By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -A gauge of global equity markets rose and the dollar was mostly flat on Monday as expected talks in Washington about the debt ceiling raised concerns, while U.S. inflation data later this week should add clarity on Federal Reserve monetary policy. Treasury yields rose on increased …
Shares rise, dollar flat ahead of key U.S. inflation data Read More »
By Foo Yun Chee BRUSSELS (Reuters) – German business software maker SAP and German engineering company Siemens have joined U.S. tech giants in criticising draft EU laws on the use of data generated by smart gadgets and other consumer goods. EU countries and EU lawmakers are working on the details of the Data Act, proposed …
EU draft Data Act puts trade secrets at risk, Siemens, SAP say Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 2% on Monday as U.S. recession fears eased and some traders saw crude’s three-week slide on demand worries as overdone. Brent crude settled up $1.71, or 2.3%, at $77.01. U.S. West Texas Intermediate (WTI) crude also gained $1.82, or 2.6%, to $73.16. A healthy U.S. …
Oil climbs over 2% as recession fears begin to fade Read More »
JOHANNESBURG (Reuters) -South Africa’s rand firmed and stocks rose on Monday, with the dollar slightly weaker on bets that U.S. interest rates have peaked. At 1541 GMT the rand traded at 18.2925 against the dollar, up about 0.7% from its closing level on Friday. The dollar was down about 0.1% against a basket of major …
CAIRO (Reuters) – Egypt’s headline inflation rate is likely to edge down in April from a five and a half year high the month before, a Reuters poll showed on Monday, helped by a favourable base effect, a steady currency and weaker commodity prices. The median forecast of 13 analysts polled showed annual urban consumer …
Egyptian inflation seen inching lower in April – Reuters poll Read More »
By Tannur Anders JOHANNESBURG (Reuters) -South African commercial property group Redefine is looking at boosting its solar power generation capacity as it seeks to reduce its reliance on struggling state-owned electricity utility Eskom, it said on Monday. Eskom is implementing the worst blackouts on record, often leaving households without electricity for up to 10 hours …
S.Africa’s Redefine to add more solar capacity to cope with blackouts Read More »
NAIROBI (Reuters) – The Kenyan shilling eased against the dollar in a thin market on Monday, as manufacturers sought foreign currency amid meagre dollar inflows, traders said. At 0921 GMT, commercial banks quoted the shilling at 136.50/70 per dollar, compared with 136.40/60 at Friday’s close. The shilling touched a new all-time low of 136.55/75 per …
Kenyan shilling eases on manufacturing FX demand Read More »
HARARE (Reuters) – Australia-listed Invictus Energy on Monday confirmed the presence of light oil, gas condensate and helium at its Cabora Bassa project in Zimbabwe, sending its shares up 8.7%. The company said that mud gas analysis from the Mukuyu-1 well drilled last year had proved the presence of hydrocarbons in multiple reservoir pay zones. …
Invictus Energy confirms oil, gas and helium find in Zimbabwe Read More »
DUBAI (Reuters) – Banking group Citi has appointed Omar Hafeez as head of its North Africa, Levant and Central Asia operations based in Dubai after a reorganisation of the company’s MENA region, it said on Monday. Hafeez transfers from Japan, where he was head of the corporate banking business, the third largest for Citi globally. …
Citi appoints new North Africa, Levant and Central Asia head Read More »
ABUJA (Reuters) – Nigerian President Muhammadu Buhari will commission the multi-billion dollar Dangote oil refinery in two weeks, a presidency spokesperson said on Sunday, setting up the plant for its first production since construction started in 2016. Nigeria, Africa’s biggest oil producer, sees the 650,000 barrels-per-day refinery – being built by billionaire industrialist Aliko Dangote’s …
Nigerian president to commission Dangote refinery in two weeks Read More »
