By Chibuike Oguh and Yadarisa Shabong NEW YORK (Reuters) -The euro rose on Friday after German parties agreed on a fiscal deal that could boost defence spending and revive growth in Europe’s largest economy. The dollar weakened against the euro but rose against the Swiss franc and the yen, underpinned by the likelihood the U.S. …
(Reuters) -The board of the U.S. Export-Import Bank approved a nearly $5 billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies. The Export-Import Bank had previously agreed a $4.7 billion loan for the $20 billion project under President Donald Trump’s …
US approves $5 billion loan to TotalEnergies for Mozambique gas project Read More »
JOHANNESBURG (Reuters) – South Africa’s rand gained on Friday due to record high gold prices that were driven by investors seeking safe haven assets amid worries over a global trade war. At 1457 GMT, the rand traded at 18.1850 against the dollar, about 0.7% firmer than its previous close. The South African currency had fallen …
South African rand jumps as gold high boosts commodity-backed currency Read More »
(Reuters) – Australia’s AVZ Minerals said on Friday it secured a legal victory over the Democratic Republic of Congo (DRC) and China’s Zijin Mining over the Manono lithium mine rights, and is in talks with U.S. parties to raise funds for the project. The International Court of Arbitration of the International Chamber of Commerce (ICC) …
Australia’s AVZ Minerals scores legal victory against Congo over disputed lithium mine Read More »
NAIROBI (Reuters) – The Kenyan shilling was broadly steady in early trade on Friday, data from London Stock Exchange Group (LSEG) showed. At 0837 GMT commercial banks quoted the shilling at 129.25/129.75, compared to Thursday’s close of 129.25/129.65 (Reporting by Elias Biryabarema; Editing by Bate Felix)
(This March 13 story has been refiled to fix the day to Thursday, not Tuesday, in paragraph 1) By Sinéad Carew and Harry Robertson NEW YORK/LONDON (Reuters) – Global equities sank on Thursday with the S&P 500 confirming it was in a correction while U.S. Treasury prices rose as investors fled for safer assets as …
Stocks sink with S&P 500 in correction, bonds in demand amid tariff angst Read More »
By Wendell Roelf CAPE TOWN (Reuters) -European Union leaders announced a 4.7 billion euro ($5.10 billion) investment package during a visit to South Africa on Thursday, at a time when both are on worse terms with the United States than they have been for decades. The European leaders said the visit was an opportunity to …
EU pledges 4.7 billion euros to South Africa as Trump brings them closer Read More »
(Reuters) – Shell said on Thursday it had completed the sale of its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance. Renaissance, a consortium of five firms comprising four Nigerian exploration and production companies and an international energy group, now controls a 30% stake in the SPDC joint venture. (Reporting …
Shell completes sale of Nigerian onshore subsidiary SPDC Read More »
By Chibuike Oguh, Lucy Raitano NEW YORK/LONDON (Reuters) -The U.S. dollar rose against most major currencies including the Swiss franc and the euro on Thursday, as investors consolidated positions after selling the greenback for most of this week, but the outlook remained weak amid concerns about slowing growth arising from the Trump administration’s trade policies. …
US dollar rises as markets consolidate positions; outlook remains downbeat Read More »
By Amanda Stephenson and Paul Carsten CALGARY (Reuters) -Oil prices fell over 1% on Thursday as markets weighed macroeconomic concerns, including the risk that tariff wars between the U.S. and other countries could hurt global demand as well as uncertainty stemming from a U.S. proposal for a Russia-Ukraine ceasefire. Brent futures settled $1.07, or 1.5%, …
Oil settles down more than 1% on tariff worry, supply-demand expectations Read More »
