By Amanda Cooper LONDON (Reuters) -Global stocks edged up on Wednesday in cautious trading ahead of U.S. consumer price data that could shift the monetary policy outlook there, while investors waited to see if the earnings of big banks would match sky-high expectations. The bond market got some respite from the recent heavy selling, as …
Stocks edge up, dollar steady before pivotal inflation data Read More »
NAIROBI (Reuters) – Kenya’s shilling was steady against the U.S. dollar on Wednesday, data from the London Stock Exchange Group showed. At 0923 GMT, the shilling traded at 129.25/129.75 per dollar, the same level as the close of trading on Tuesday. (Reporting by Hereward Holland)
JOHANNESBURG (Reuters) – South Africa’s rand strengthened on Wednesday, ahead of a key U.S. inflation report that could provide clues on the Federal Reserve’s interest rate path. At 0805 GMT, the rand traded at 18.8775 against the dollar, about 0.3% firmer than its previous close. Investors were awaiting the U.S. Consumer Price Index (CPI) report …
South African rand firms ahead of US consumer inflation data Read More »
By Laura Matthews (Reuters) -The dollar weakened against the euro on Tuesday but stayed near its highest level in more than two years as cooler-than-expected inflation data following last week’s strong jobs report made it hard to project the Federal Reserve’s next moves on interest rates. Data showed U.S. producer prices increased moderately in December. …
Dollar treads water ahead of CPI, tariffs remain in focus Read More »
By Kemol King GEORGETOWN (Reuters) – Guyana exported 225 cargoes of crude oil in 2024, its energy minister said on Tuesday, as a consortium led by U.S. major Exxon Mobil continued ramping up production and completed an update at its facilities. Latin America’s newest oil producer last year became the region’s fifth largest crude exporter …
LIBREVILLE (Reuters) – The World Bank has suspended its disbursements to Gabon due to debt arrears of 17 billion CFA francs ($27 million), the central African country’s public accounts ministry said. The ministry said the suspension was caused by several factors, including an insufficient mobilisation of resources on the international market. “All the necessary steps …
World Bank suspends disbursements to Gabon due to $27 million debt arrears Read More »
JOHANNESBURG (Reuters) -South Africa’s rand firmed against the dollar on Tuesday, as markets looked to U.S. consumer inflation data due on Wednesday for clues on the Federal Reserve’s interest rate path. At 1519 GMT, the rand traded at 18.9225 against the dollar, about 0.5% stronger than its previous close. The rand hit a nine-month low …
By Pesha Magid RIYADH (Reuters) – The Democratic Republic of Congo, the world’s top cobalt supplier, is courting new mining investors from Saudi Arabia to help it diversify and curb overreliance on companies from China, Marcellin Paluku, a senior government official, told Reuters. Congo, which is also rich in copper and other critical minerals, wants …
Congo courts Saudi mining investors to help curb China dominance Read More »
(Reuters) -Canada’s Barrick Gold on Tuesday confirmed it had suspended operations in Mali and that the government had moved gold stock from the miner’s Loulo-Gounkoto site to a bank. Reuters reported on Monday that the authorities had seized gold worth $245 million in an escalation of their long-running dispute with the company. “As a result, …
Barrick confirms suspension of Mali operations, seizure of gold Read More »
KAMPALA (Reuters) – The Ugandan shilling was stable on Tuesday, drawing support from subdued hard currency appetite from both interbank players and merchandise importers, traders. At 0927 GMT commercial banks quoted the shilling at 3,693/3,703, compared to Monday’s close of 3,695/3,705. (Reporting by Elias Biryabarema; Editing by Hereward Holland)
