By Alun John and Brigid Riley LONDON/TOKYO (Reuters) -The pound and the euro gained against the dollar on Thursday after weak U.S. economic data sent the greenback lower the previous day, as voting began in Britain and the French election neared. Sterling was last up a whisker at $1.2757, after gaining 0.46% the previous day …
Dollar weakness supports pound and euro, elections in focus Read More »
LONDON (Reuters) – World stocks clocked up more record highs on Thursday after U.S. data narrowed the odds on a September Fed interest rate cut, while Europe was on politics watch again as UK voters headed to the polls in national elections. The July 4 holiday in the United States made for thin trading, amplified …
Stocks stretch record run, pound pauses as UK votes Read More »
By Camillus Eboh ABUJA (Reuters) – Nigeria’s upstream oil regulator has approved two key onshore assets sale by international oil companies, clearing the way for Oando and new entrant Project Odinmim, to acquire assets, the head of the agency, Gbenga Komolafe, said on Wednesday. Nigerian Upstream Petroleum Regulatory Commission (NUPRC) greenlit deals by Eni’s local …
Nigerian oil regulator approves Eni, Equinor assets sale Read More »
By Nuzulack Dausen DAR ES SALAAM (Reuters) – Tanzania’s central bank left its key interest rate unchanged at 6%, it said on Thursday, adding that inflation expectations were well below target, the economy was growing strongly and exchange rate pressures were expected to ease. The Bank of Tanzania introduced a benchmark interest rate in January …
Tanzania central bank holds key rate, sees strong economic growth Read More »
By Yassin Kombi BENI, Democratic Republic of Congo (Reuters) – Twenty-five soldiers have been sentenced to death by a military tribunal in the Democratic Republic of Congo for fleeing battles against M23 rebels and theft, their lawyer and an army spokesman said on Thursday. Congo’s army has been fighting the Rwanda-backed M23 insurgency for more …
DR Congo soldiers sentenced to death for fleeing battle Read More »
CAIRO (Reuters) – Egypt’s non-oil private sector showed more signs of improvement in June, thanks to easing price pressures and better demand prospects, months after an influx of foreign cash from the UAE and an augmented deal with the IMF, a survey showed on Thursday. The S&P Global Purchasing Managers’ Index for Egypt climbed to …
Egypt’s non-oil sector edges closer to growth in June, PMI shows Read More »
By Chibuike Oguh NEW YORK (Reuters) – World equities rose while the U.S. dollar fell on Wednesday following soft labor market data that buoyed investor expectations of Federal Reserve interest rate cuts later this year. U.S. Labor Department data on Wednesday showed that initial claims for unemployment rose to 238,000 the week that ended June …
World shares rise, US dollar weakens on soft labor market data Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices gained about 1% on Wednesday after a larger-than-expected decline in U.S. crude stocks, but gains were capped by concerns about rising global inventories in thin trading ahead of the U.S. Independence Day holiday. Brent crude futures rose $1.10, or 1.3%, to settle at $87.34 a barrel. U.S. …
Oil prices rise on deep weekly draw in US crude inventories Read More »
RABAT (Reuters) – A Moroccan appeals court upheld on Wednesday a ruling ordering Maroc Telecom to pay a compensation of 6.3 billion dirhams ($630 million) to its competitor Wana Corporate, better known by its brand name Inwi, for unfair competition practices. Inwi, the third-largest telecom operator in the country, brought the case in 2021, accusing …
Moroccan appeals court upholds fine on Maroc Telecom in antitrust case Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The yen sank to a 38-year low against the U.S. dollar and a record trough versus the euro on Wednesday, as the Japanese unit continued its downward spiral, with market participants on high alert for Japanese intervention to boost the currency. The dollar, on the other hand, fell after …
Yen drops to 38-year low, US dollar slumps after weak data Read More »
