JOHANNESBURG (Reuters) – South African state-owned logistics group Transnet on Tuesday reported a wider loss of 2.2 billion rand ($117.48 million) in the six months to Sept. 30 on higher costs and operational challenges. Transnet made a loss of 1.6 billion rand during the same period last year. The debt-saddled company has struggled to provide …
South Africa’s Transnet half-year loss widens to $117 million Read More »
NAIROBI (Reuters) – Kenya’s shilling was unchanged against the dollar on Tuesday, data from the London Stock Exchange Group showed. At 1004 GMT, the shilling traded at 129.00/129.50, the same as Monday’s closing rate. (Reporting by Hereward Holland)
JOHANNESBURG (Reuters) – South Africa’s rand edged higher on Tuesday in thin-trading. At 0916 GMT, the rand traded at 18.7375 against the dollar, about 0.2% stronger than its previous close. “Moves are being exaggerated by the thin liquidity and we should see some stability return to the Rand come next week,” said Andre Cilliers, currency …
DUBAI (Reuters) – Egypt’s GDP growth rate was 3.5% in the first quarter of its 2024/25 year, up from 2.7% a year earlier, the planning ministry said on Tuesday. (Reporting by Nayera Abdallah)
(Reuters) -Kenya’s consumer price inflation <KECPI=ECI > inched up to 3.0% year-on-year in December, up from 2.8% a month earlier, the statistics office said on Tuesday. On a monthly basis, inflation was 0.6% compared with 0.3% in November, the Kenya National Bureau of Statistics said in a statement. Kenya targets an inflation rate of between …
Kenya’s inflation inches up in December, stats office says Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks dropped for a third straight session on Monday as the recent bout of elevated U.S. Treasury yields prompted profit-taking at the end of a strong year for equities. On Wall Street, all three major U.S. indexes closed with sharp losses in a broad selloff, with each of …
By Shariq Khan NEW YORK (Reuters) -Oil prices settled higher on Monday in thin late-year trade as investors bet on a drop in temperatures across the U.S. and Europe over the coming weeks to boost diesel demand. Brent crude futures rose 22 cents, or 0.3%, to settle at $74.39 a barrel. The more active March …
Oil rises on diesel demand boost in sparse holiday trade Read More »
By Isaac Anyaogu LAGOS (Reuters) – Nigeria said on Monday it had resumed some operations at its Warri oil refinery after almost a decade of shutdowns, one of a string of long-running failures that have left Africa’s largest crude exporter importing most of its fuel. The government has promised to revive its moribund refineries which …
Nigeria says its Warri Refinery is back after a decade of closures Read More »
ABIDJAN (Reuters) – No rain fell last week in most of Ivory Coast’s main cocoa regions and farmers said on Monday that the dry weather could damage bean quality and tighten supply from February. The world’s top cocoa producer is in the dry season that runs from mid-November to March, when rainfall is low. Farmers …
Dry weather threatens Ivory Coast cocoa crop, farmers say Read More »
JOHANNESBURG (Reuters) – South Africa’s rand weakened on Monday in thin year-end trading. At 0921 GMT, the rand traded at 18.77 against the dollar, about 0.5% weaker than its previous close. The dollar index was last up 0.1% against a basket of other major currencies. On the stock market, the Top-40 index was down around …
