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Cathie Wood’s Ark Invest scoops up $15 million in Block Inc shares as stock dips 3%●Hg agrees growth investment in Nourish Care as Livingbridge retains minority stake●Billionaire Elon Musk’s net worth rises $30 billion in 24 hours●Standard Bank Leadership Shift Names Hodnett South Africa CEO●South Africa Seeks US$2.2 Billion to Modernize Transnet Rail and Ports, Revive Exports●Nigeria Inflation Drops to 15.43 Percent in July 2026●Uganda-Vietnam Trade Jumps to US$95.4 Million as Coffee and Tech Deals Deepen●China plans for peak oil demand amid pipeline increase, intelligent rig development●Cathie Wood’s Ark Invest scoops up $15 million in Block Inc shares as stock dips 3%●Hg agrees growth investment in Nourish Care as Livingbridge retains minority stake●Billionaire Elon Musk’s net worth rises $30 billion in 24 hours●Standard Bank Leadership Shift Names Hodnett South Africa CEO●South Africa Seeks US$2.2 Billion to Modernize Transnet Rail and Ports, Revive Exports●Nigeria Inflation Drops to 15.43 Percent in July 2026●Uganda-Vietnam Trade Jumps to US$95.4 Million as Coffee and Tech Deals Deepen●China plans for peak oil demand amid pipeline increase, intelligent rig development●

Emerging Markets

Petrobras confirms oil off the Amapá coast but cannot yet estimate the volume

MercoPress · 1h ago · 🇧🇷 Brazil

Petrobras confirms oil off the Amapá coast but cannot yet estimate the volume

Brazil's state-controlled Petrobras confirmed on Monday the presence of oil in the Morpho exploratory well, located in ultra-deep waters off the northern state of Amapá, in the Foz do Amazonas basin. The company cautioned that it cannot yet estimate the volume found or the viability of commercial production.

Read the full story at MercoPress →

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