypt, a nation of 105 million people, is …
Egypt to allocate $4.1 billion for food subsidies in 2023/24 – document Read More »
JOHANNESBURG (Reuters) – South African pay television company MultiChoice Group said on Tuesday its annual profit rose 2% with strong subscriber growth and profit elsewhere in Africa offsetting poor market conditions in its home country. For the year to March 31, core headline earnings per share, which strips off some non-recurring costs and foreign currency …
S.Africa’s MultiChoice posts rise in profit but withholds dividend Read More »
By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s banking stock index rose more than 8% on Tuesday as local investors reacted to the suspension late last week of central bank governor Godwin Emefiele, who oversaw restrictive policies that cramped their earnings. Tuesday was the first opportunity for investors to react to the news as Nigerian markets were …
Nigerian banking stocks rise 8% after central bank governor suspended Read More »
LAGOS (Reuters) – TotalEnergies has discovered oil and gas at the OML 102 offshore oilfield in Nigeria, the French company said on Tuesday. “This new success in the area further demonstrates the potential of nearby exploration to create value within our low cost, low emission strategy,” said Nicolas Terraz, president, exploration & production, at TotalEnergies. …
TotalEnergies announces Ntokon oil and gas discovery off Nigeria Read More »
By Sinéad Carew and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – Global stocks gained ground, hitting their highest level in more than a year on Monday, while U.S. Treasury yields and the dollar were virtually unchanged ahead of key U.S. inflation readings and interest rate decisions later this week from the U.S. Federal Reserve and other …
Equities gain as investors look for cooler inflation, Fed ‘pause’ Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar inched higher on Monday, trading in a narrow range as investors remained cautious ahead of several key policy decisions due this week, with the Federal Reserve expected to keep rates on hold for the first time since January 2022. Monetary policy meetings at the Fed, the …
US dollar inches higher ahead of inflation data, Fed rate decision Read More »
