NAIROBI (Reuters) – Kenya’s shilling was stable against the U.S. dollar on Monday, data from the London Stock Exchange Group showed. At 0937 GMT, the shilling traded at 129.25/129.75 per dollar, the same as Friday’s closing level. (Reporting by Hereward Holland; Editing by Alexander Winning)
KAMPALA (Reuters) – The Ugandan shilling was little-changed against the dollar on Monday, although the local unit was under a little pressure as the manufacturing sector sought foreign currency, traders said. At 0922 GMT commercial banks quoted the shilling at 3,694/3,704, compared to Friday’s close of 3,692/3,702. (Reporting by Elias Biryabarema; Editing by Hereward Holland)
By Marc Jones and Chris Mfula LONDON (Reuters) -Zambia’s Securities and Exchange Commission (SEC) has sanctioned Standard Chartered for mis-selling a Chinese property company’s bonds to one of the bank’s local wealth clients at the height of the Asian country’s real-estate crisis, according to a source. The source familiar with the matter told Reuters that …
TRIPOLI (Reuters) – Italy’s ITA Airways resumed direct flights to Libya’s Tripoli on Sunday, the first airline from a major west European nation to do so after a 10-year hiatus due to civil war in the north African country, ITA and Tripoli’s transport minister said. ITA said it would operate two direct flights a week …
ITA airways resumes flights to Libya’s Tripoli after 10-year gap Read More »
By Shariq Khan New York (Reuters) -Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue. President Joe Biden’s administration imposed fresh sanctions targeting Russian oil producers, tankers, intermediaries, traders and ports, aiming to …
Oil prices rally 3% as US hits Russian oil with tougher sanctions Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar rallied on Friday after data showed the world’s largest economy created more jobs than expected last month, reinforcing expectations that the Federal Reserve will pause its rate-cutting cycle at its policy meeting later this month. The greenback also extended gains following a report that showed …
US dollar firms as strong jobs data supports Fed easing pause Read More »
GEORGETOWN, Guyana (Reuters) – Guyana’s government on Friday signed a $526 million loan agreement with the U.S. Export-Import Bank (Exim) to finance an energy project aimed at doubling the South American nation’s power generation capacity and cutting oil imports. (Reporting by Kemol King; Editing by Leslie Adler)
JOHANNESBURG (Reuters) -The South African rand weakened to an eight-month low on Friday after U.S. non-farm payrolls data reinforced bets that the Federal Reserve will pause its rate-cutting cycle later this month. At 1501 GMT, the rand traded at 19.1375 against the U.S. dollar, about 1.1% softer than its previous close. It earlier hit 19.2050 …
South African rand plunges to 8-month low after US jobs data Read More »
By Ron Bousso LONDON (Reuters) -Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country’s efforts to become a crude producer. Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia “cannot currently be …
Shell writes down Namibia oil discovery in blow to country Read More »
UNITED NATIONS/NEW DELHI (Reuters) – Global economic growth is projected to remain at 2.8% in 2025, unchanged from 2024, held back by the top two economies, the U.S. and China, according to a United Nations report released on Thursday. The World Economic Situation and Prospects report said that “positive but somewhat slower growth forecasts for …
UN predicts world economic growth to remain at 2.8% in 2025 Read More »
