By Nicole Jao NEW YORK (Reuters) -Oil futures prices settled slightly lower on Friday as investors weighed weaker U.S. consumer sentiment against mounting hopes for a Federal Reserve rate cut in September. Brent crude futures settled 37 cents lower to $85.03 a barrel. U.S. West Texas Intermediate crude futures fell 41 cents, or 0.5%, to …
Oil prices settle down after data shows weaker US consumer sentiment Read More »
By Karen Brettell and Amanda Cooper NEW YORK/LONDON (Reuters) -The yen hit an almost four-week high against the U.S. dollar on Friday, raising speculation that Japanese authorities may have intervened for a second day to prop up the currency. The rally in the Japanese currency, which has been languishing at around 38-year lows, began on …
Yen hits four-week high, intervention questions circulate Read More »
JOHANNESBURG (Reuters) -The South African rand extended its gains on Friday, as a surprisingly soft U.S. inflation data spurred bets the Federal Reserve will cut interest rates in September. At 1528 GMT, the rand traded at 18.00 against the dollar, about 0.1% stronger than its previous close. Data on Thursday showed that U.S. consumer prices …
South African rand extends climb on soft US inflation data Read More »
By Luciana Magalhaes SAO PAULO (Reuters) – Brazil’s leading logistics company JSL is expanding its international operations beyond Latin American borders, eyeing new markets in Africa, chief executive officer Ramon Alcaraz told Reuters. JSL, which ended 2023 with 8.9 billion reais ($1.64 billion) in revenues, is about to announce it opened its second operation in …
Brazil logistics firm JSL enters Ghanaian market in Africa expansion Read More »
By Camillus Eboh ABUJA (Reuters) – A Nigerian court will begin a trial against cryptocurrency exchange Binance over tax evasion charges on Oct. 11, the judge hearing the case said on Friday. Binance faces four counts of tax evasion, including failure to register with Nigeria’s Federal Inland Revenue Service for tax purposes. Similar charges against …
Nigerian judge sets Binance tax evasion trial for October Read More »
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -A global index of stocks edged down and bond yields fell on Thursday after U.S. inflation data boosted bets on interest-rate cuts while the yen surged against the dollar, raising questions about whether Japan intervened to boost its currency. U.S. Treasury yields dropped across the board …
Global stock index falls with bond yields, dollar after US inflation data Read More »
By Karen Brettell (Reuters) -The dollar dropped on Thursday after data showed headline consumer prices unexpectedly fell in June, while a sharp gain in the Japanese yen sparked speculation of a possible intervention in the currency. The yen rose more than 2% at one point, after falling to a 38-year low against the greenback last …
Dollar drops, yen surges as consumer prices fall in June Read More »
By Shariq Khan NEW YORK (Reuters) -Oil prices rose for the second consecutive session on Thursday with the Brent benchmark settling above $85 a barrel as hopes rose for U.S. interest rate cuts after data showed an unexpected slowdown in inflation. Brent crude futures rose 32 cents, or 0.4%, to settle at $85.40 a barrel. …
Oil rises settles higher; US inflation data feeds rate cut hopes Read More »
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund’s executive board has delayed consideration of an $820 million disbursement to Egypt until July 29 in order to finalize some policy details, IMF spokesperson Julie Kozack said on Thursday, adding that such delays are not unusual amid difficult circumstances. Egypt continues to struggle with a challenging …
Egypt’s IMF loan payout delayed by final details amid difficult environment Read More »
By Felix Onuah ABUJA (Reuters) – Nigeria’s labour unions told President Bola Tinubu on Thursday that soaring prices and a weakening currency were biting hard as they pushed for a new minimum wage they say will help cushion workers from the worst cost of living crisis in generations. WHY IT’S IMPORTANT Labour unions suspended a …
Nigeria unions meet president in push for new minimum wage Read More »
