By Sinéad Carew and Tom Wilson NEW YORK/LONDON (Reuters) -MSCI’s global equities index bumped around in a narrow range while edging lower on Tuesday while U.S. Treasury yields rose after U.S. Federal Reserve Chair Jerome Powell said more good data would strengthen the case for rate cuts but gave no hints on the timing for …
Global equities edge down, bond yields up with Fed in focus Read More »
By Karen Brettell (Reuters) -The dollar gained on Tuesday after Federal Reserve Chair Jerome Powell acknowledged progress in inflation and a cooling job market, but did not give a clear signal that the U.S. central bank is close to cutting interest rates. Powell said that inflation “remains above” the U.S. Federal Reserve’s 2% target, but …
Dollar gains as Fed’s Powell cautious on rate cuts Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices eased more than 1% on Tuesday after traders learned that prolonged supply disruptions from Hurricane Beryl were unlikely after a U.S. oil-producing hub in Texas suffered less storm damage than feared. Brent crude futures settled at $84.66 a barrel, falling $1.09 a barrel, or 1.3%. U.S. crude …
Oil prices fall more than 1% after US crude hub escapes serious damage from Beryl Read More »
(Reuters) – South Africa’s logistics firm Transnet said on Tuesday it had suspended operations at some of its ports due to strong winds and waves which have lashed parts of the country, setting back efforts to clear backlogs. The country’s coastal regions, especially the Western Cape, have experienced disruptive rains and violent winds causing damaging …
S.Africa’s Transnet suspends some port operations due to bad weather Read More »
JOHANNESBURG (Reuters) -The South African rand edged lower on Tuesday after Federal Reserve Chair Jerome Powell did not give a clear indication on whether the U.S. central bank would cut interest rates soon. At 1512 GMT, the rand traded at 18.1350 against the dollar, down 0.1% from its previous close. Investors were looking at Powell’s …
South African rand edges lower after comments by Fed’s Powell Read More »
By Julia Payne, Libby George and Ahmad Ghaddar BRUSSELS/LONDON (Reuters) – Nigeria’s NNPC is in talks for another oil-backed loan to boost its finances and allow investment in its business, its chief executive told Reuters, as pressure mounts on the state-backed oil company the economy depends upon. The Nigerian National Petroleum Corporation (NNPC), in which …
Exclusive-Nigeria’s NNPC seeks new oil-backed loan to boost finances Read More »
By Maxwell Akalaare Adombila HOHOE DISTRICT, Ghana (Reuters) – Low prices and payment delays are pushing Ghana’s cocoa farmers to sell to increasingly sophisticated smuggling rings, siphoning off production from border areas and raising doubt over next season’s output, growers and officials told Reuters. Failure to end the financing logjam and close the gap between …
Low prices, pay delays drive Ghana cocoa farmers to smugglers Read More »
By Wendell Roelf CAPE TOWN (Reuters) -Shell is seeking government permission to drill up to five ultra-deep offshore wells off the west coast of South Africa, a draft scoping report from independent environmental consultancy SLR showed on Tuesday. The oil major plans to drill exploration and appraisal wells in the area as energy companies shift …
Shell joins chase for ‘big prize’ off South Africa’s west coast Read More »
(Reuters) -Moody’s cut Kenya’s sovereign rating deeper into junk territory on Monday, citing diminished capacity to implement a fiscal consolidation strategy to contain its debt burden. The credit ratings agency downgraded the country’s local- and foreign-currency long-term issuer ratings and foreign-currency senior unsecured debt ratings to “Caa1” from “B3”. In June, Kenyan President Willian Ruto …
By Sinéad Carew and Nell Mackenzie NEW YORK/LONDON (Reuters) -MSCI’S global equities gauge barely gained ground on Monday, while the benchmark U.S. Treasury yield ticked up as investors awaited testimony from Federal Reserve Chair Jerome Powell, key inflation data and the corporate earnings season kick-off. In foreign exchange markets, the euro lost ground after earlier …
Equities edge higher with US 10-year yield, Powell and inflation in focus Read More »
