By Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar edged up against the euro on Tuesday, as Federal Reserve policymakers said it is prudent for the U.S. central bank to wait several more months to ensure that inflation really is back on a path to the 2% target before commencing …
Dollar firm as Fed officials urge patience on rate cuts Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street ended modestly higher and U.S. Treasury yields dipped on Tuesday amid the doldrums ahead of a holiday weekend and a lack of substantial market catalysts. All three major U.S. indexes advanced and the S&P 500 and the Nasdaq reached all-time closing highs in advance of Nvidia Corp’s …
S&P 500, Nasdaq notch record closing highs, Treasury yields dip ahead of Fed minutes Read More »
By Georgina McCartney HOUSTON (Reuters) -Oil prices settled 1% lower on Tuesday as lingering U.S. inflation poised to keep interest rates higher for longer and likely weighed on consumer demand at the pump, while little support came from geopolitical risk. Brent crude futures settled down 83 cents, or 1%, to $82.88 a barrel. U.S. West …
Oil falls 1% as US inflation persists, dampened geopolitical risk premium Read More »
By Wendell Roelf CAPE TOWN (Reuters) -South Africa is in talks with groups helping to fund its switch to a greener economy about delaying the closure of some coal plants as it battles to boost power supplies, and is optimistic of an agreement, the head of its state electricity utility said. Africa’s most industrialised country …
S.Africa in talks with climate backers over delaying coal plant closures Read More »
JOHANNESBURG (Reuters) – The South African rand strengthened to a 10-month high on Tuesday, a week before a general election, with analysts citing rising expectations that the outcome of the vote was unlikely to disrupt markets. At 1601 GMT, the rand traded at 18.0750 against the dollar, 0.62% stronger than its previous close. It earlier …
South African rand firms to 10-month high a week before election Read More »
By Chijioke Ohuocha, Elisha Bala-Gbogbo and MacDonald Dzirutwe ABUJA (Reuters) -Nigeria’s central bank delivered another big interest rate hike on Tuesday, responding to a continued rise in inflation which hit a 28-year high in April. Central Bank of Nigeria Governor Olayemi Cardoso said the bank’s Monetary Policy Committee (MPC) was faced with a decision to …
Nigeria central bank delivers another big hike, third this year Read More »
JOHANNESBURG (Reuters) – South Africa’s Liquid Intelligent Technologies announced on Tuesday that it has a distribution partner agreement with Eutelsat Group that will see enterprise-grade Low Earth Orbit (LEO) satellite services being made available in Africa. On a continent where satellite technology is relatively new and limited in its reach, for Liquid Dataport’s customers, this …
Liquid and Eutelsat to bring OneWeb LEO satellite services to Africa Read More »
By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghana will select by December a company to build its first nuclear power plant from contenders including France’s EDF, U.S.-based NuScale Power and Regnum Technology Group, and China National Nuclear Corporation, an energy ministry official said. South Korea’s Kepco and its subsidiary Korea Hydro Nuclear Power Corporation as …
French, Russia, Chinese firms vie to build Ghana’s first nuclear power plant Read More »
MILAN (Reuters) – Saipem has secured $3.7 billion in contracts with a subsidiary of French oil major TotalEnergies to work on Angola’s Kaminho offshore project, the Italian energy contractor said on Tuesday. The three contracts with TotalEnergies EP Angola Block 20 relate to development of the project’s Cameia and Golfinho oilfields, located about 100 km …
Saipem wins $3.7 billion in contracts from TotalEnergy subsidiary Read More »
By Andrea Shalal, Trevor Hunnicutt and Steve Holland WASHINGTON (Reuters) – U.S. President Joe Biden will play host this week to Kenyan President William Ruto for wide-ranging talks expected to include debt relief for Kenya as well as the way forward for Haiti, Ukraine, Sudan and other areas. Kenya has been grappling with acute liquidity …
Biden, Kenya’s Ruto to discuss Kenyan debt relief this week Read More »
