Nigeria’s Dangote oil refinery is increasingly skipping US crude
A senior Dangote official declined to comment on the refinery’s future crude-procurement plans.
View ArticleMcDonald’s Instagram account hacked by promoters of Grimace coin
The posts weren’t visible on McDonald’s account as of 5:30 p.m. New York.
View ArticlePwC expects six-month ban in China for Evergrande audit
Audit firm has been under the spotlight after China launched one of the biggest investigations of financial fraud in history.
View ArticleBinance hiring 1 000 as compliance spending tops $200m
To meet regulatory requirements.
View ArticleTransnet hails long jail sentences for infrastructure thieves
They were collectively sentenced to a total of 100 years in prison.
View ArticleEM stocks getting cheaper as investors cool to analyst optimism
'Emerging markets are very cheap, underloved and underowned,' said Ygal Sebban, investment director at GAM UK Ltd. 'The US takes it all still.'
View ArticleNuclear watchdog sees Chernobyl-style risk at Kursk reactor
'They don’t have a protective dome around them, just the normal roof, which means that the reactor’s core is pretty exposed,' Grossi said
View ArticleEuro-zone economy handed surprise boost by Paris Olympics
Which propelled private-sector growth to the fastest pace in three months.
View ArticleMeta shares are flying high as Zuckerberg sells his AI vision
Shares gained 13% this month, far outperforming Big Tech peers despite reporting another jump in capital expenditures and pledging to spend even more going forward.
View ArticleGold Fields cuts target again on Chile, South Africa output
Gold Fields’ stock fell as much as 7.7% following the release of the firm’s half-year results.
View ArticleJackson Hole history points to Powell sidestepping market shocks
'The Fed is perfectly fine where we are at now,' said Blake Gwinn, head of US interest rate strategy at RBC Capital Markets. 'I don’t think he will feel the need to really make waves here.'
View ArticleGold rebounds before fed speech that may offer rate clues
Spot gold was up 0.7% at $2 501.22 an ounce as of 10:29 a.m. in London, slightly down on the week.
View ArticleBriton must face South African Eskom bribery charges, court says
He was arrested in 2021 in London over Eskom’s payment of R745m to Tubular Construction Projects for work on the utility’s Kusile power plant.
View ArticleZambia rejects 156% power-price rise as drought deepens cuts
The decision denies Zesco an extra $42 million it would earn over three months from customers including households, malls and factories.
View ArticleEskom chair says EV stations will not lead to coal-fired cars
Even though the dirtiest fossil fuel dominates its generation capacity.
View ArticleZimbabwe orders trade permits for dollar-based commodity bourse
The ZSE first planned to role out such trading in the first quarter of this year.
View ArticleKey takeaways from Fed chair Powell’s Jackson Hole speech
'The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks', he said.
View ArticleFed’s Bostic says he now might favour more than one 2024 cut
The Atlanta Fed president said that 'inflation has moved a lot faster than I anticipated,'
View ArticleCape Town gets R2.8bn IFC loan for infrastructure drive
The 18-year loan will support investment in th metro.
View ArticleSA marks 150 days of uninterrupted power supply
Milestone due to implementation of recovery plan, says Eskom.
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