The managing director/CEO, Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, has said Africa is emerging as a critical global gas supply source, with production expected to double, solidifying the continent’s role in global energy security. He also said that natural […]
Sibanye Stillwater said it will enter talks with labour unions over a possible restructuring at one of its South African gold mines that could impact almost 3 000 people. The announcement is the latest blow for the company’s Kloof 4 […]
Oil climbed toward a 10-month high as the International Energy Agency added to warnings of a supply shortfall through the end of the year. West Texas Intermediate traded near $89 a barrel, after dipping 0.4% on Wednesday. Demand will eclipse […]
South Africa is experiencing a multi-billion-rand automotive investment boom. Multinational automotive group Stellantis confirmed on Wednesday its intention to invest R3 billion in South Africa to establish a state-of-the-art greenfields automotive plant at Coega in the Eastern Cape. Stellantis was […]
Asia-Pacific markets were lower on Friday as Japan released revised second-quarter gross domestic product figures. Hong Kong canceled trade for the whole day due to a storm warning. Japan’s Nikkei 225 extended losses from Thursday and fell 1.16%, closing at […]
Gold firmed on Friday as the dollar retreated from highs but the bullion was still en route to a weekly fall as traders looked beyond a widely expected pause by the Federal Reserve this month to focus on persistently resilient […]
Chinese developer Country Garden Holdings Co. has paid coupons on two-dollar bonds within grace periods, avoiding its first default and bringing some respite amid a liquidity crisis that’s shaken the nation’s financial markets. Among the most indebted property firms in […]
The US and Vietnam are eyeing developing ties to a higher level, as Washington puts more efforts into using or forcing China’s neighbors to join the US-launched Indo-Pacific strategy and major power competition that aim to contain China’s development. Analysts […]
Gold prices climbed on Monday towards a one-month peak scaled in the previous session, supported by a slight pullback in the dollar and prospects that the U.S. Federal Reserve would take a pause from interest rate hikes this year. Spot […]
In his challenging new book The Power of Money, former Harvard economist Paul Sheard boldly says that “government debt never has to be repaid” provided the debt is denominated in the issuer’s own currency and that the currency is a […]
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