Latest Commodity markets News

African Development Bank approves $1B loan to South Africa's state-owned rail and ports company

Jul. 18, 2024 09:16 AM EDT

CAPE TOWN, South Africa (AP) — The African Development Bank said Thursday it had approved a $1 billion loan to South Africa's state-owned rail and ports company, Transnet. The 25-year loan was wholly guaranteed by the South African government and will help finance the first phase...

The AP is setting up a sister organization seeking grants to support local and state news

Jun. 25, 2024 13:07 PM EDT

NEW YORK (AP) — The Associated Press says it is setting up a sister organization that will seek to raise money in support of state and local news reporting, as the crisis in that sector shows little sign of abating. The organization, which will have a board of directors independent...