By Laura Sanicola (Reuters) -Oil prices settled slightly lower on Thursday, pressured by weaker U.S. gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza. Brent crude futures for May settled down 17 cents, or 0.2%, to $85.78 a barrel, while U.S. West Texas Intermediate futures for May …
Oil settles lower on weaker US gasoline demand, Gaza ceasefire hopes Read More »
By Giulia Paravicini, Jonathan Saul and Abdiqani Hassan MOGADISHU (Reuters) – As a speed boat carrying more than a dozen Somali pirates bore down on their position in the western Indian Ocean, the crew of a Bangladeshi-owned bulk carrier sent out a distress signal and called an emergency hotline. No one reached them in time. …
Somali pirates’ return adds to crisis for global shipping companies Read More »
By Portia Crowe DAKAR (Reuters) – One of the most serious challengers to Senegalese President Macky Sall’s party in Sunday’s presidential election has sought to reassure investors about his plans for the West African nation set to begin producing oil and gas later this year. Bassirou Diomaye Faye, an anti-establishment candidate who analysts say stands …
Senegal opposition leader seeks to reassure investors ahead of Sunday vote Read More »
By Duncan Miriri NAIROBI (Reuters) -Kenya has demanded that TikTok show it is adhering to local privacy and user verification laws, the interior minister said on Thursday, saying the platform has been used to spread propaganda, carry out fraud and distribute sexual content. TikTok and other social media companies are under pressure from regulators around …
Kenya tells TikTok to show it is complying with privacy laws Read More »
LUSAKA (Reuters) – Kenya’s shilling is expected to hold steady against the U.S. dollar in the next week to Thursday, while Nigeria’s naira will strengthen, traders said. GHANA Ghana’s cedi is expected to weaken further in the coming week due to persistent dollar demand from local corporates, mainly in the manufacturing and energy sectors, traders …
AFRICA-FX- Kenya’s shilling to hold steady, Nigerian naira to firm Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets open on Thursday in the slipstream of U.S. markets’ positive reaction to the Federal Reserve’s signal that interest rates will still be cut by 75 basis points this year, and not the 50 that many investors had been bracing …
Morning bid: Powered up on Powell, yen still on the brink Read More »
By Koh Gui Qing and Marc Jones NEW YORK/LONDON (Reuters) – World stocks jumped on Wednesday and the dollar snapped a winning streak, after the Federal Reserve indicated that it still expects to cut U.S. interest rates three times this year despite projecting slightly slower progress on inflation. Fed Chair Jerome Powell said recent high …
Stocks jump, dollar falls as Fed keeps rate cut projections Read More »
By Herbert Lash NEW YORK (Reuters) -The dollar weakened and the yen rebounded from near multi-decade lows on Wednesday after the Federal Reserve held interest rates steady as expected and policymakers still projected three U.S. rate cuts this year even as inflation remains elevated. The Fed’s updated quarterly economic projections showed the personal consumption expenditures …
Dollar weakens after Fed meeting, yen strengthens Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Wednesday as the U.S. Federal Reserve held interest rate steady and demand concerns continue to weigh. Brent crude futures for May settled down $1.43, or 1.64%, at $85.95 a barrel. U.S. West Texas Intermediate futures for April delivery, which expire on Wednesday, ended $1.79, or …
JOHANNESBURG (Reuters) -South Africa’s rand rose against the dollar on Wednesday ahead of an interest rate decision by the Federal Reserve. At 1540 GMT, the rand traded at 18.8050 against the dollar, about 0.6% stronger than its previous close. Investors will be looking at the outcome of the Fed’s latest policy meeting, while focus will …
South African rand firms ahead of Fed rate decision Read More »
