Business Africa

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • ANKARA, Dec 8- Iran's President Hassan Rouhani said on Thursday that members of OPEC should work together to secure implementation of a deal reached last month aimed at stabilizing the oil market, Iran's state TV reported. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • ANKARA, Dec 8- Iran's President Hassan Rouhani said on Thursday that members of OPEC should work together to secure implementation of a deal reached last month aimed at stabilizing the oil market, Iran's state TV reported. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • JOHANNESBURG— The finance chief of Britain says he sees big opportunities to build on trade ties with South Africa, which is Britain's biggest export market in Africa. Philip Hammond, whose title is chancellor of the exchequer, spoke Thursday in Cape Town during an overseas tour to reassure global partners ahead of Britain's planned departure from the...

  • *Barclays aims to integrate corporate and investment bank in UK. *Will look to selectively hire in UK team. At the heart of the strategy is a plan to win more advisory business from British companies the bank already lends to, with Alisdair Gayne leading the charge as head of UK investment banking.

  • PUNTA DE ARAYA, Venezuela— The pirates had killed Flaco Marval's brother and two cousins, and word was they were coming for the rest of the family. "People can't make a living fishing anymore, so they're using their boats for the options that remain: smuggling gas, running drugs and piracy," said Jose Antonio Garcia, leader of the state's largest union.

  • ABUJA, Dec 7- Nigeria's oil sales should remain the sole responsibility of one company rather than be split between two agencies as a draft of the country's long-awaited petroleum bill proposes, the head of state oil company NNPC said on Wednesday. Maikanti Baru, the Nigerian National Petroleum Corporation's group managing director, told a parliamentary...

  • ABUJA, Dec 7- Nigeria's oil sales should remain the sole responsibility of one company rather than be split between two agencies as a draft of the country's long-awaited petroleum bill proposes, the head of state oil company NNPC said on Wednesday. Maikanti Baru, the Nigerian National Petroleum Corporation's group managing director, told a parliamentary...

  • PRETORIA, South Africa— Britain's exit from the European Union will be a "smooth process" that will not disrupt trade patterns with smaller countries, finance chief Philip Hammond said Wednesday as he began an overseas tour to reassure global partners ahead of his nation's planned EU departure. Philip Hammond met with Finance Minister Pravin Gordhan and...

  • LAGOS, Nigeria— Nigeria and Morocco have agreed to build a pipeline to carry Nigerian natural gas to North Africa and Europe in a major initiative to boost energy production across West Africa and create industrial hubs to attract foreign investment, a joint statement said Wednesday. The two countries' sovereign wealth funds will jointly develop the pipeline...

  • LONDON, Dec 7- British finance minister Philip Hammond will seek to reassure some of the country's trade and investment partners that Brexit will not hurt them when he travels to South Africa on Wednesday and to Japan and South Korea next week. During his visit to Japan- which has expressed concerns about the implications of Brexit for its companies- Hammond is...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 6- Emerging market equities hit five-day highs on Tuesday, with the Moscow bourse at fresh peaks as investors shrugged off the results of Italy's referendum, while a weaker dollar helped currencies such as the rand and the lira make gains. Italian Prime Minister Matteo Renzi said he would resign after the weekend's referendum, which saw voters reject...

  • *Companies say Burkina Faso blocked development of manganese mine. DAKAR, Dec 5- Three companies belonging to Romanian-Australian businessman Frank Timis's Pan African Minerals Group are seeking $385 million from Burkina Faso via mediation, accusing it of blocking development of one of the world's biggest manganese mines. According to an arbitration...