By Felix Njini (Reuters) -Gold Fields said on Thursday it was on track to start producing gold at its Salares Norte project in Chile in the fourth quarter of this year, after reporting lower half-year profit on higher costs. Like its Johannesburg-based rival AngloGold Ashanti, Gold Fields has shifted focus away from home country to …
Gold Fields says new Chile mine on track as profit dips Read More »
By Tim Cocks JOHANNESBURG (Reuters) – BRICS leaders meet in South Africa next week to discuss how to turn a loose club of nations accounting for a quarter of the global economy into a geopolitical force that can challenge the West’s dominance in world affairs. Russian President Vladimir Putin, who faces an international arrest warrant …
BRICS nations to meet in South Africa seeking to blunt Western dominance Read More »
By Felix Onuah ABUJA (Reuters) -Nigeria’s President Bola Tinubu appointed banker Olawale Edun as minister of finance and coordinating minister of the economy as he seeks to recalibrate Africa’s biggest economy, the president’s spokesman said on Wednesday. Edun, 62, is one of Tinubu’s closest advisers and a member of his economic team that helped prepare …
Nigeria’s Tinubu appoints banker Olawale Edun as finance minister -presidency Read More »
By Pete Schroeder WASHINGTON (Reuters) -Wall Street ended Wednesday lower and oil continued a downward slide as concerns over more Federal Reserve rate hikes and China’s laggard economy weighed on investors. U.S. stocks accelerated losses after minutes of the Fed’s July rate-setting meeting showed officials were divided on the need for more interest rate hikes, …
Stocks, oil slide as Fed mulls rates and China struggles Read More »
WASHINGTON (Reuters) – The new U.S. ambassador to Niger, Kathleen FitzGibbon, will arrive in Niamey following a coup last month, the State Department said on Wednesday, in a signal of Washington’s continued engagement with the situation. A U.S. official said she is expected to arrive in Niger later this week. The Senate confirmed FitzGibbon, a …
New US ambassador to Niger will arrive in country later this week Read More »
By Hannah Lang WASHINGTON (Reuters) – The Japanese yen further weakened against the dollar on Wednesday, hovering in a zone that last year triggered intervention, while the yuan slipped to a nine-month low as fears mounted about the extent of China’s slowdown. The yen has hit the key 145 per dollar level for four sessions, …
Dollar ticks higher versus yen, China fears drag on yuan Read More »
By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday despite a large drawdown in U.S. crude stocks as investors weighed worries about China’s embattled economy against expectations of tighter supply in the United States. Brent crude futures fell $1.44, or 1.7%, to settle at $83.45 a barrel while U.S. West Texas Intermediate crude (WTI) …
Oil settles lower as China fears, rate hikes counter tight US supply Read More »
By Moussa Aksar NIAMEY (Reuters) -Niger’s junta on Wednesday said 17 of its soldiers were killed in an ambush by insurgents, the deadliest attack since a July 26 coup whose leaders have cited persistent insecurity as a justification for deposing the civilian government. The ambush took place on Tuesday about 60 km (40 miles) from …
Niger says 17 of its soldiers killed in ambush near Burkina Faso border Read More »
By Camillus Eboh ABUJA (Reuters) – Nigeria’s suspended central bank governor Godwin Emefiele will appear in a high court in Abuja on Thursday, when he is expected to enter a plea in a 20-count indictment, a government lawyer said on Wednesday. Government lawyers, on Tuesday, said they had filed additional graft charges against the governor, …
Nigeria’s suspended cenbank governor to face fraud charges on Thursday Read More »
By Felix Onuah ABUJA (Reuters) – Nigeria’s state-oil firm NNPC said on Wednesday it has secured a $3 billion crude oil repayment loan from Cairo-based Afrexim Bank that will support the government’s reforms to stabilize the exchange rate market. A commitment letter and termsheet was signed on Wednesday for an emergency $3 billion crude oil …
Nigeria’s NNPC secures $3 billion loan to stabilize FX market Read More »
