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By Nicole Jao NEW YORK (Reuters) -Oil prices diverged on Tuesday as a maritime and energy truce between Russia and Ukraine offset concerns about tighter global supply due to threatened U.S. tariffs on countries buying Venezuelan production. Brent crude futures settled 2 cents higher, or 0.03%, at $73.02 a barrel. U.S. West Texas Intermediate crude …

Oil prices mixed as Russia-Ukraine truce offsets Venezuela supply worries Read More »

By Karen Brettell NEW YORK (Reuters) – The dollar weakened against the yen and was steady against the euro on Tuesday as uncertainty around President Donald Trump’s planned tariffs kept traders cautious, following a rally in the U.S. currency a day earlier on optimism that he would be flexible in applying the import levies. “The …

Dollar dips as traders stay cautious on impending tariffs Read More »

ABIDJAN (Reuters) – Ivory Coast will slash the amount of cocoa it sells on international markets from the upcoming crop, according to two regulatory sources, as the world’s top producer of chocolate’s main ingredient grapples with a second year of output decline. They said the regulator will cut contract sales limit to 1.3 million metric …

Top cocoa producer Ivory Coast to slash exports from smaller upcoming crop, sources say Read More »

JOHANNESBURG (Reuters) -South Africa’s rand extended its recent rally on Tuesday, as markets continued to look for clarity on U.S. President Donald Trump’s tariff plans. At 1400 GMT, the rand traded at 18.19 against the U.S. dollar, about 0.4% stronger than Monday’s close. The dollar was down around 0.3% against a basket of currencies as …

South African rand on front foot, US tariff worries remain Read More »

By George Obulutsa NAIROBI (Reuters) -Kenya Airways said on Tuesday that it had made a pretax profit last year after more than a decade of losses, helped by foreign-exchange gains. One of Africa’s biggest airlines, its pretax profit was 5.53 billion shillings ($42.82 million) in 2024, compared with a loss of 22.86 billion shillings the …

Kenya Airways records profit after more than a decade of losses Read More »