KAMPALA (Reuters) -The Ugandan shilling firmed slightly against the dollar on Monday, supported by inflows of hard currency from exporters of commodities like coffee and tea, traders said. At 0844 GMT commercial banks quoted the shilling at 3,650/3,660, compared to Friday’s close of 3,655/3,665. (Reporting by Elias Biryabarema; Editing by Hereward Holland)
NAIROBI (Reuters) -A team of officials from the International Monetary Fund will visit Angola this week, the IMF said, as the country edges closer to a new loan deal with the lender due to pressure following the slide in crude oil prices. The southern African nation, which is Sub-Saharan Africa’s second-biggest crude oil exporter, had …
International Monetary Fund team to visit Angola this week Read More »
CAIRO (Reuters) – Egypt’s Suez Canal Economic Zone signed a 50-year concession deal with the United Arab Emirates’ Abu Dhabi Ports Group to set up a 20-square km logistics and industrial zone east of Port Said, AD Ports managing director said in a televised address on Sunday. AD Ports has committed $120 million for initial …
Egypt signs deal with UAE’s AD Ports to set up logistics zone Read More »
(Reuters) -SpaceX CEO Elon Musk said on Sunday in an X post that the company’s satellite system Starlink is now available in Congo. Democratic Republic of Congo said on Friday that it had become the latest African country to grant a license to Starlink, reversing an earlier ban. The Congolese government said in March 2024 …
By Ahmad Ghaddar, Maha El Dahan and Olesya Astakhova LONDON/DUBAI (Reuters) -OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices and expectations of weaker demand. Following an online meeting lasting just over an hour, …
OPEC+ agrees another accelerated oil output hike for June Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar fell on Friday, but trimmed losses against the euro and yen, after data showed the world’s largest economy added more new jobs than expected last month, reflecting a labor market that remained on stable footing. Gains in the greenback came after rising for most of …
US dollar retreats, but off lows, after solid jobs report Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street and European stocks rallied and U.S. Treasury yields surged on Friday as investor risk appetite was strengthened by a strong employment report and signs China is open to tariff negotiations. All three major U.S. stock indexes advanced more than 1% on the session, with economically sensitive …
World stocks end higher on US jobs data, signs of easing trade tensions Read More »
By Anjana Anil and Sarah Qureshi (Reuters) – Gold edged lower on Friday and was headed for a second consecutive weekly loss as easing trade tensions between the U.S. and China and a strong jobs report kept prices pressured. Spot gold was down 0.4% at $3,228.50 an ounce as of 1:41 p.m. ET (1741 GMT). …
Gold heads for weekly loss amid easing trade tensions, strong jobs report Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Friday, helped by optimism about an easing of U.S.-China trade tensions and better-than-expected U.S. jobs data that boosted global risk appetite. The gains came despite another weak local purchasing managers’ index (PMI) survey that pointed to depressed manufacturing conditions in Africa’s biggest economy. At 1440 GMT the …
South African rand lifted by global risk appetite despite poor PMI survey Read More »
JOHANNESBURG (Reuters) -A gauge of South African manufacturing sentiment dropped sharply in April, with survey respondents citing uncertainty linked to global trade tensions and local politics. The seasonally-adjusted Purchasing Managers’ Index (PMI) sponsored by South African bank Absa declined to 44.7 points in April from 48.7 in March. It was the sixth straight month that …
South African factory mood sours sharply in April, Absa PMI shows Read More »
