By Sinéad Carew and Nell Mackenzie NEW YORK/LONDON (Reuters) -Stocks slumped globally on Monday, while U.S. bond yields dropped as investor worries about the potential economic slowdown were exacerbated after President Donald Trump did not rule out a recession resulting from his tariffs. MSCI’s global stock index fell more than 2% for its biggest one-day …
Stocks sink with bond yields as Trump fuels recession fears Read More »
By Laila Kearney and Enes Tunagur NEW YORK/LONDON (Reuters) – Oil prices were down 1% on Monday on fears that U.S. tariffs on Canada, Mexico and China would slow economies around the world and slash energy demand while OPEC+ ramps up its supply. Brent crude oil futures futures settled at $69.28 a barrel, down $1.08, …
Oil settles down 1.5% as tariffs prompt fears of slow demand Read More »
By Isaac Anyaogu LAGOS (Reuters) – Nigeria has agreed to $200 million deal with WeLight, a pan-African Distributed Renewable Energy (DRE) company to deploy hundreds of renewable mini grids, aimed at bringing reliable electricity to millions in rural communities and those surrounding urban centres. Africa’s most populous country, seeking to increase its renewable energy share …
Nigeria strikes $200 million deal to power rural areas with renewable mini grids Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was slightly weaker on Monday as investors awaited a national budget speech later this week and markets kept an eye on U.S. foreign policy developments. At 1508 GMT, the rand traded at 18.28 against the dollar, about 0.1% weaker than its previous close. “While its (the rand’s) trade today is …
South African rand softens, focus on local budget this week Read More »
By Alessandro Parodi (Reuters) -Brazil’s Moreira Salles family said on Monday it would launch a takeover bid for all shares of French bottler Verallia that it does not own and confirmed it would pay 30 euros ($32.51) for each, valuing the company at 6.1 billion euros. Shares in the group, which makes bottles for champagne …
Brazil’s Moreira Salles family launches takeover bid for French bottler Verallia Read More »
(This Mar. 6 story has been corrected to fix the unit to lb from metric ton in paragraph 5) By Pratima Desai LONDON (Reuters) – Eurasian Resources Group (ERG) has declared force majeure on deliveries of battery material cobalt from its Metalkol operation due to the Democratic Republic of Congo’s temporary export ban, two sources …
ERG declares force majeure on cobalt deliveries from Congo, sources say Read More »
By Libby George and Karin Strohecker LONDON (Reuters) -The Africa Finance Corporation said it was accelerating efforts to mobilise the continent’s money for investments and tapping investors in the Middle East and Asia, as developing nations grapple with seismic shifts in geopolitics and funding flows. Samaila Zubairu, chief executive of the AFC – a development …
AFC chief pushes to unlock billions from African pension funds Read More »
By Canan Sevgili, Paolo Laudani, Alessandro Parodi and Alberto Chiumento (Reuters) -Five years after the World Health Organization first described the COVID-19 coronavirus outbreak as a pandemic, its effects are still being felt on the global economy. COVID-19 and efforts to contain it triggered record government debt, hit labour markets and shifted consumer behaviour. Inequality …
Five years on, the economic impact of COVID-19 lingers Read More »
NAIROBI (Reuters) – Kenya’s shilling was little changed on Monday, data from the London Stock Exchange Group (LSEG) showed. At 0709 GMT the shilling was trading at 129.00/129.50 to the U.S. dollar, compared to Friday’s close of 128.90/129.40 (Reporting by Elias Biryabarema; Editing by Alexander Winning)
(Reuters) – Mining conglomerate BHP has taken a right to acquire a 75% stake in Australia’s Cobre’s Kitlanya projects in Botswana in exchange for $25 million in funding for exploration activities, the copper explorer said on Monday. The deal follows Cobre’s selection in BHP’s Xplor program in January last year in which the smaller rival …
BHP earns right to take 75% stake in Cobre’s Botswana projects Read More »
