By Stephen Culp NEW YORK (Reuters) -U.S. stocks lost ground at the start of a holiday-shortened week on Monday as investors positioned themselves ahead of inflation data. All three major U.S. stock indexes ended the session in the red, with the blue-chip Dow suffering the largest percentage loss. The dollar dipped as the risk of …
Wall Street ends lower ahead of US data; dollar pressured by yen, yuan Read More »
By Forrest Crellin PARIS (Reuters) -Credit Agricole said on Monday that it would not provide financing to two major liquefied natural gas (LNG) projects, citing commitments to refrain from new fossil fuel developments. The decision follows pressure on banks from environmental groups to shift investment dollars away from climate-warming oil and gas projects. Barclays, HSBC …
Credit Agricole says it will not fund two major LNG projects Read More »
By Karen Brettell NEW YORK (Reuters) – The yen was little changed on Monday, giving up earlier gains after Japan’s top currency diplomat warned against speculators trying to weaken the currency, while the dollar index fell from a one-month high reached on Friday. Masato Kanda, Japan’s vice finance minister for international affairs, said that weakness …
Yen steady after intervention warning, dollar dips Read More »
By Georgina McCartney HOUSTON (Reuters) -Oil prices settled higher on Monday as orders from the Russian government to curb oil output, and attacks on energy infrastructure in both Russia and Ukraine offset the United Nation’s demand for a ceasefire in Gaza. Brent crude futures settled $1.32 higher or 1.55%, at $86.75 a barrel. U.S. crude …
Oil settles higher as Russia orders output cuts, geopolitical tensions persist Read More »
By Jorgelina do Rosario and Karin Strohecker (Reuters) -Zambia said on Monday it had reached agreement with a group of private creditors on restructuring $3 billion of its international bonds in a major step that brings the country closer to emerging from its long-delayed debt rework. The latest deal proposes swapping Zambia’s three existing instruments …
Zambia strikes preliminary deal on $3 billion international bond rework Read More »
By Helen Reid LONDON (Reuters) – A proposal by France, Denmark and Sweden to restrict used-clothing exports from the European Union could hurt the clothing resale industry in Kenya, which employs 2 million Kenyans, a representative of second-hand clothes sellers said. The EU exported 1.4 million tonnes of used textiles in 2022, more than twice …
Kenya’s second-hand clothes traders lobby against EU export restrictions Read More »
JOHANNESBURG (Reuters) -The South African rand firmed against a weaker U.S. dollar at the start of a week that will include the central bank’s decision on its interest rates. At 1535 GMT, the rand traded at 18.9100 against the dollar on Monday, around 0.5% stronger than its previous close. The dollar was last trading down …
South African rand firms against U.S. dollar, focus on rate decision Read More »
DUBAI (Reuters) – The main pipeline carrying oil from South Sudan through Sudan for export has been suffering stoppages since last month due to problems linked to the war between Sudan’s army and the Rapid Support Forces (RSF), according to three Sudanese officials. A March 16 letter from Sudan’s minister of petroleum, seen by Reuters, …
Sudan war causes stoppages on South Sudan oil pipeline, officials say Read More »
By Camillus Eboh ABUJA (Reuters) -Nigeria’s tax agency has filed tax evasion charges against crypto platform Binance, it said in a statement on Monday. The cased filed by the Federal Inland Revenue Service (FIRS) in Abuja accuses Binance of four counts of tax evasion. Binance was not immediately available to comment. The charges include non-payment …
Nigeria files tax evasion charges against Binance, tax agency says Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -MTN Group’s Nigeria unit is working on restoring its profitability and strengthening its balance sheet through managing costs and tariffs after Africa’s biggest telecoms operator reported a slump in annual profit on Monday. The drop in group profit was due to a sharp devaluation in the Nigerian naira, which pushed …
MTN to cut costs and hike prices at Nigeria unit after naira hit Read More »
