CNBC Africa
Glencore scraps $2.6 billion dividend as first-half earnings fall
LONDON (Reuters) – Glencore said on Thursday it was scrapping its dividend to focus on lowering debt as the COVID-19 pandemic forced it to book a $3.2 billion impairment charge. The miner and trader, which had expected to pay $2.6 billion in dividends, the economic outlook was to...
Views : 15. Votes : 0. Shares : 0.
 
CNBC Africa
Views : 27. Votes : 0. Shares : 0.
 
CNBC Africa
Glencore ups expectations for trading, cuts coal guidance
LONDON (Reuters) – Swiss-based Glencore said a stellar performance in trading would see it hit the top end of guidance for the year but posted lower production figures for its first half. Copper output fell 11% to 588,100 tonnes for the six months to June 30 while cobalt output w...
Views : 15. Votes : 0. Shares : 0.
 
Voice Of America
Views : 35. Votes : 0. Shares : 0.
 
CNBC Africa
Shell writes down Nigerian licence at heart of Italian bribery trial
LONDON (Reuters) – Royal Dutch Shell said on Thursday its second-quarter writedowns include the OPL 245 licence for an offshore oilfield in Nigeria which it holds alongside Eni and which is at the centre of an ongoing corruption court case in Italy. Italian prosecutors have asked...
Views : 17. Votes : 0. Shares : 0.
 
CNBC Africa
‘Vaccine nationalism’: Is it every country for itself?
This, according to global health charity Medecins Sans Frontieres (MSF), will further fuel “the global scramble to hoard vaccines by rich countries” and feed “a dangerous trend of vaccine nationalism”.
The post ‘Vaccine nationalism’: Is it every country for itself? appeared first...
Views : 20. Votes : 0. Shares : 0.
 
CNBC Africa
Anglo American lowers dividend after 39% profit fall from lockdowns
LONDON (Reuters) – Diversified miner Anglo American said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. The London-listed miner posted underlying earnings before interest, tax, depreciation...
Views : 26. Votes : 0. Shares : 0.