By Koh Gui Qing and Alun John NEW YORK/LONDON (Reuters) -Global shares edged higher and the yen slid past 150 to the dollar on Tuesday after the Bank of Japan met market expectations by ending eight years of negative interest rates, likely the highlight of a busy week for central banks. Investors will now turn …
World shares bounce, yen slides after landmark BOJ shift Read More »
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -The yen tumbled to a four-month low on Tuesday after the Bank of Japan’s momentous, widely anticipated decision to end its negative interest rate policy, while the dollar strengthened ahead of the Federal Reserve’s latest outlook for rates. In a historic shift from decades of massive …
Yen slides to four-month low despite historic BOJ shift; dollar firm Read More »
ABUJA (Reuters) – Nigeria’s sovereign fund plans to build a 20 megawatts solar power plant in partnership with a local firm, first phase of a 300 megawatts project, the country’s Vice President Kashim Shettima said on Tuesday. Shettima did not disclose the cost of the project or when construction will start. Nigeria, with a population …
Nigeria’s sovereign fund to pilot development of 20 megawatts solar plant Read More »
By Liz Hampton HOUSTON (Reuters) -Oil and gas companies have increased exploration of frontier areas in countries such as Namibia, Surinam and Guyana, and that will create a new wave of future projects, SLB CEO Olivier Le Peuch said on Tuesday. “We have seen a rebound in exploration over the past two or three years,” …
Oil, gas exploration frontiers include Namibia, Guyana, SLB CEO says Read More »
(This March 18 story has been refiled to fix the spelling of the analyst’s last name to Durmaz in paragraph 15) By Rachel Savage JOHANNESBURG (Reuters) – International investors will be closely monitoring the presidential election in Senegal, scheduled for March 24, after delays incited widespread protests. The country, usually one of coup-prone West Africa’s …
Senegal’s election: What is at stake for investors? Read More »
JOHANNESBURG (Reuters) – South Africa’s rand was stable on Tuesday, ahead of the Federal Reserve’s monetary policy decision due on Wednesday. At 1530 GMT, the rand traded at 18.9375 against the dollar, near its previous close of 18.94. The dollar was last trading up about 0.31% against a basket of global currencies. Recent U.S. economic …
South African rand stable ahead of Fed policy decision Read More »
By Nayera Abdallah DUBAI (Reuters) -Egypt will allocate more than 125 billion Egyptian pounds ($2.66 billion) for bread subsidies in its 2024/2025 state budget and more than 147 billion pounds in petroleum products subsidies, the finance ministry said on Tuesday. Egypt, a major wheat importer which also relies on imports of other basic foods and …
Egypt to allocate $2.66 billion for bread subsidies in new budget Read More »
LUANDA/JOHANNESBURG (Reuters) – Angola will pay up to $200 million less each month to service its loans with China Development Bank (CDB), its biggest Chinese creditor, a minister said at the conclusion of a visit to China. “Our installments… will be lower, allowing us to release an average of $150-200 million per month,” Jose de …
Angola agrees lower monthly debt payments to China Development Bank Read More »
By Patrick Werr CAIRO (Reuters) – The World Bank Group said on Monday it intends to provide more than $6 billion of support over the coming three years to Egypt, which has been struggling with a foreign currency crunch and gaping budget and balance of payments deficits. The World Bank Group said $3 billion will …
World Bank to provide Egypt with $6 billion over three years Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The waiting is almost over. The Bank of Japan delivers its potentially historic policy decision on Tuesday against a backdrop of positive investor sentiment after a wave of bullish tech sentiment offset higher U.S. bond yields, and lifted stocks around the …
Morning bid: Tech tonic as world awaits BOJ fireworks Read More »
