S. Africa’s manufacturing activity rises in April – PMI
South African manufacturing saw a boost in April, according to Reuters citing a Purchasing Managers' Index (PMI)…
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Baker Hughes to establish new liquid mud plant in Namibia
Baker Hughes, an energy technology company, is set to establish a new liquid mud plant and a separate assembly,…
OECD maintains Indonesia growth outlook for 24-25
The Organisation for Economic Co-operation and Development (OECD) has maintained its growth projections for…
OECD slightly raises S. Africa’s growth outlook for 24-25
The Organisation for Economic Co-operation and Development (OECD) updated its economic outlook for 2024-2025 on…
India resumes purchasing Russian crude oil
Indian Oil Corp. resumed its purchase of Russian crude oil transported via a tanker owned by Sovcomflot PJSC this…
OECD raises US growth forecast for ’24, ’25
The US economy is projected to grow 2.6 per cent in 2024, before slowing to 1.8 per cent in 2025 as the economy…
Maersk boosts projected annual profits amid robust quarterly performance
Maersk, the shipping giant, has boosted its projected annual profits following a robust quarterly performance that…
Oil partially recovers losses in early Thursday trade
Oil partially recovered from its recent drop after a sharp decline on Wednesday driven by a significant increase in…
URGENT: US Fed leaves rates unchanged
The Federal Reserve decided to leave the interest rates unchanged at 5.25-5.50 per cent on Wednesday.
US Treasury plans $125b refunding
The US Treasury Department disclosed plans for a total refund of $125 billion for the upcoming May to July quarter…