JOHANNESBURG (Reuters) -The South African rand was flat on Tuesday, extending a two-week period of stability against the dollar as investors waited for local drivers to emerge. At 0815 GMT the rand traded at 17.3275 against the dollar, compared with Monday’s closing level of 17.3325. “Not much appears to be moving the rand at the …
South African rand stays in tight range against dollar Read More »
By Doyinsola Oladipo NEW YORK (Reuters) -Democratic Republic of Congo President Felix Tshisekedi said on Monday that a U.S.-mediated peace deal signed with Rwanda in June has not calmed fighting in eastern Congo, though he thanked President Donald Trump for attempting to end the conflict. On June 27, U.S. mediators brokered the peace deal between …
Congo will not ‘auction’ mineral resources to the US, president says Read More »
By Sinéad Carew and Nell Mackenzie NEW YORK/LONDON (Reuters) -MSCI’s global stock index rose to record levels on Monday for a third consecutive session with a few U.S. technology stocks leading on Wall Street while gold prices rallied to fresh records and the dollar pulled back. Investors were digesting mixed messages about future interest rate …
Stocks hit record highs, dollar falls as investors assess mixed Fed messages Read More »
(Refiles to make “markets” plural from “market” in headline) By Chibuike Oguh and Stefano Rebaudo NEW YORK (Reuters) -The U.S. dollar was poised to snap a three-day winning streak against the euro and Swiss franc on Monday, as investors digested a barrage of comments from Federal Reserve officials about its latest monetary policy stance. The …
Dollar weakens against euro and Swiss franc as markets digest Fed speeches Read More »
(Reuters) -Bank of America has appointed Geoff Iles and Lukas Poensgen as the co-heads of its mergers and acquisitions business in Europe, the Middle East and Africa, according to a memo seen by Reuters on Monday. The duo will replace Eamon Brabazon, who was late last year appointed as the co-head of global M&A. A …
Bank of America names Iles, Poensgen to lead EMEA dealmaking Read More »
By Elisha Bala-Gbogbo and Mohd Edrees ABUJA (Reuters) -Nigeria’s economy expanded 4.23% year-on-year in the second quarter, its quickest pace in four years, driven by a sharp rebound in oil output and steady gains in services, data showed on Monday. Gross domestic product was at 4.23% in the second quarter, compared with 3.48% a year …
Nigeria’s economy posts fastest growth in four years on oil rebound Read More »
By Isaac Anyaogu LAGOS (Reuters) -Nigeria’s Securities and Exchange Commission has issued a directive to fund managers to value bonds based on current market prices rather than their original purchase cost, the agency confirmed on Monday. The move, known as mark-to-market or MTM valuation, is aimed at improving transparency and aligning asset values with real-time …
Nigeria’s SEC orders shift to real-time bond valuation by 2027 Read More »
By Heba Fouad and Jaidaa Taha CAIRO (Reuters) -With whiplash traffic and obstacles ranging from potholes to donkey carts, Cairo’s roads have never been for the faint of heart. But now drivers must contend with another hazard: A proliferation of flashy, mismatched billboards vying for their already strained attention. The number of large billboards lining …
Egypt’s billboard boom strains eyes but raises profits Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -French media group Canal+ on Monday announced a new board to steer South African broadcaster MultiChoice after taking control of the company through a 35 billion rand ($2.02 billion) acquisition. The takeover gives Canal+ a dominant foothold in Africa’s fast-growing pay-TV market, where MultiChoice operates across 50 countries. It also …
Canal+ names new board of South Africa’s MultiChoice after taking control Read More »
(Reuters) -Egypt’s richest man Nassef Sawiris is seeking to invest up to $50 billion in U.S. infrastructure projects and is consolidating his publicly traded holding companies in Abu Dhabi, the billionaire told the Financial Times in an interview published on Monday. (Reporting by Nilutpal Timsina in Bengaluru; Editing by Jamie Freed)
