(Reuters) -An Exxon Mobil-led oil consortium may need to decide by October whether it will go ahead and develop a large natural gas find off the coast of Guyana, the country’s vice president said on Thursday. The government has been pressing for a bonanza from mostly untapped gas reserves found by the Exxon-led group. The …
Guyana may reallocate gas areas if Exxon does not move project forward Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks ended sharply lower on Thursday as enthusiasm over Nvidia’s quarterly results faded and robust economic data fueled concerns over tighter-for-longer monetary policy. U.S. Treasury yields turned higher after the data. All three major U.S. stock indexes gathered downward momentum in afternoon trading, ending the session deep in …
Wall Street tumbles as AI fervor dampened by rate jitters Read More »
By Shariq Khan NEW YORK (Reuters) -Oil prices fell for a fourth consecutive session on Thursday and settled at multi-month lows as the prospect of higher-for-longer U.S. interest rates raised worries around demand growth in the world’s biggest oil market. Brent crude futures settled lower by 54 cents, or 0.7%, at $81.36 a barrel, the …
Oil falls for fourth straight session on US inflation jitters Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Thursday after data showed U.S. business activity accelerated to the highest level in just over two years in May, suggesting that economic growth picked up half-way through the second quarter. S&P Global said that its flash U.S. Composite PMI Output Index, …
ABIDJAN (Reuters) – Ivory Coast’s market regulator is planning to introduce measures aimed at curbing fraud related to fairtrade certified cocoa contracts, its managing director, Yves Brahima Kone, said on Thursday. The Coffee and Cocoa Council (CCC) suspended sales of fairtrade certified contracts last month after recording an exponential increase in certified cocoa. “This year, …
Ivory Coast’s regulator weighs options against fraudulent cocoa certification Read More »
By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden and Kenyan President William Ruto on Thursday called for increased support for developing countries like Kenya, including through debt relief by major bilateral creditors like China. Biden and Ruto, on a three-day state visit to the United States, issued a “Nairobi-Washington Vision” that includes detailed …
US, Kenya call for increased support for developing countries Read More »
JOHANNESBURG (Reuters) -The South African rand weakened on Thursday, after Federal Reserve meeting minutes released on Wednesday hinted that interest rates will remain higher for longer in the world’s biggest economy. At 1502 GMT, the rand traded at 18.4450 against the dollar, 0.85% weaker than its previous close. The dollar last traded around 0.02% firmer …
South African rand weaker following Fed meeting minutes Read More »
By Camillus Eboh ABUJA (Reuters) – A Nigerian court on Thursday adjourned a money laundry trial against cryptocurrency exchange Binance and two of its executives to June 20 because one of the defendants was not well enough to stand trial. Binance and executives Tigran Gambaryan, a U.S. citizen and head of financial crimes compliance, and …
Nigerian judge adjourns Binance, executives’ trial due to illness Read More »
By Libby George LONDON (Reuters) – Big-money investors are beginning to place more cash in emerging markets as they chase returns in what could be a structural shift in the way they allocate their money, a veteran Bank of America economist told Reuters. Large global fixed income funds, which have more firepower than those dedicated …
Bigger investors pouring money into emerging markets belie EM outflows Read More »
DUBAI (Reuters) – Sonatrach has signed an agreement with U.S. oil major Exxon Mobil to allow the study of opportunities to develop hydrocarbon resources in Algeria’s Ahnet and Gourara basins, the state-owned Algerian oil and gas group said on Thursday. (Reporting by Jana Choukeir and Nayera Abdallah; Editing by David Goodman)
