Tag Archives: June

South Africa June thermal coal exports up 2.5% on the month, H1 flat


Highlights

62.3% of exports to India

H1 exports largely unchanged on the year

Other origins more competitive to India, Pakistan



London —
South African thermal coal exports for the month of June totaled 6.2 million mt, an increase of 2.5% from May but down 8% on the year, with the total volume for the first half of 2018 largely unchanged on the year at 38.4 million mt, according to customs data released Monday.

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India remained the dominant importer of South African coal, with a total volume for June at 3.83 million mt, up 17% from May and also up 35% on the year, which could have been driven by…

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PDVSA’s oil sales to U.S. bounced in June; Caribbean stocks drained


Venezuelan crude sales to the United States recovered in June from May as state-run PDVSA exported more of its diluted oil to its customers and drained inventories from two Caribbean islands affected by assets seizures, according to Thomson Reuters data.

PDVSA exports have declined in recent months due to a stubborn tanker backlog around Venezuela’s main ports and its fast-declining crude output, which has stopped the firm from complying with supply contracts to almost all of its customers.

Legal actions against PDVSA by U.S. producer ConocoPhillips aimed to satisfy a $2 billion arbitration award also have recently worsened the bottleneck as the Venezuelan firm is no longer fully using its Caribbean terminals to store and export.

SPONSORED STORIES

But an…

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South African manufacturing activity weakens again in June – PMI – SABC News


A closely watched survey of South African manufacturers showed a further decline in business activity in June, pointing to lingering weakness in Africa’s most industrialised economy.

South Africa’s new President Cyril Ramaphosa is trying to reverse a decade of economic stagnation under his predecessor, Jacob Zuma.

But recent economic data, including first quarter gross domestic product and mining output, have disappointed.

South Africa’s seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell to 47.9 points last month from 49.8 in May amid declines in new orders, business activity and employment, Absa said in a statement on Monday.

Among factors weighing on manufacturers’ minds, the statement cited controlled power outages by state utility Eskom, fears of a global trade…

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African press review 30 June 2018 – Africa


African press review 30 June 2018 – Africa – RFI

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Top 7 Jamaican & Caribbean News Stories You Missed The Week Ending June 29th, 2018


THIS WEEK’S TOP NEWS  STORIES

Top 7 Jamaican & Caribbean News Stories

WHEATLEY: JAMAICAN MUST “STAKE CLAIM” ON LOCAL MARIJUANA VARIETIES
Dr. Andrew Wheatley, Jamaica’s Minister of Science, Energy and Technology, believes the country needs to take official ownership of all local strains of marijuana. This should be done to facilitate research and development of the varieties. Noting that Jamaica is said to have some of the best strains of marijuana in the world, such as Jamaican Lamb’s Breath and Marley’s Collie, Wheatley believes these strains are the “birthright” of the Jamaican people. The country should not allow individuals from beyond Jamaica’s borders to take them away. According to Wheatley, whose remarks were prompted by a memorandum of understanding (MOU) made…

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African Markets – Factors to watch on June 28


The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Thursday.
    - - - - -
 
 GLOBAL MARKETS
 Asian stocks slumped to nine-month lows on Thursday on
 growing worries the U.S. administration's approach to trade
 is harming global economic growth even as it appeared to be
 modifying its approach to curb Chinese investments in U.S.
 technology firms.                       
 
 WORLD OIL PRICES
 U.S. oil prices dipped away from three-and-a-half year highs
 on Thursday amid high output from Russia, the United States
 and Saudi Arabia, although unplanned supply disruptions
 elsewhere and record demand stemmed a bigger
 decline.                 
 
 EMERGING MARKETS
 For the top emerging markets news,...

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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.