Motorists, mostly long distance drivers, welcome the efforts of the governments of Mozambique and Zimbabwe working towards the opening of the Machipanda border crossing, in Manica province, for 24 hours a day. Although there is still no date yet, the opening of that land crossing point could happen within...
Oil is appreciating, with some volatility, as fears about a decrease in supply in the face of increased demand extend. Investors are paying attention to the restrictive monetary policy of the US monetary authority (Fed) that has led the "black gold" to register a fall, along with other "commodities". This Thursday two of the...
Banco Comercial e de Investimentos (BCI), controlled by CGD and BPI, almost doubled its net profit in 2021 compared to the previous year, to 5.2 billion meticais. According to the report and accounts consulted today by Lusa, the year 2021 "is marked by the fact that, under difficult circumstances, the BCI has presented a very strong growth...
The giant Coca-Cola announced that the pandemic is still hurting its sales, even if cost-cutting efforts have helped it beat analysts' forecast earnings estimates. Thus, net income in the fourth quarter was 1.30 billion euros, down from the 2 billion euros...
Gold is trading higher for the third day in a row as investors await Fed Chairman Jerome Powell's Senate hearing. Topics such as the withdrawal of stimulus and the interest rate hike scheduled for March are expected to be addressed. The lawmaker, who is now going for a second...
Oil started the year on a high and is already heading for a third consecutive week of gains, at a time when some OPEC+ members are facing some constraints, such as Kazakhstan or Libya. Today, West Texas Intermediate is up 0.39% to $79.77. On the other hand, Brent crude from the North Sea...
Oil trailed slightly higher after Reuters announced that OPEC+ decided to maintain its current production increase of 400,000 barrels per day, but the gains were quickly erased. Statements from yesterday's technical meeting showed that the cartel does not see a big impact from the Omicron variant, as...
Gold is trading with gains, after optimism marked the last session helping push U.S. and European stocks to new record highs, with investors betting that the global economic recovery could overcome the risks of the omicron variant and a "tightening" in monetary policy. By.
Gold returned to gains this Thursday, much on the back of the dollar's decline. As of this afternoon, the precious metal is up 0.47%, with the ounce trading at $1,785.34. This rise in gold comes at a time when the dollar is retreating 0.28% against a basket composed of rival currencies,...
Oil started extending gains on Tuesday as world stocks recovered from the scare caused by the new variant of covid-19 that appeared in South Africa, thus ending six weeks of losses and starting a new season of rising stock markets. Brent crude is currently adding up to...