JOHANNESBURG (Reuters) – South African food producer Premier Group posted on Tuesday a rise of 32.4% in half-year profit at the upper end of its forecast range, boosted by cost-saving initiatives in a challenging operating environment. The 200-year-old company which listed last year said its headline earnings per share (HEPS)- a profit measure – grew …
S.Africa’s Premier Group reports jump of 32.4% in interim profit Read More »
By Siddarth S (Reuters) – Donald Trump’s re-election could boost emerging markets equities in the Middle East and North African (MENA) region because of a potentially stronger dollar, higher U.S. bond yields and global trade policy shifts, J.P.Morgan said on Tuesday. “We prefer dollar-pegged MENA over EM FX dependent non-MENA in CEEMEA (Central and Eastern …
Trump victory to boost EM equities in Middle East, North African region, J.P.Morgan says Read More »
NAIROBI (Reuters) -Kenya’s Equity Group Holdings on Tuesday reported pretax profit of 51.0 billion Kenyan shillings ($397 million) for the first nine months of 2024, up from 45.9 billion shillings in the same period a year earlier. Equity Group is Kenya’s largest lender by customers and also operates in Uganda, Tanzania, Rwanda, Burundi, South Sudan …
Kenya’s Equity Group reports 9-month pretax profit rises to $397 million Read More »
WASHINGTON (Reuters) – The International Monetary Fund said on Monday that it reached a staff-level agreement for the fourth review of Zambia’s loan program that would release about $185.5 million to Lusaka upon approval by the IMF’s management and its executive board. The agreement was announced after an IMF mission to Zambia from Oct. 2-15, …
IMF reaches staff agreement with Zambia for $185.5 million disbursement Read More »
By Lawrence Delevingne (Reuters) -Wall Street kicked off a busy week on Monday by holding on to gains from the surge in stocks that followed Donald Trump’s U.S. election victory, while oil prices declined and bitcoin raced to a new record high. In U.S. equity markets, the Dow Jones Industrial Average rose 0.7%, to 44,293, the …
Wall St holds Trump trade gains with stocks steady, bitcoin at record high Read More »
By Hannah Lang and Chibuike Oguh (Reuters) -The euro dropped to its lowest level in nearly seven months against the U.S. dollar on Monday, weighed down by investor worries about possible tariffs by a new White House administration which could hurt the euro area’s economy. The euro has edged lower since Donald Trump won the …
Euro hits near 7-month low vs dollar as tariff worries weigh Read More »
(This Nov. 10 story has been corrected to say that Resolute Mining owns one operational mine in Mali, not two, in paragraph 9) (Reuters) – Resolute Mining’s shares fell by 32% on Monday, their worst trading day in 16 years, after top executives at the Australian gold mining company were detained as part of a …
Australian gold miner Resolute’s shares sink after Mali detains CEO (Nov 10) Read More »
JOHANNESBURG (Reuters) -South Africa’s rand slumped on Monday, buffeted by global headwinds including a softer gold price, the sputtering Chinese economy and uncertainty over future U.S. policy after Donald Trump’s election victory. At 1514 GMT, the rand traded at 17.9375 against the dollar, down about 2% on Friday’s closing level. The U.S. dollar last traded …
South African rand falls, buffeted by global headwinds Read More »
By Sfundo Parakozov JOHANNESBURG (Reuters) -South Africa’s biggest telecoms operator Vodacom said on Monday it will not look into other M&A deals after its proposed merger with fibre group Maziv was blocked by regulators last month. The decision by the country’s Competition Tribunal was a blow to Vodacom’s ambitions of expanding its fibre footprint nationwide. …
Vodacom not looking for other M&A deals after blocked Maziv merger Read More »
GABORONE (Reuters) -Botswana’s Vice President Ndaba Gaolathe will double as finance minister, new President Duma Boko said on Monday, announcing the first ministerial positions in his cabinet. In a shock election result earlier this month, Boko’s Umbrella for Democratic Change coalition ousted the party that had ruled the southern African country for nearly six decades. …
Botswana vice president will double as finance minister Read More »
