(Repeats story to widen distribution, with no change to text) DAKAR (Reuters) -The Democratic Republic of Congo will lift its ban on cobalt exports from October 16 and manage global supply by imposing annual export quotas, the country’s strategic minerals regulator said on Sunday. Miners will be allowed to ship up to 18,125 tons of …
Congo to replace cobalt export ban with quotas from Oct 16 Read More »
PORT LOUIS (Reuters) -Mauritius’ Central Bank Governor Rama Sithanen has agreed to resign next week, following Prime Minister Navin Ramgoolam’s call for him to step down, amid signs of a power struggle at the bank. “I believe that, in the best interest of the central bank, in the best interest of the country, and for …
Mauritius central bank governor agrees to resign Read More »
By Chibuike Oguh and Elizabeth Howcroft NEW YORK (Reuters) – Global stocks rose in choppy trading on Friday, on track for a weekly gain, driven by positive sentiment on Wall Street following key central bank decisions. The Federal Reserve cut U.S. interest rates by a quarter of a percentage point on Wednesday, the first easing …
Stocks finish week higher; Wall Street at record highs Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar strengthened on Friday, extending its rebound against most major currencies, as traders reviewed the near-term outlook after the Federal Reserve cut interest rates this week but signaled gradual easing in the future. The U.S. Dollar Currency Index, which tracks the greenback against six major peers, rose …
Dollar extends post-Fed rebound; sterling hit by fiscal worries Read More »
(Reuters) – Ratings agency Moody’s on Friday upgraded its outlook on Rwanda to “stable” from “negative”, citing reduced risks from a conflict with the Democratic Republic of the Congo, particularly regarding foreign exchange inflows. The ongoing discussions between the Democratic Republic of the Congo and Rwanda, mediated by the United States and backed by other …
Moody’s upgrades Rwanda’s outlook on reduced risks from DRC conflict Read More »
JOHANNESBURG (Reuters) -The rand was flat for much of Friday’s trading session as traders weighed the South African Reserve Bank’s decision to keep interest rates unchanged and efforts to roll back steep U.S. tariffs on imports from South Africa. At 1504 GMT, the rand traded at 17.34 against the dollar, a whisker away from its …
South African rand range-bound as investors mull central bank decision, US trade talks Read More »
ADDIS ABABA (Reuters) -Ethiopia’s Prime Minister Abiy Ahmed appointed State Minister of Finance Eyob Tekalign as the new central bank governor on Friday, after Mamo Mihretu left the position earlier this month. Abiy has been trying to liberalise Ethiopia’s hitherto tightly controlled economy since coming to power in 2018. Mamo led the central bank during …
Ethiopia appoints Eyob Tekalign new central bank governor Read More »
By Marc Jones LONDON (Reuters) -Zambia’s debt restructuring remains snagged on its thorny negotiations with the African Export-Import Bank and won’t be resolved until next year, one of its top finance officials has told Reuters. Zambia, one of the world’s top copper producers but also one of its most indebted, struck a write-down deal with …
Zambia’s debt restructuring remains snagged on Afreximbank problems Read More »
By Nqobile Dludla RUSTENBURG South Africa (Reuters) – Global primary platinum group metal production could fall by as much as 20% by the end of this decade, widening a supply deficit, Valterra Platinum CEO Craig Miller said on Thursday. Miller said demand from carmakers, who use platinum, palladium and rhodium in catalytic converters, had remained …
Valterra CEO sees global platinum supply shrinking 15%-20% by decade’s end Read More »
(Reuters) – Miner and trader Glencore has been in talks about selling a controlling stake in a unit that operates a major copper and cobalt project in the Democratic Republic of Congo, Bloomberg News reported on Friday. The news comes a month after Glencore, the world’s second-largest cobalt miner, said a significant portion of its production …
Glencore in talks to sell stake in Kamoto Copper Co, Bloomberg News reports Read More »
