By Lawrence Delevingne and Marc Jones (Reuters) -Wall Street and world stocks were mostly higher on Thursday and U.S. Treasury yields fell, as a cooling U.S. labor market and dovish comments from Federal Reserve officials pointed to a likely interest rate cut this month by the central bank. U.S. private payrolls in August increased less …
Rate cut anticipation boosts stocks, bonds as US labor market chills Read More »
By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON (Reuters) -The U.S. dollar edged higher on Thursday in a volatile week with markets eyeing a crucial jobs report, after data indicating labor market weakness reinforced expectations the Federal Reserve will cut rates this month. Data showed on Thursday that the number of Americans filing new applications …
Dollar edges higher with investors focused on labor market data Read More »
HOUSTON (Reuters) -French oil major TotalEnergies is in discussions with Namibian authorities to extend an exploration license, CEO Patrick Pouyanne said on Thursday, while speaking at a Barclays energy conference. Earlier this year, the company lowered the oil production capacity estimate for a Namibia project and said it expected to make a final investment decision …
TotalEnergies in discussions to extend Namibia license, CEO says Read More »
CAPE TOWN (Reuters) -Oil and gas company Afentra has signed a framework agreement for its first operated license offshore Angola in a block with proven resources, the London-listed company said on Thursday. Block 3/24 contains five oil and gas discoveries in shallow water with several exploration prospects identified, and is close to Afentra’s existing producing …
Afentra signs terms for its first operatorship offshore Angola Read More »
HARARE (Reuters) -Zimbabwe can start exporting blueberries to China after it agreed a protocol on phytosanitary standards, an industry body said on Thursday. The agreement was concluded during Zimbabwean President Emmerson Mnangagwa’s visit to China this week, where he met President Xi Jinping during commemorations to mark 80 years since Japan’s defeat at the end …
Zimbabwe to start blueberry exports to China after breakthrough agreement Read More »
JOHANNESBURG (Reuters) -The South African rand weakened on Thursday against a stronger dollar, after a softer-than-expected private payrolls report bolstered bets that the Federal Reserve will cut rates at its next meeting. U.S. private payrolls increased less than expected in August, rising by 54,000 jobs last month, while economists polled by Reuters had forecast private …
By Shariq Khan (Reuters) -The gasoline unit at Nigeria’s 650,000 barrel-per-day Dangote refinery may be shut for 2-3 months for repairs, industry monitor IIR Energy told clients on Thursday, which could lead to a tighter gasoline market. The unit has been shut since around August 29 after catalyst leaks. The refinery plans to attempt to …
Nigeria’s Dangote refinery gasoline unit could be shut for 2-3 months, IIR says Read More »
(Reuters) -Lesotho’s biggest diamond mine, Letseng, has laid off 240 workers, a fifth of its workforce, as it battles persistently low gem prices due to weak demand and an uncertain global economic environment, parent company Gem Diamonds said on Thursday. Diamonds are vital to Lesotho’s economy, with the sector contributing up to 10% of its …
Lesotho’s biggest diamond mine cuts 20% of workforce as price slump persists Read More »
LUANDA (Reuters) -One of Angola’s top banks BFA will launch the country’s biggest ever initial public offering on Friday, seeking to raise as much as $240 million as the government looks to kick-start a privatisation drive. The Southern African oil-producing country has been gradually opening up its state-dominated economy to more private investment, with a …
Angolan bank BFA set for country’s biggest ever IPO Read More »
(Reuters) -Steelmaker ArcelorMittal’s talks to sell its South African unit to state-owned Industrial Development Corporation have stalled over valuation differences, Bloomberg News reported on Thursday, citing people familiar with the matter. While the parties may still reach an agreement on the fate of ArcelorMittal South Africa before the end of a due diligence period on …
