Dec 11 (Reuters) – Senegal’s energy ministry on Thursday rowed back on previous comments from its minister that it planned to nationalise the Yakaar-Teranga gas field, of which U.S. firm Kosmos owns 90%, with both parties indicating the licence would be returned to the state by next July. Senegal’s Energy Minister Birame Souleye Diop said …
JOHANNESBURG, Dec 11 (Reuters) – The South African rand edged lower against the dollar on Thursday following local data releases, including formal sector employment, mining and manufacturing reports, and a business confidence index. At 1308 GMT, the rand traded at 16.9375 against the dollar, about 0.2% down from the previous session’s close. South Africa’s mining …
South African rand eases after release of local data Read More »
NAIROBI, Dec 11 (Reuters) – South Sudan has sent its troops to neighbouring Sudan to guard the strategic Heglig oil field near the border, its military head said on Thursday, days after the paramilitary Rapid Support Forces (RSF) took control of it. Heglig houses the main processing facility for South Sudanese oil, which makes up …
South Sudan says its troops are guarding strategic Heglig oil field in Sudan Read More »
ACCRA, Dec 11 (Reuters) – The Ghanaian and Zambian currencies could lose ground against the dollar in the next week to Thursday, while those of Kenya, Nigeria and Uganda are expected to be little changed, traders said. GHANA Ghana’s cedi may slip on persistent foreign-currency demand, mostly from offshore investors and local businesses importing goods. …
AFRICA-FX-Ghanaian and Zambian currencies could slip Read More »
JOHANNESBURG, Dec 11 (Reuters) – South Africa’s manufacturing output rose 0.2% year on year in October, after rising by a revised 1.0% year on year in September, statistics agency data showed on Thursday. Factory production increased 1.0% month on month in October, after increasing by a revised 0.3% month on month in September. (Reporting by …
South Africa’s October manufacturing output rises 0.2% y/y Read More »
By Ammu Kannampilly NAIROBI, Dec 11 – The United States threatened on Thursday to reduce its foreign assistance to South Sudan unless Juba lifts what it said were illicit fees on humanitarian shipments. In an unusually pointed statement entitled “Time to Stop Taking Advantage of the United States,” the U.S. Bureau of African Affairs accused South …
US threatens cuts to South Sudan aid over humanitarian fees Read More »
JOHANNESBURG, Dec 11 (Reuters) – A U.S. House committee on Wednesday approved a bill that would renew for another three years Washington’s preferential trade programme for Africa, and there was no immediate mention of excluding South Africa as the U.S. trade envoy had said was possible. The African Growth and Opportunity Act (AGOA), a law …
By Tom Westbrook HONG KONG, Dec 11 (Reuters) – Stocks slid on Thursday after disappointing earnings at U.S. cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses after the Federal Reserve cut U.S. interest rates. Oracle shares tumbled more than 11% after hours, dragging S&P …
Oracle knocks stocks as Fed’s message drags on dollar Read More »
By Caroline Valetkevitch NEW YORK, Dec 10 (Reuters) – Major stock indexes jumped while U.S. Treasury yields declined on Wednesday after the Federal Reserve cut interest rates as expected and investors remained hopeful about further cuts ahead, even as the central bank signaled it will likely pause reductions for now. The U.S. dollar was lower against …
Stocks rise, yields and dollar fall after Fed cuts interest rates Read More »
By Gertrude Chavez-Dreyfuss, Chibuike Oguh and Laura Matthews NEW YORK, Dec 10 (Reuters) – The U.S. dollar fell against major peers including the euro, Swiss franc, and Japanese yen on Wednesday after the Federal Reserve lowered interest rates in a widely-expected move, but indicated it will likely pause its easing cycle at the next policy …
US dollar tumbles after Fed cuts rates, Powell comments Read More »
