JOHANNESBURG (Reuters) – South Africa’s government said that the petrol pump price would increase by up to 19 cents a litre and the diesel price would rise by up to 10.50 cents a litre from January 1. South Africa’s fuel prices are adjusted monthly due to factors including global oil prices and the rand exchange …
South Africa’s petrol, diesel pump prices to rise in January Read More »
TUNIS (Reuters) – Tunisian central bank said on Saturday it had left its benchmark interest rate unchanged at 8%, adding that borrowing costs were consistent with the inflation outlook. Inflation will average 7% this year before dropping to 6.2% in 2025, the bank said in a statement following its board meeting. (Reporting by Tarek Amara; …
ABIDJAN (Reuters) – Italy’s Eni on Saturday started a second phase of oil and gas production at Ivory Coast’s offshore Baleine field, the energy group said on Saturday. Eni discovered the Baleine field in September 2021 and started production in August last year. The second phase was scheduled to begin by the end of 2024. …
Eni begins second phase of oil and gas production at Ivory Coast Baleine field Read More »
CAIRO (Reuters) – Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its revenue from the waterway has plunged since Yemen’s Houthi militants began attacking vessels in the Red Sea. The Suez Canal Authority said in a statement that during a …
Egypt completes trial run of new Suez Canal channel extension Read More »
By Alden Bentley, Naomi Rovnick and Ankur Banerjee NEW YORK/LONDON/SINGAPORE (Reuters) – U.S. stocks wrapped up Christmas week on Friday with retracements of double-digit uptrends, and, alongside the dollar to a smaller degree, succumbed to profit taking in illiquid markets heading into the last weekend of 2024. Even with its slight loss on Friday, the …
Stocks hit, dollar slips in illiquid year-end profit taking Read More »
By Karen Brettell NEW YORK (Reuters) -The Japanese yen rose off a five-month low against the dollar on Friday after a summary of opinions from the Bank of Japan’s December policy meeting showed some policymakers gaining confidence in an imminent rate increase, while the Japanese central bank also cut its monthly bond purchases. Some Bank …
Yen gains as some BOJ policymakers see rate hike soon Read More »
By Mohamed Ezz, Michael Hogan and Olga Popova CAIRO (Reuters) -Egypt’s state grain buyer, Mostakbal Misr for Sustainable Development, has locked in enough wheat to meet the country’s needs through the end of June 2025, two sources with direct knowledge told Reuters. But a lack of details about the timing, pricing, and whether the contracts …
Exclusive-Egypt secures wheat needs through June 2025 Read More »
JOHANNESBURG (Reuters) – The South African rand gained in volatile holiday-thinned trade on Friday after posting losses for the previous two days. The rand traded at 18.66 against the dollar at 0730 GMT, about 1.1% stronger than its previous close. The currency lost about 1% against the dollar over Wednesday and Thursday, the Christmas Day …
South African rand gains in volatile holiday trade Read More »
By Stephen Culp and Alden Bentley NEW YORK (Reuters) -Wall Street closed mixed on Thursday and the U.S. benchmark Treasury yield eased after scaling the highest level since May in light, directionless post-Christmas trading. The dollar was flat, crude oil fell, and gold rose. The three U.S. stock indexes were all nearly unchanged, paring mild …
US stocks tread water in thin trade, benchmark US yield backs off new high Read More »
CAIRO (Reuters) – Egypt’s central bank kept its overnight interest rates unchanged on Thursday, as expected, saying that while inflation was set to decelerate sharply in early 2025 it nonetheless remained high. The bank’s monetary policy committee kept the lending rate at 28.25% and the deposit rate at 27.25%, it said in a statement. The …
Egypt central bank keeps overnight interest rates steady Read More »
