Reuters Africa Business

Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents

19 Apr 2024

By Stephen Culp NEW YORK (Reuters) -The Nasdaq and the S&P 500 closed sharply lower on Friday and Treasury yields dipped as investors juggled lackluster earnings, uncertainties surrounding central bank policy and geopolitical strife. Gold and crude oil prices advanced as market participants kept an uneasy eye on unfolding turmoil in the Middle East. The …

Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents Read More »

Swiss franc, yen modestly up, but off highs, as Iran, Israel defuse tension

19 Apr 2024

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The safe-haven Swiss franc and Japanese yen pared gains on Friday after Tehran signaled it has no plans to retaliate against Israel, which launched what has been described as a limited-scale attack on Iran overnight. Both currencies jumped against their peers after news of Israel’s action, but their gains …

Swiss franc, yen modestly up, but off highs, as Iran, Israel defuse tension Read More »

Zimbabwe expects IMF programme in third quarter after currency changes

19 Apr 2024

By Nyasha Chingono and Kopano Gumbi (Reuters) -Zimbabwe’s Finance Minister Mthuli Ncube said on Friday that a staff-monitored programme with the International Monetary Fund would be delayed until the third quarter of 2024 after the country introduced a new currency, Zimbabwe Gold (ZiG). An IMF programme would be part of the southern African country’s efforts …

Zimbabwe expects IMF programme in third quarter after currency changes Read More »

Ghana deal with bondholders ‘a matter of time’, says IMF official

19 Apr 2024

By Maxwell Akalaare Adombila and Karin Strohecker WASHINGTON (Reuters) -Ghana agreeing a restructuring with holders of its international bonds is “a matter of time” rather than there being insurmountable hurdles, an IMF official said, after the fund said a previous proposed deal would not fit its parameters. “It depends on … how much time and …

Ghana deal with bondholders ‘a matter of time’, says IMF official Read More »

IMF says still ‘differences’ with Ethiopia over new loan programme

19 Apr 2024

By Maxwell Akalaare Adombila and Rachel Savage WASHINGTON (Reuters) – There are still “differences” between the International Monetary Fund (IMF) and Ethiopia over a loan and reforms package, but talks are continuing, a senior IMF official said on Friday. Ethiopia may need to devalue its birr currency, which is trading on the black market about …

IMF says still ‘differences’ with Ethiopia over new loan programme Read More »

India’s state-run NBCC to set up shadow lender to help save over $100 million, sources say

19 Apr 2024

By Nikunj Ohri NEW DELHI (Reuters) -India’s state-run NBCC plans to set up its own non-banking finance company (NBFC) later this year to lower its borrowing costs for key infrastructure projects, according to two sources directly involved in the matter. The construction and real estate developer estimates the move will help it save $108 million …

India’s state-run NBCC to set up shadow lender to help save over $100 million, sources say Read More »

Wall St closes lower; gold climbs amid economic, geopolitical crosswinds

18 Apr 2024

By Stephen Culp NEW YORK (Reuters) -U.S. stocks vacillated on Thursday, swinging from red to green and back as investors contended with the push-pull of a strong economy and restrictive Federal Reserve policy. Benchmark Treasury yields resumed their climb and gold added strength as ongoing turmoil in the Middle East bolstered the safe-haven play. All …

Wall St closes lower; gold climbs amid economic, geopolitical crosswinds Read More »

Close Bitnami banner
Bitnami