By Karen Brettell, Medha Singh NEW YORK (Reuters) -The U.S. dollar slipped on Monday as investors pulled out of Trump trades, which have benefited in recent weeks from speculation that Republican former President Donald Trump is more likely to win the presidential election on Tuesday against Democratic Vice President Kamala Harris. “The Trump trade is …
Dollar slips as traders unwind Trump trades before election Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -The Competition Tribunal’s decision to block a merger between Vodacom and a major fibre operator will likely derail a push by South African telecoms firms to use big M&A deals as a shortcut to digital infrastructure expansion, analysts said. The ruling, which blocked South Africa’s top telco from taking a …
Blocked Vodacom merger derails S.African telcos M&A push, analysts say Read More »
JOHANNESBURG (Reuters) -South Africa’s rand gained on Monday against a weaker dollar, as investors geared up for the U.S. to elect its next president and the Federal Reserve’s interest rate announcement this week. At 1522 GMT, the rand traded at 17.50 against the U.S. dollar, about 0.9% stronger than its previous close. The dollar last …
South African rand gains as markets brace for US election, rate decision Read More »
By Maxwell Akalaare Adombila ASAMANKESE, Ghana (Reuters) – Cocoa farmers in the world’s No.2 producer Ghana are hoarding beans in anticipation of higher prices, industry sources told Reuters, potentially squeezing supplies to a global cocoa market looking to recover from last season’s disastrous harvests. While the scale of the up-country bean stocking was not clear, …
Ghana cocoa farmers hoard beans in anticipation of price hike Read More »
JOHANNESBURG (Reuters) -South African commercial property group Redefine reported on Monday that its full-year distributable income fell 2.9%, at the centre of its forecast range and still affected by a prolonged period of high interest rates. The group said its distributable income per share – which is equivalent to net profit and one of the …
S.Africa’s Redefine reports 2.9% fall in annual income, outlook improves Read More »
(Reuters) – Credit ratings agency Fitch raised Egypt’s rating to “B” from “B-” on Friday, citing the country’s stronger finances on the back of several foreign investments and support, and tighter monetary conditions. “Egypt’s external finances have been bolstered… FX buffers have recovered, and we have somewhat greater confidence that the more flexible exchange rate …
Fitch raises Egypt’s credit rating by one notch to ‘B’ Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes climbed on Friday with Amazon.com shares rallying following the company’s stronger-than-expected results, while 10-year Treasury yields hit a four-month high as investors grew wary of buying bonds before the U.S. presidential election on Tuesday. Treasury yields initially tumbled after U.S. jobs data for October showed …
Stocks rise with Amazon; US yields up ahead of US election Read More »
By Brian Benza, Felix Njini and Clara Denina GABORONE (Reuters) -Botswana’s new president, Duma Boko, said on Friday he wanted to conclude talks for a new sales pact with global diamonds giant De Beers as soon as possible. De Beers, a unit of mining company Anglo American, last year agreed a new diamond sales pact, …
Botswana’s new president aims to clinch De Beers diamond sales pact soon Read More »
By Sonia Rao NAIROBI (Reuters) – Kenyan hair braider Jemima Atieno spent decades building her business in Nairobi’s bustling Kenyatta market, only to lose ground to social media after the pandemic as her customers went online to find similar services. “I don’t know how somebody can get to social media,” the 52-year-old told Reuters, reflecting …
App boosts Kenyan hair braiders left behind by digital gender gap Read More »
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) -The dollar rose against the euro and rebounded against most major currencies on Friday after traders digested data showing U.S. job growth slowed sharply in October amid disruptions from hurricanes and strike action by aerospace factory workers. Nonfarm payrolls rose by 12,000 jobs after a …
Dollar rebounds after weak jobs data; traders eye US election Read More »
