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By Nqobile Dludla JOHANNESBURG (Reuters) -Aspen Pharmacare posted a 5% rise in half-year earnings on Monday and said it expects double-digit revenue and core profit growth in its commercial pharmaceuticals unit in the full year, benefiting from its Latin American portfolio and the roll-out of its weight-loss drug Mounjaro. Its shares closed 11.7% stronger at …

African drugmaker Aspen says new Latam and Eli Lilly portfolio boosting earnings Read More »

CAIRO (Reuters) -Libya plans its first bidding round for oil exploration in more than 17 years, Masoud Suleman, acting Chairman of the National Oil Corporation (NOC), announced in a televised address on Monday. Libya is Africa’s second-largest oil producer and a member of the Organization of the Petroleum Exporting Countries (OPEC). Foreign investors have been …

Libya announces first bidding round for oil exploration in 17 years Read More »

By Nqobile Dludla JOHANNESBURG (Reuters) – South African food producer RCL Foods reported a 38.8% rise in half-year earnings on Monday and declared its first interim dividend in two years, sending its shares up more than 8%. The company, whose brands include Selati sugar and Sunbake bread, had been completing a portfolio review that included …

South Africa’s RCL Foods posts profit surge, resumes dividends Read More »

By Chris Prentice and Greta Rosen Fondahn (Reuters) -Wall Street indexes advanced in choppy trading on Friday, after briefly dipping following a contentious White House meeting with Ukrainian President Volodymyr Zelenskiy. Oil prices fell on worries stoked by the White House meeting, tariffs and Iraq’s decision to resume exports from the Kurdistan region. European shares …

US stocks gain in choppy trade, as oil prices drop Read More »

By Erwin Seba HOUSTON (Reuters) -Oil prices fell on Friday and were headed for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian presidents while also bracing for Washington’s new tariffs and Iraq’s decision to resume oil exports from the Kurdistan region. Brent crude futures, which …

Oil falls on White House spat, tariffs, Iraq exports Read More »

By Frank Phiri BLANTYRE (Reuters) -Malawi’s government trimmed its economic growth forecast for this year in its annual budget on Friday as disgruntled citizens protested in major cities over rising prices. The protesters are mostly street vendors who accuse the government of failing to control double-digit inflation, which they say is putting them out of …

Malawi lowers 2025 growth forecast as inflation spurs protests Read More »