Home Tags Africa

Tag: Africa

West Africa Crude-Nigerian market struggles with unsold cargoes

LONDON: Nigerian grades continued to struggle on Tuesday, weighed down by a surplus of unsold June-loading cargoes as the July programmes emerged, while Angola’s...

Ghana cocoa purchases topped 700,000 T by early May

ACCRA: Cocoa purchases declared to Ghana’s Cocobod topped 700,000 tonnes by early May, up from 650,000 tonnes a month earlier, a source with the...

South Africa’s rand surrenders brief gains to resurgent dollar

JOHANNESBURG: South Africa’s rand weakened early on Thursday, giving up the previous session’s gains as investors short on the local and other emerging currencies...

Rising US yields push emerging FX further into doldrums

LONDON: Emerging market currencies saw another sell-off on Thursday and Turkey’s lira took a fresh beating due to a rise in US Treasury yields...

Oil gains after report shows larger than expected US stock draws

NEW YORK: Oil prices gained on Wednesday, shaking off the effects of a strengthening dollar, after an inventory report showed U.S. crude and gasoline...

Oil dips on signs of ample supply despite OPEC cuts, Iran...

SINGAPORE: Oil prices fell on Wednesday, weighed down by ample supplies despite ongoing output cuts by producer cartel OPEC and looming U.S. sanctions against...

South African rand falls as rising US bond yields lift dollar

JOHANNESBURG: South Africa’s rand fell more than two percent against the dollar on Tuesday, hurt by a greenback which drew strength from rising US...

Investors see big oil surge, but physical markets suggest caution

© Reuters. FILE PHOTO - A general view of a crude oil importing port in Qingdao ...

German companies positive about future despite higher risks: survey

German firms positive about future despite higher risks: DIHK...

All lights ‘set on green’ for end to Greek bailout, says...

© Reuters. FILE PHOTO: Luxembourg's Finance Minister Pierre Gramegna...