By Gertrude Chavez-Dreyfuss and Herbert Lash NEW YORK (Reuters) – The dollar climbed from more than three-month lows on Wednesday after data showing the U.S. economy grew faster in the third quarter than initially reported helped investors consolidate positions following four days of losses. The greenback rose against the euro and an index of six …
Dollar rises from 3-1/2-month low; rate cut bets intact Read More »
By Shariq Khan BENGALURU (Reuters) – Oil prices rose more than $1 a barrel on Wednesday as investors focused their attention on expectations of fresh supply cuts from OPEC+ and looked past a jump in U.S. crude, gasoline and distillate stockpiles. Brent crude futures advanced by $1.42, or 1.7%, to settle at $83.10 a barrel, …
Oil prices gain near 2% on expectations of deeper OPEC+ cuts Read More »
DAKAR (Reuters) – Islamist jihadist militants killed at least 40 civilians during an attack in northern Burkina Faso over the weekend, the United Nations’ Human Rights Office said. The latest reported assault in an area rife with jihadist activity took place on Sunday in the town of Djibo, where many displaced people have sought refuge. …
Militants kill at least 40 in north Burkina Faso attack on Sunday -U.N Read More »
JOHANNESBURG (Reuters) – Smartphone shipments in South Africa grew 73% year-on-year in the third quarter and were up 44% from the previous three months as major Chinese manufacturers pushed their presence in the continent’s most advanced economy, Counterpoint Research said. Although Chinese manufactures are eyeing Middle East and Africa (MEA) markets more broadly, Counterpoint said …
South Africa smartphone shipments grow 73% as Chinese manufacturers push products Read More »
By Jennifer Rigby LONDON (Reuters) – Climate change is the biggest threat to human health in Africa and the rest of the world, the head of the continent’s public health agency said. Mitigating that risk was top of his agenda, Jean Kaseya, the director general of the Africa Centres for Disease Control and Prevention (CDC), …
Climate change is the biggest human health risk, says Africa’s disease boss Read More »
By Rachel Savage JOHANNESBURG (Reuters) – Africa’s economic growth will slow this year and only partially recover in 2024, the African Development Bank (AfDB) said on Wednesday as it slashed its GDP forecasts for the continent amid political instability, weak global growth and high interest rates. Real GDP growth is set to fall to 3.4% …
Africa’s economic growth to slow in 2023, AfDB says as it slashes forecasts Read More »
JOHANNESBURG (Reuters) -The South African rand gained on Wednesday after a U.S. Federal Reserve official flagged a possible interest rate cut in the coming months, while the local central bank said systemic risks to financial stability remained elevated. The rand traded at 18.5700 against the dollar at 1530 GMT, about 0.2% stronger than its previous …
South African rand lifted by talk of Fed rate cuts Read More »
OSLO (Reuters) -Equinor said on Wednesday it had agreed to sell its Nigerian business, including the company’s share in the Agbami oil field, to Nigerian-owned Chappal Energies. Equinor did not reveal the price of the transaction. “Our business in Nigeria has been very profitable and we expect to book a gain when the deal closes,” …
Equinor sells Nigeria business to Chappal Energies Read More »
By Tannur Anders JOHANNESBURG (Reuters) -South African commercial property group Vukile Property Fund said on Wednesday it had not opted for new investments in the country amid a high cost of debt. South Africa is currently facing its highest interest rates since 2009, with the central bank keeping its main lending rate unchanged at 8.25% …
S.Africa’s Vukile says high debt costs deterring local investment Read More »
By Natalie Grover and Alex Lawler LONDON (Reuters) – OPEC+ member Nigeria is unlikely to reach its own production target in 2024 after years of declining output, according to figures from two of three consultancies the group has tasked with verifying the country’s output ahead of policy decisions. The Organization of the Petroleum Exporting Countries …
Nigeria’s oil production targets could be a stretch, analysts say Read More »
