NAIROBI (Reuters) -Kenya’s shilling was broadly stable against the dollar on Tuesday with foreign exchange supply and demand evenly matched, traders said. At 0858 GMT commercial banks quoted the shilling at 129.40/90 per dollar, compared with Thursday’s closing rate of 129.45/95. Markets were closed on Friday and Monday for public holidays. (Reporting by Hereward Holland;Editing …
LONDON (Reuters) -Emirati-Lebanese shipbuilder Privinvest has been granted permission to appeal against Mozambique’s victory in a London lawsuit over the decade-old “tuna bond” scandal, its lawyer said on Tuesday. The southeast African country sued Privinvest and its now late owner Iskandar Safa, alleging they paid bribes to Mozambican officials and Credit Suisse bankers to secure …
UK court says shipbuilder Privinvest can appeal over ‘tuna bond’ case Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Major U.S. stock indexes dropped and the dollar index slid to a three-year low on Monday as U.S. President Donald Trump’s continued attacks on the Federal Reserve chair and the bank’s monetary policy rattled investors. Investors flocked to safe-haven assets including gold, which hit another record high, and …
US stocks, dollar slide; Trump’s attacks on Fed chair fuel anxiety Read More »
By Ahmed Eljechtimi RABAT (Reuters) -Morocco plans to issue, within a few days, an expression of interest for a liquefied natural gas terminal near the eastern Mediterranean city of Nador, Energy Minister Leila Benali said on Monday. “This week, we will be launching a call for the expression of interest to develop the first phase …
Morocco to begin tendering process for LNG terminal- minister Read More »
By Hannah Lang NEW YORK (Reuters) -The dollar tumbled on Monday to its lowest level in three years as investor confidence in the U.S. economy took another hit over President Donald Trump’s attacks on the Federal Reserve chairman, potentially putting the central bank’s independence under threat. Trump ramped up his criticism of Fed Chair Jerome …
Dollar hits three-year low as Trump attacks threaten Fed’s independence Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell more than 2% on Monday on signs of progress in talks between the U.S. and Iran, while investors remained concerned about economic headwinds from tariffs that could curb demand for fuel. Brent crude futures were down $1.70, or 2.5%, at $66.26 a barrel, after closing up …
Oil falls over 2% on signs of progress in US-Iran talks, demand fears Read More »
By Colleen Goko JOHANNESBURG -Investors have flocked to South Africa’s domestic bond markets, betting the country can stay the course on reforms despite political fractures, but tariff threats and the prospect of a global growth slowdown are casting a long shadow. Africa’s most industrialized nation depends on foreign investor support to manage its debt load …
South Africa investors face global growth threat after choppy politics Read More »
By Portia Crowe DAKAR (Reuters) -The International Monetary Fund will not decide before May whether Senegal must repay money disbursed under a now-frozen programme, it said on Thursday, meaning the West African nation will likely miss its goal of having a new programme in place by June. The IMF’s Senegal mission chief Edward Gemayel told …
Exclusive-IMF says no decision before May on Senegal waiver for misreported data Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices settled more than 3% higher on Thursday, supported by hopes for a trade deal between the United States and the European Union and new U.S. sanctions to curb Iranian oil exports, which continued to elevate supply concerns. Brent crude futures settled $2.11, or 3.2%, higher to $67.96 …
Oil posts weekly gain on trade deal hopes, new Iran sanctions Read More »
CAIRO (Reuters) -Egypt’s central bank lowered overnight interest rates by 225 basis points on Thursday, its first cut in more than five years, saying lower inflation had opened the way to yet further rate cuts in the future. The bank lowered the lending rate to 26% and the deposit rate to 25%. The median forecast …
Egypt cuts interest rates 225 basis points, says more cuts likely Read More »
