By Tannur Anders JOHANNESBURG (Reuters) -South Africa’s inflation rate rose less than expected in November, staying just below the central bank’s target range thanks to food inflation slowing to its lowest level in almost 14 years. Headline consumer inflation was 2.9% year on year in November from 2.8% in October. In month-on-month terms, inflation was …
South Africa inflation rises less than expected, helped by food Read More »
By Chris Prentice, Pete Schroeder NEW YORK (Reuters) -Global equities retreated and the dollar rose on Tuesday as investors awaited fresh inflation data and further economic news later in the week. Gold prices hit a two-week high, boosted by rising geopolitical tensions and expectations of a third U.S. rate cut by the Federal Reserve next …
Global shares fall, dollar climbs ahead of inflation report Read More »
By Erwin Seba HOUSTON (Reuters) -Oil prices rose on Tuesday as markets looked to rising demand in China, the world’s largest buyer, and possible tight supply in Europe this coming winter and away from the overthrow of Syria’s president. Brent crude futures settled at $72.19 a barrel, up 5 cents or 0.07%. U.S. West Texas …
Oil prices rise on China stimulus, possible tight supply in Europe Read More »
JOHANNESBURG (Reuters) – South African lender Nedbank Group said on Tuesday that its 10-month performance reflected headline earnings growth above mid-single digits, driven by a decline in credit impairments and strong non-interest revenue growth. Without giving figures, Nedbank said profit in the 10 months to Oct. 31 had also been buoyed by good expense management, …
South Africa’s Nedbank 10-month profit growth above mid-single digits Read More »
JOHANNESBURG (Reuters) – South Africa’s rand weakened against a stronger dollar on Tuesday as investors shifted their focus towards monthly U.S. and local inflation figures. At 1517 GMT, the rand traded at 17.85 against the U.S. dollar, about 0.4% weaker than Monday’s close. The greenback was last trading up about 0.39% against a basket of …
South African rand slips ahead of US, local inflation data Read More »
By Sethuraman N R (Reuters) -Indian clean energy firms will only be allowed to use locally made solar cells supplied by an approved list of companies in government projects from June 2026, the country’s renewable energy ministry said, in a move aimed at curbing Chinese imports. India already requires the use of locally made photovoltaic …
India mandates use of locally made solar cells in government projects from June 2026 Read More »
CAIRO (Reuters) -Egypt’s annual urban consumer price inflation rate dropped more than expected to 25.5% in November, its lowest since December 2022, data from statistics agency CAPMAS showed on Tuesday. Inflation began climbing precipitously in early 2022 following the Russian invasion of Ukraine, which prompted foreign investors to withdraw billions of dollars from Egyptian treasury …
Egypt’s inflation dips to near two-year low of 25.5% in November Read More »
LONDON (Reuters) -Emirati-Lebanese shipbuilder Privinvest on Tuesday was refused permission to appeal against Mozambique’s victory in a London lawsuit over the decade-old “tuna bond” scandal. The southeast African country sued Privinvest and its now late owner Iskandar Safa, alleging they paid bribes to Mozambican officials and Credit Suisse bankers to secure favourable terms on three …
(Reuters) – Thungela Resources said on Tuesday it expects its coal production for the year to December 2024 to exceed targets, thanks to productivity efficiencies and improved rail logistics in South Africa. The South African thermal coal exporter said in an update output in its home country would be 13.4 million tons, above the target …
S.Africa’s Thungela sees coal output jump as rail performance improves Read More »
NAIROBI (Reuters) – South Sudan’s President Salva Kiir has fired the head of the country’s military, the police chief and the central bank governor, an announcement made on the state-owned broadcaster SSBC said. Kiir’s announcement late on Monday gave no reasons for the dismissals. It said Kiir had appointed Paul Nang Majok as the army’s …
South Sudan president fires army and police chiefs, central bank governor Read More »
