By Isla Binnie and Stephen Culp NEW YORK (Reuters) -Wall Street stock indexes broke a three-day string of artificial intelligence-fuelled records on Tuesday, and U.S. Treasury yields slid after Federal Reserve Chair Jerome Powell indicated a cautious approach to the next U.S. interest rate decision. The central bank head offered few hints as to when …
Stocks break AI-driven rally; Powell’s caution tempers U.S. yields Read More »
By Georgina McCartney HOUSTON (Reuters) -Oil prices settled up more than $1 a barrel on Tuesday after a deal to resume exports from Iraq’s Kurdistan stalled, pacifying some investor concerns that the restart would exacerbate worries about global oversupply. Brent crude futures settled up $1.06, or 1.6%, at $67.63 a barrel, while U.S. West Texas …
Oil settles up $1/bbl as restart of Kurdish oil exports stalls Read More »
(Repeats to add Lagos to dateline.) By Isaac Anyaogu and America Hernandez LAGOS/PARIS -TotalEnergies’ sale of a minority stake in a Nigerian onshore oil producer has fallen through, Nigerian regulators said on Tuesday, in a setback to the French oil major’s strategy to sell mature, polluting assets and pay down debt. Total agreed in July …
By Colleen Goko JOHANNESBURG (Reuters) -South Africa and China launched a push for Chinese investment in sectors such as mining, energy and infrastructure on Tuesday, at the launch of their ninth annual trade promotion conference. South Africa, which had no U.S. import tariffs on its goods under the U.S. African Growth and Opportunity Act (AGOA), …
South Africa and China to push investment after jump in US import tariffs Read More »
By Duncan Miriri NAIROBI (Reuters) -African officials and business executives are fretting over the impending expiry of a crucial, duty-free trade programme with the United States at the end of September, without any word from Washington on whether it will be extended or not. Here are some questions and answers on the duty-free trade programme …
Explainer-What does the expiry of a US trade deal mean for African economies? Read More »
RABAT (Reuters) -Morocco’s central bank left its benchmark interest rate at 2.25% on Tuesday, citing persistent global and domestic uncertainties. Trade tensions, conflicts in the Middle East and Ukraine, and the impact of water stress on Morocco’s crops continue to weigh on the economic outlook, the bank said in a statement following its quarterly board …
Moroccan central bank holds benchmark rate at 2.25% Read More »
By Maxwell Akalaare Adombila DAKAR (Reuters) -A boom in artisanal gold mining in Ghana has driven mercury contamination to dangerous levels in host communities, with soil readings in some areas reaching 134 times amounts deemed to be safe, a government-backed study has found. The report by the New York-based environmental group Pure Earth and Ghana’s …
RABAT (Reuters) -India’s Tata Advanced Systems Limited, part of the Tata Group, opened a plant near Casablanca on Tuesday to produce armoured combat vehicles, in a move that dovetails with Morocco’s recent efforts to stimulate a homegrown defence industry. The facility will make 8×8 Wheeled Armoured Platform (WhAP) vehicles for the Moroccan army and for …
India’s TATA opens armoured vehicles plant in Morocco Read More »
(Corrects paragraph 3 to specify that Kodal owns the Bougouni lithium project and Ganfeng owns Goulamina) BAMAKO (Reuters) -Mali has approved seven agreements granting the state more revenue from international and local mining companies in the latest push by the military government to extract more income from the sector. The Council of Ministers approved the …
Mali announces more new mining deals under revised code Read More »
NAIROBI (Reuters) -Kenya Aviation Workers Union on Tuesday gave seven days notice for strike action, demanding the resignation of the Kenya Airports Authority board in response to labour disputes and the fallout from a cancelled airport leasing deal. The planned industrial action could disrupt operations at Kenya’s main international airport, one of Africa’s busiest aviation …
Kenyan aviation workers give seven-day notice for strike Read More »
