By Caroline Valetkevitch NEW YORK (Reuters) -A world stock index rose for a seventh straight session and U.S. Treasury yields also gained on Friday as investors tried to assess the timing of potential interest rate cuts by the Federal Reserve this year. The Dow Jones Industrial Average closed above 40,000 for the first time, and …
Stocks edge up as timing of US rate cuts weighed; copper jumps Read More »
By Nicole Jao NEW YORK (Reuters) – Oil prices settled about 1% higher on Friday, with global benchmark Brent crude recording its first weekly gain in three weeks, after economic indicators from the world’s top two oil consumers – China and the U.S. – bolstered hopes for higher demand. Brent settled 71 cents higher, or …
By Herbert Lash and Iain Withers NEW YORK/LONDON (Reuters) -The dollar retreated against major currencies on Friday as market speculation continues to swirl about the timing of Federal Reserve interest rate cuts amid signs of cooling yet persistent inflation and a softening U.S. economy. While consumer prices for April, reported on Wednesday, rose less than …
Dollar mostly flat as market mulls inflation outlook Read More »
KIGALI (Reuters) -French energy major, TotalEnergies, had struck its first supply deal with Dangote Refinery in Nigeria, Chief Executive Patrick Pouyanne said on Friday, following a meeting with Africa’s richest man, Aliko Dangote. “We met this morning, we made the first deal between both of us,” Pouyanne told a panel at the Africa CEO Forum …
TotalEnergies strikes supply deal with Dangote on Nigerian refinery Read More »
JOHANNESBURG (Reuters) – South Africa’s Shoprite said on Friday it will now allow shoppers to purchase general merchandise such as small appliances on its on-demand grocery app, as the country’s biggest supermarket group eyes a larger share of the e-commerce market. South Africa has seen a sharp rise in online shopping after the pandemic created …
Shoprite’s Checkers extends on-demand delivery to general merchandise Read More »
By Camillus Eboh ABUJA (Reuters) -A Nigerian court on Friday ruled that Binance executive Tigran Gambaryan can stand trial on behalf of the cryptocurrency exchange in an ongoing tax evasion case. Binance and executives Gambaryan, a U.S. citizen and head of financial crimes compliance, and British-Kenyan national Nadeem Anjarwalla, a regional manager for Africa, face …
Nigeria court rules Binance executive can face trial on behalf of crypto exchange Read More »
JOHANNESBURG (Reuters) – The South African rand was little changed on Friday, hovering around a five-month high ahead of S&P Global’s review of the country’s sovereign credit ratings. At 1435 GMT, the rand traded at 18.1675 against the dollar, not far from its previous close of 18.1925. The rand has rallied this week to its …
South African rand near five-month high before S&P review Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets go into Friday’s session looking to end a strong week on a positive note, and there appears to be no obvious reason why the recent upswing should reverse unless investors opt for a bout of profit taking ahead of …
Morning Bid: Markets upbeat ahead of China data dump Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – The Dow Jones industrial average crossed the 40,000 level on Thursday for the first time and a world stock index scored a third straight record intraday high on hopes of U.S. interest rate cuts and strong earnings before stocks turned mostly flat in afternoon trading. Data on Wednesday …
Dow surpasses 40,000, world stocks hit record amid rate cut hopes Read More »
By Laila Kearney NEW YORK (Reuters) -Crude prices edged up on Thursday after data showed a stabilizing U.S. job market, fueling expectations that the Federal Reserve could begin to cut interest rates in autumn, which should stimulate the economy and boost oil demand. Brent crude futures settled 52 cents, or 0.6%, higher at $83.27 a …
Oil up after US economic data strengthens rate cut expectations Read More »
