Reuters Video Archives - Page 11 of 87

Oil falls as investors weigh ample 2025 supply outlook, delayed OPEC+ output hike

5 Dec 2024 5 Dec 2024

By Georgina McCartney HOUSTON (Reuters) -Oil prices fell on Thursday as investors weighed an ample supply outlook for next year against OPEC+ delaying its planned output increase by three months to April 2025. Brent crude settled down 22 cents, or 0.3%, at $72.09 a barrel, while U.S. West Texas Intermediate (WTI) settled down 24 cents, …

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McKinsey Africa to pay $122 million in South Africa bribery scheme, US Justice Department says

5 Dec 2024 5 Dec 2024

By Doina Chiacu and Luc Cohen WASHINGTON/NEW YORK (Reuters) -McKinsey and Company Africa Ltd, a subsidiary of McKinsey & Company, will pay more than $122 million to resolve a U.S. investigation into a bribery scheme in South Africa, the Justice Department said on Thursday. Privately owned McKinsey Africa was charged with one count of conspiracy …

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Mali issues arrest warrant for Barrick Gold CEO, document shows

5 Dec 2024 5 Dec 2024

By Fadimata Kontao, Portia Crowe and David Lewis BAMAKO (Reuters) -Mali, one of Africa’s biggest gold producers, has issued an arrest warrant for Barrick Gold Chief Executive Mark Bristow, a warrant document seen on Thursday by Reuters showed, escalating a dispute with the Canadian mining company. The West African country’s junta-led government is seeking more …

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World Bank ventures into debt swaps with Ivory Coast education deal

5 Dec 2024 5 Dec 2024

By Karin Strohecker LONDON (Reuters) – The World Bank said on Thursday it had helped Ivory Coast launch a debt-for-education swap in a landmark first transaction for the Washington-based lender. The Ivory Coast government will buy back 400 million euros ($423 million) of its most expensive commercial debt due in the next five years with …

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Kenya cuts main rate more than expected to stimulate growth

5 Dec 2024 5 Dec 2024

By George Obulutsa NAIROBI (Reuters) -Kenya’s central bank cut its benchmark lending rate by a larger-than-expected 75 basis points to 11.25% on Thursday, saying there was room for looser policy to support economic growth as inflation was under control. It is the third policy meeting in a row where the Central Bank of Kenya has …

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South African rand firms as markets look to Fed rate cut

5 Dec 2024 5 Dec 2024

JOHANNESBURG (Reuters) -South Africa’s rand strengthened on Thursday on expectations of an interest rate cut by the U.S. Federal Reserve later this month. At 1513 GMT, the rand traded at 18.05 against the dollar, about 0.7% stronger than its previous close. The dollar index was last down 0.4% against a basket of currencies. “The rand …

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South African Airways cancels some flights as pilots go on strike

5 Dec 2024 5 Dec 2024

By Sfundo Parakozov JOHANNESBURG (Reuters) -South African Airways said it had cancelled flights to Perth and Sao Paulo on Thursday after receiving confirmation from the SAA Pilots Association that they planned to strike following a deadlock in pay talks. The company decided on Wednesday night to cancel the Perth and Sao Paulo routes after being …

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Libya’s central bank to print 30 billion dinars to ease liquidity shortage

5 Dec 2024 5 Dec 2024

TRIPOLI (Reuters) – The Central Bank of Libya (CBL) said on Thursday it had contracted British banknote printer De La Rue to print 30 billion dinars ($6.250 billion) in order to “solve the liquidity shortage problem” at the country’s commercial banks. The central bank said last Sunday that the liquidity shortage problem would be “gradually …

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Mitsui CEO says final push underway with TotalEnergies to revive Mozambique LNG project

5 Dec 2024 5 Dec 2024

TOKYO (Reuters) – Japan’s Mitsui & Co is collaborating with TotalEnergies and the Mozambique government to finalise plans for restarting construction of the $20 billion Mozambique liquefied natural gas (LNG) project, CEO Kenichi Hori said on Thursday. The project, led by TotalEnergies, has faced delays due to concerns over violent unrest in the region. “We …

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Italy and African Development Bank sign $420 million co-financing deal

5 Dec 2024 5 Dec 2024

RABAT (Reuters) – Italian state lender CDP and the African Development Bank (AfDB) signed on Thursday a co-financing deal worth 400 million euros ($420 million) to promote climate finance, sustainable farming, education and technical assistance, AfDB’s vice president for finance Hassatou Diop N’Sele said. The deal, signed during the AfDB’s Africa Investment Forum in Rabat, …

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