By Tife Owolabi YENAGOA (Reuters) -Nigerian state oil company NNPC has said a fire on a crude storage barge at its Cawthorne Channel facility in the coastal Rivers state had been contained with no casualties. NNPC spokesperson Olufemi Soneye said in a statement late on Thursday the blaze started at about 1310 GMT on Wednesday …
Nigeria’s NNPC contains fire at storage facility Read More »
(Reuters) -Sibanye Stillwater’s shares slumped to their lowest this year after it suffered its second consecutive full-year loss in two years. Sibanye’s shares declined 9% at 0857 GMT after the precious metals producer posted a $311 million loss last year. However, the Johannesburg-based miner said a rally in gold prices helped partially offset the impact …
Sibanye shares slump after second loss in two years Read More »
By Nicole Jao NEW YORK (Reuters) – Oil prices settled higher on Thursday, marking a three-day streak of gains, after data showed gasoline and distillate drawdowns in the U.S., while worries about supply disruptions in Russia also supported prices. Brent futures settled up 44 cents, or 0.58%, at $76.48 a barrel. U.S. West Texas Intermediate …
Oil rises for third day on US fuel stocks draw, worries about Russia disruptions Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar dropped against major currencies on Thursday, as investors took a step back and assessed President Donald Trump’s latest tariff plans, while the yen rose to 11-week peaks versus the greenback as bets increased for further rate hikes by the Bank of Japan (BOJ). U.S. data …
US dollar stumbles on ‘tariff fatigue’; yen soars as BOJ hike bets rise Read More »
JOHANNESBURG (Reuters) – South Africa’s rand strengthened against a weaker dollar on Thursday, as investors digested U.S. data and President Donald Trump’s tariff plans. At 1509 GMT, the rand traded at 18.3975 against the dollar, about 0.7% firmer than its previous close. The dollar index was last trading down about 0.4% against a basket of …
South African rand firms against dollar after US data, tariff plans Read More »
KAMPALA (Reuters) – The Ugandan shilling was firmer on Thursday on the back of dollar inflows from charities and offshore investors who participated in this week’s Treasury bond auction, traders said. At 0911 GMT commercial banks quoted the shilling at 3,662/3,672, from Wednesday’s closing rate of 3,670 /3,680. (Reporting by Elias Biryabarema; Editing by George …
Ugandan shilling firmer on charity and offshore investor FX flows Read More »
By Felix Njini and Nelson Banya JOHANNESBURG (Reuters) -Gold Fields may consider a share buyback programme as a way to boost shareholder returns if the gold price remains elevated, CEO Mike Fraser said on Thursday, as the mining company reported a 42% jump in annual profit. Gold Fields shares hit a record high after the …
Gold Fields may consider share buyback as price rally boosts profit Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Safe-haven currencies led by the U.S. dollar and yen gained on Wednesday, as market jitters escalated amid the latest round of tariff threats from U.S. President Donald Trump and contentious talks to end the Russia-Ukraine war. The U.S. currency slipped further against the yen after minutes of the …
US dollar, yen rise as risk appetite fades on tariff rhetoric, Russia talks Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices held near a one-week high on Wednesday on worries about supply disruptions in Russia and the U.S., while the market awaited clarity on sanctions as Washington tries to broker a deal to end the war in Ukraine. Brent futures rose 20 cents, or 0.3%, to settle …
Oil holds near one-week high on supply concerns, sanctions on Russia eyed Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) – South Africa’s biggest mobile operator Vodacom aims to accelerate group core profit growth into a double-digit rise from 7.8% in its latest annual results, with more customers and targeted financial services growth, it said on Wednesday. Chief Executive Shameel Joosub and Chief Financial Officer Raisibe Morathi hosted shareholders and …
South Africa’s Vodacom targets double-digit profit growth by 2030 Read More »
