Reuters Video Archives - Page 264 of 304

World Bank suspends disbursements to Gabon due to $27 million debt arrears

14 Jan 2025 14 Jan 2025

LIBREVILLE (Reuters) – The World Bank has suspended its disbursements to Gabon due to debt arrears of 17 billion CFA francs ($27 million), the central African country’s public accounts ministry said. The ministry said the suspension was caused by several factors, including an insufficient mobilisation of resources on the international market. “All the necessary steps …

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South African rand recovers from nine-month low

14 Jan 2025 14 Jan 2025

JOHANNESBURG (Reuters) -South Africa’s rand firmed against the dollar on Tuesday, as markets looked to U.S. consumer inflation data due on Wednesday for clues on the Federal Reserve’s interest rate path. At 1519 GMT, the rand traded at 18.9225 against the dollar, about 0.5% stronger than its previous close. The rand hit a nine-month low …

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Congo courts Saudi mining investors to help curb China dominance

14 Jan 2025 14 Jan 2025

By Pesha Magid RIYADH (Reuters) – The Democratic Republic of Congo, the world’s top cobalt supplier, is courting new mining investors from Saudi Arabia to help it diversify and curb overreliance on companies from China, Marcellin Paluku, a senior government official, told Reuters. Congo, which is also rich in copper and other critical minerals, wants …

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Barrick confirms suspension of Mali operations, seizure of gold

14 Jan 2025 14 Jan 2025

(Reuters) -Canada’s Barrick Gold on Tuesday confirmed it had suspended operations in Mali and that the government had moved gold stock from the miner’s Loulo-Gounkoto site to a bank. Reuters reported on Monday that the authorities had seized gold worth $245 million in an escalation of their long-running dispute with the company. “As a result, …

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Ugandan shilling stable on muted FX appetite

14 Jan 2025 14 Jan 2025

KAMPALA (Reuters) – The Ugandan shilling was stable on Tuesday, drawing support from subdued hard currency appetite from both interbank players and merchandise importers, traders. At 0927 GMT commercial banks quoted the shilling at 3,693/3,703, compared to Monday’s close of 3,695/3,705. (Reporting by Elias Biryabarema; Editing by Hereward Holland)

Kenyan shilling broadly unchanged, LSEG data shows

14 Jan 2025 14 Jan 2025

NAIROBI (Reuters) – Kenya’s shilling was broadly unchanged against the U.S. dollar on Tuesday, data from the London Stock Exchange Group showed. At 0923 GMT, the shilling traded at 129.20/129.70 per dollar, compared to 129.25/129.75 at the close of trading on Monday. (Reporting by Hereward Holland; Editing by Alexander Winning)

Exclusive-Barrick to suspend operations in Mali after gold seized

13 Jan 2025 13 Jan 2025

By Portia Crowe, Divya Rajagopal, David Lewis, Giulia Paravicini DAKAR (Reuters) -Canadian miner Barrick Gold said it will have to suspend mining operations in Mali after the government seized gold stocks from the company’s Loulo-Gounkoto complex and flew them out by helicopter over the weekend. Around three metric tons had been taken from the mining …

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Dollar stays strong as doubts about Fed rate cuts grow

13 Jan 2025 13 Jan 2025

By Laura Matthews NEW YORK (Reuters) -The dollar rose on Monday, driving its peers to multi-year lows, after Friday’s blowout U.S. jobs report underscored economic strength and fueled growing doubts about the Federal Reserve cutting interest rates this year. The dollar index, which measures the greenback against a basket of currencies, rose 0.26% to 109.94. …

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Oil prices climb 2% to 4-month high with sanctions expected to disrupt Russian supplies

13 Jan 2025 13 Jan 2025

By Scott DiSavino NEW YORK (Reuters) – Oil prices climbed about 2% to a four-month high on Monday on expectations that wider U.S. sanctions on Russian oil would force buyers in India and China to seek other suppliers. Brent futures rose $1.25, or 1.6%, to settle at $81.01 a barrel, while U.S. West Texas Intermediate …

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South African rand flat after hitting 9-month low against buoyant dollar

13 Jan 2025 13 Jan 2025

JOHANNESBURG (Reuters) -South Africa’s rand was unchanged after slumping to a nine-month low early on Monday against a buoyant dollar, amid an uncertain outlook for further interest rate cuts by the Federal Reserve. At 1505 GMT, the rand traded at its Friday closing level of 19.10 against the dollar. It hit 19.23 per dollar earlier …

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