By Amanda Cooper LONDON (Reuters) -The euro edged up on Thursday after data suggested the downturn in the euro zone economy may be starting to ease, although holidays in the U.S. and Japan kept trading activity muted. With markets shut in Japan and the U.S. for Thanksgiving holidays, currencies traded with some volatility, as liquidity …
Euro profits from better euro zone data; U.S. market shut Read More »
RABAT (Reuters) – Morocco’s competition council said on Thursday it had fined the nine fuel companies operating in the country 1.84 billion dirhams ($180 million) because of non-compliance with free competition rules and price fixing. The council said it had reached an agreement with the petrol and diesel companies and their professional groups to pay …
Morocco’s competition regulator fines fuel companies $180 million Read More »
By Kopano Gumbi, Anait Miridzhanian and Tannur Anders PRETORIA (Reuters) -South Africa’s central bank stuck to its previous hawkish tone on Thursday as it kept its main lending rate unchanged for the third meeting in a row and emphasised that logistics bottlenecks were denting the growth outlook. The unanimous decision to keep the repo rate …
South African central bank opts for another ‘hawkish hold’ Read More »
By Natalie Grover LONDON (Reuters) – Nigeria is ramping up its production targets ahead of a pivotal OPEC+ meeting set to decide on matters including how much oil Africa’s biggest crude producer should aim to pump next year. Nigeria was producing 1.7 million barrels per day of crude and condensates as of Nov. 17 and …
Nigeria lifts production targets ahead of OPEC+ meeting Read More »
(Reuters) – Nigeria’s naira, Kenya’s shilling and Zambia’s kwacha are expected to be under pressure in the next week to Thursday, while Ghana’s cedi and Uganda’s shilling will probably be stable, traders said. KENYA Kenya’s shilling is expected to extend its gradual march lower as foreign-currency demand ramps up from all sectors before the end …
AFRICA-FX-Nigerian, Kenyan and Zambian currencies seen under pressure Read More »
By Duncan Miriri NAIROBI (Reuters) -Kenya’s President William Ruto said on Thursday the government was poised to privatise 35 state companies after enacting a law last month to guide the process. Kenya last privatised a state-owned company in 2008 with an initial public offering (IPO) for 25% of the shares in telecommunications firm Safaricom. “We …
Kenya to sell 35 state companies as Africa seeks to jumpstart IPOs Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -Mr Price shares jumped 11% on Thursday after the South African budget fashion retailer posted a smaller than expected drop in first-half profit and forecast an improved performance in the second half, which includes holiday trade. Shares in the group, which also sells homewares and sports clothing and equipment, hit …
South Africa’s Mr Price jumps on better than expected profit Read More »
KIGALI (Reuters) -Rwanda’s central bank maintained its key lending rate at 7.5% on Thursday and said it saw inflation falling towards its target range by the end of the year. Annual inflation peaked at 21.7% in November last year, falling to 11.2% last month, but it is still above the country’s 2%-8% target. Central bank …
Rwanda holds policy rate, sees inflation falling towards band Read More »
By Tito Correa, Nyasha Chingono and Miguel Lo Bianco QUITO/HARARE/BUENOS AIRES (Reuters) – From Zimbabwe’s capital Harare to Quito in Ecuador, green bills circulating on the streets and in shops with images of U.S. presidents reflect a big choice that has been made: picking the dollar over the local currency to bring economic stability. The …
In Quito and Harare, advice and warnings about dollarization for Argentina Read More »
By Hari Kishan and Indradip Ghosh BENGALURU (Reuters) -Most key global stock indexes are forecast to rise modestly over the coming year, closing 2024 below record highs, while a slim majority of stock market experts polled by Reuters expected their markets to touch new peaks within the next six months. Much will depend on interest …
Global stock indexes forecast to rise modestly in 2024 Read More »
