By Herbert Lash NEW YORK (Reuters) – Bonds sold off and global equity markets failed to fully shake off New Year blues on Thursday after U.S. unemployment data indicated a resilient labor market, tempering expectations of Federal Reserve interest rate cuts in 2024. The yield on 10-year Treasuries jumped above 4% in a sharp reversal …
Global stocks stumble as yields rise on tight US labor market Read More »
By Laura Sanicola (Reuters) -Oil settled lower on Thursday in a choppy see-saw session, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. Brent crude settled down 66 cents, or 0.8%, to $77.59. During the session it both rose and fell over $1. U.S. West Texas Intermediate crude futures settled …
Oil settles lower on massive US fuel inventory builds Read More »
(Reuters) -South Africa needs a massive power plant construction programme to ensure adequate electricity supply up to 2050, a government planning document released for public comment on Thursday showed. Africa’s most industrialised economy has suffered power cuts for more than a decade which have held back growth, reaching record levels last year lasting up to …
South African power plan points to need for massive plant build Read More »
LAGOS (Reuters) – Nigerian state-owned oil firm NNPC Ltd will complete test runs at the Port Harcourt refinery in the south this month, in a major step towards resuming operations five years after the plant was shut, the company said on Thursday. “Testing will conclude shortly, ensuring the refinery’s efficient operation. That phase will be …
Nigeria’s Port Harcourt oil refinery to complete test run this month Read More »
By Camillus Eboh ABUJA (Reuters) – Nigeria’s economic and financial crimes agency on Thursday inspected Dangote Group’s books as part of investigations into possible past misuse of foreign currency sourced from the central bank, two sources at the agency said. The Dangote Group, which counts cement and fertiliser manufacturing and sugar refining among its businesses, …
Nigeria’s anti-graft body visits Dangote Group in forex probe -sources Read More »
CAIRO (Reuters) – Egypt initialed an agreement with Abu Dhabi’s AD Ports Group to develop, operate and maintain terminals for passengers and cruise lines at the Red Sea ports of Hurghada, Safaga and Sharm El Sheikh, its transport ministry said on Thursday. The contract will also commit AD Ports Group to develop yacht and cruise …
Egypt agrees with AD Ports to develop Red Sea tourism terminals Read More »
By Ange Kasongo KINSHASA (Reuters) – Democratic Republic of Congo’s powerful Catholic bishops conference and Protestant churches on Thursday demanded an independent inquiry be opened into irregularities and alleged legal violations observed during December general elections. Congo’s CENI election commission said on Sunday that President Felix Tshisekedi had secured more than 73% in the Dec. …
Congo’s Catholic and Protestant churches demand inquiry into election issues Read More »
TUNIS (Reuters) – A Tunisian anti-terrorism unit arrested Al Jazeera reporter Samir Sassi late on Wednesday, the Tunisian journalists’ union said. The unit has searched his home and seized his computer and phone, as well as those of his family members, the union said in a statement on Thursday. The union denounced the arrest as …
Tunisian anti-terrorism unit arrests Al Jazeera reporter -union Read More »
By Aadi Nair (Reuters) -Oscar Pistorius’ life story from before and after Valentine’s Day 2013 reads like the script to two markedly different films – the first an inspirational sporting biopic and the second a grim tale of murder. In the first he was the “Blade Runner”, the multiple Paralympic gold medallist with carbon-fibre prosthetic …
Oscar Pistorius, track star turned convicted murderer, set to leave jail Read More »
By Patrick Werr CAIRO (Reuters) – Egypt is preparing to spend billions doubling the size of a lavish new capital it is building in the desert 45 km (28 miles) east of Cairo, where the first residents are trickling in, the head of the company overseeing the project said. The city is the biggest of …
Egypt plans expansion of new capital as first residents trickle in Read More »
