By Laura Matthews NEW YORK (Reuters) -The dollar fell against the yen on Friday, and was softer against other peers as traders took profits and investors sifted through economic data to gauge the Federal Reserve’s appetite for interest-rate cuts. Disappointing U.S. housing numbers also kept pressure on the greenback, helping it shed some of the …
Dollar softens, yen set for weekly fall as US recession worries fade Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was on course for gains of over 2% this week, while stocks hit a record high in intra-day trade on Friday, as upbeat U.S. economic data allayed fears of an imminent recession in the world’s top economy. At 1643 GMT, the rand traded at 17.8850 against the U.S. dollar, up …
South African assets jump on improved risk appetite Read More »
By Ope Adetayo LAGOS (Reuters) – A Chinese firm at the heart of a legal dispute with Nigeria has released a government-owned jet seized on its behalf by a French court as a “gesture of goodwill” to allow for talks, the company said on Friday. Zhongshan Fucheng Industrial Investment Co. Ltd. said in a statement …
China’s Zhongshan frees seized Nigerian presidential jet Read More »
TUNIS (Reuters) – Tunisia’s economy grew by 1% year on year in second quarter of 2024, the country’s statistics institute said on Friday. During the first half of the year, economic growth did not exceed 0.6%, it added. (Reporting by Tarek Amara; Editing by Kirsten Donovan)
By Tannur Anders JOHANNESBURG (Reuters) -South Africa will delay starting the procurement process for a new nuclear power station to allow for more consultation, its energy minister said on Friday, following legal challenges. The government said in December that it was preparing to request bids for an extra 2,500 megawatts (MW) of nuclear power, but …
South Africa delays nuclear power plant plan to consult more Read More »
NAIROBI (Reuters) – The Kenya Airports Authority (KAA) said on Friday that it had contingency measures in place to prevent a strike by the country’s main aviation union that is set to begin on Aug. 19 from disrupting airport operations. The Kenya Aviation Workers Union, which represents workers at airports and the national carrier Kenya …
Kenya Airports Authority says Aug. 19 strike won’t disrupt operations Read More »
By Koh Gui Qing and Naomi Rovnick NEW YORK/LONDON (Reuters) -World stocks rose on Thursday and Treasury yields spiked after surprisingly strong U.S. retail sales data soothed fears about slowing economic growth, and tempered investor bets of imminent aggressive interest rate cuts. Retail sales increased 1.0% last month, well above market forecasts for a 0.3% …
Stocks gain, Treasury yields jump as US retail data reassures Read More »
BUKAVU, Democratic Republic of Congo (Reuters) -Democratic Republic of Congo has lifted a suspension of mining activities in the South Kivu province, with the exception of gold extraction, the region’s governor said in a statement on Thursday. Gold, tin ore cassiterite and hi-tech mineral coltan from the eastern province are mostly mined by so-called “artisanal” …
Congo’s South Kivu governor lifts mining suspension in province Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices gained more than $1 a barrel on Thursday after U.S. economic data allayed fears of recession in the world’s biggest economy, although the rally was limited by concerns of slower global demand. Brent crude futures settled up $1.28, or 1.6%, at $81.04 a barrel. U.S. West Texas …
Oil rises nearly 2% on upbeat US economic data, geopolitical tension Read More »
By Laura Matthews NEW YORK (Reuters) – The dollar held gains against the euro on Thursday, pulling the European common currency back from a seven-month peak, after U.S. economic data eased fears of a recession risk and dampened expectations for aggressive interest-rate cuts. U.S. retail sales rose more than expected in July, a sign that …
Dollar holds gains on reassuring data, euro slips Read More »
