JOHANNESBURG (Reuters) -South Africa’s rand was little changed on Tuesday as markets processed U.S. tariffs imposed on Canada, China and Mexico. At 1500 GMT, the rand traded at 18.59 against the U.S. dollar, near its previous close of 18.5875. The dollar fell to a three-month low on Tuesday on concerns about slowing growth and the …
South African rand stable as markets digest Trump tariffs Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was little changed on Tuesday as markets processed U.S. tariffs imposed on Canada, China and Mexico. At 1500 GMT, the rand traded at 18.59 against the U.S. dollar, near its previous close of 18.5875. The dollar fell to a three-month low on Tuesday on concerns about slowing growth and the …
South African rand stable as markets digest Trump tariffs Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South Africa’s Aspen Pharmacare has started registering GLP-1 drugs used to treat diabetes and obesity in markets where patents are expiring soon, for approval to start manufacturing and selling likely in 2026, the CEO said on Tuesday. Drugmakers across the globe are looking to grab a slice of the weight-loss …
South Africa’s Aspen aims for slice of booming GLP-1 drug market by 2026 Read More »
By Isaac Anyaogu LAGOS (Reuters) – Seplat Energy plans to invest up to $320 million in new wells and infrastructure this year, aiming to more than double its oil output to as much as 140,000 barrels per day following its acquisition of Exxon Mobil’s Nigerian assets. The company secured government consent last October to acquire …
Nigeria’s Seplat plans up to $320 million in spending as new assets drive production Read More »
By Felix Njini and Nelson Banya JOHANNESBURG (Reuters) -Harmony Gold, South Africa’s biggest gold producer by volume, will fund the construction of a new Australian copper mine using its own cash, the miner said on Tuesday, as its earnings jumped on a rally in gold prices. The Johannesburg-based miner is diversifying into copper – a …
Harmony says gold rally windfall to help fund new Australian copper mine Read More »
NAIROBI (Reuters) – Kenya’s shilling was stable on Tuesday, with dollar inflows matching importer foreign-currency demand, traders said. At 0744 GMT, commercial banks quoted the shilling at 129.00/40 per dollar, the same as Monday’s closing rate. (Reporting by George Obulutsa; Editing by Alexander Winning)
By Richa Naidu and Khalid Abdelaziz LONDON/DUBAI (Reuters) – Gum arabic, a vital ingredient used in everything from Coca-Cola to M&M’s sweets, is increasingly being trafficked from rebel-held areas of war-torn Sudan, traders and industry sources say, complicating Western companies’ efforts to insulate their supply chains from the conflict. Sudan produces around 80% of the …
How a key ingredient in Coca-Cola, M&M’s is smuggled from war-torn Sudan Read More »
JOHANNESBURG (Reuters) -South Africa’s Nedbank Group reported an 8% rise in its full-year headline earnings on Tuesday, supported by strong non-interest revenue (NIR) growth, a reduced impairment charge, and strict cost control. For the year ended December 31, the bank’s headline earnings – a profit measure – grew to 16.9 billion rand ($907.56 million) from …
South Africa’s Nedbank annual profit rises on non-interest revenue growth Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended down sharply Monday, with the S&P 500 posting its biggest daily percentage drop since December 18 after U.S. President Donald Trump said 25% tariffs on Canada and Mexico will go into effect on Tuesday, while the euro strengthened after European leaders agreed to draw up a …
Stocks drop as Trump says tariffs start Tuesday; euro gains Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 2% to a 12-week low on Monday on reports OPEC+ will proceed with a planned oil output increase in April and worries U.S. tariffs could hurt global economic growth and oil demand. Brent futures fell $1.19, or 1.6%, to settle at $71.62 a barrel, while …
Oil prices fall 2% to 12-week low with OPEC+ set to increase output Read More »
