BENGHAZI, Libya (Reuters) – Libya’s Tripoli-based National Oil Corporation (NOC) said on Wednesday that four export terminals were being reopened after eastern factions handed them the ports. The building housing Libya’s oil state energy firm, the National Oil Corporation (NOC), is seen in Tripoli, Libya February 22, 2016. REUTERS/Ismail Zitouny/File Photo Force majeure, a legal […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand retreated on Wednesday after the United States threatened to impose tariffs on another $200 billion worth of Chinese imports, cooling risk demand that had seen the currency rally to its best in three weeks. A street money changer counts South African Rands in Harare, Zimbabwe, May 5, 2016. REUTERS/Philimon […]
Read More JOHANNESBURG (Reuters) – A mineral sands operation on the South African coast run by Rio Tinto has been closed since Friday due to violent community protests which saw a security guard killed earlier this week, the company and a union said on Wednesday. A sign adorns the building where mining company Rio Tinto has their […]
Read More CASABLANCA, Morocco (Reuters) – Morocco’s economic growth is expected to slow to 2.9 percent in 2019 from a forecast 3.1 percent this year, the head of the country’s planning agency said on Tuesday. Employees work at the assembly line of Dacia Sandero cars at a factory operated by Somaca in Tangiers, file. REUTERS/Stringer Reporting by […]
Read More JOHANNESBURG (Reuters) – South Africa’s business confidence fell for a fifth month in a row in June, with activity mainly hit by a sharp decline in the currency as well as slower retail sales. Workers sort avocados at a farm factory in Nelspruit in Mpumalanga province, about 51 miles (82 km) north of the Swaziland […]
Read More BENGALURU (Reuters) – Gold prices gave up early gains to trade slightly lower on Tuesday as the U.S. dollar recovered, while lingering U.S.-China trade worries and political uncertainty over Brexit limited losses. Gold bars are displayed at South Africa’s Rand Refinery in Germiston, file. REUTERS/Siphiwe Sibeko/File Photo Spot gold was down 0.1 percent at $1,256.79 […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand opened firmer on Tuesday, extending gains from the last three sessions as a lull in global trade war fears lifted demand for emerging currencies. South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo […]
Read More CAIRO (Reuters) – Egypt’s annual urban consumer inflation surged to 14.4 percent in June from 11.4 percent in May, the official statistics agency CAPMAS said on Tuesday, after 10 months of steady decline. A fruit-seller sits at his stall in Cairo, file. REUTERS/Mohamed Abd El Ghany The increase, which took economists by surprise, came after […]
Read More TUNIS (Reuters) – Tunisia’s trade deficit rose 8.8 percent year-on-year in the first six months this year to 8.16 billion Tunisian dinars ($3.13 billion), the state statistics office said on Monday. Containers are seen at a port terminal in Bizerte, Tunisia, March 27, 2018. REUTERS/Zoubeir Souissi Exports from January until June 30 this year reached […]
Read More LUANDA (Reuters) – Angola’s net foreign exchange reserves fell to $12.986 billion in June from a revised $14.398 billion in May, data posted on the central bank’s website showed on Monday. An employee shows U.S. dollars banknotes at a money changer in Jakarta, Indonesia, April 24, 2018. Antara Foto/Hafidz Mubarak/via REUTERS Writing by Mfuneko Toyana; […]
Read More NAIROBI – (Reuters) – Kenya’s ARM Cement on Monday denied a report in the Business Daily newspaper that said it had concealed debts. The newspaper quoted a report by ARM’s auditor Deloitte, saying debts had been accumulated by the company’s subsidiaries. “This is absolute rubbish,” Pradeep Paunrana, ARM’s chief executive, told Reuters. He said he […]
Read More BENGALURU (Reuters) – Gold prices hit a near two-week high on Monday as investors covered their short positions and the dollar slipped to its weakest since mid-June, while lingering U.S.-Sino trade tensions also supported the bullion. Gold bars are displayed at South Africa’s Rand Refinery in Germiston , file. REUTERS/Siphiwe Sibeko/File Photo Spot gold was […]
Read More
