By Nell Mackenzie and Koh Gui Qing NEW YORK/LONDON (Reuters) -Global stocks rose on Monday while Treasury yields crept higher ahead of this week’s raft of central bank meetings that could end subzero interest rates in Japan and set a blueprint for U.S. rate cuts this year. MSCI’s broadest index of stocks added 0.47% by …
World shares cheer China data, as central banks line up Read More »
By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The dollar edged higher on Monday ahead of a slew of central bank meetings this week, with the Bank of Japan potentially set to end negative interest rates and the market waiting for the Federal Reserve’s latest projections for its rate cut plans. In addition to …
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% to a four-month high on Monday on lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in China and the U.S. Brent futures rose $1.55, or 1.8%, to settle at $86.89 a barrel, while U.S. West Texas …
Oil prices climb 2% to 4-month high on lower Iraq, Saudi exports Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened on Monday at the start of a week that will include South African inflation figures and several major central bank rate decisions. At 1507 GMT, the rand traded at 18.9650 against the U.S. dollar, 1.15% weaker than its previous close. The dollar was last trading up about 0.03% against …
South African rand slips ahead of CPI, central bank meetings Read More »
By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghana has made tangible progress on signing a memorandum of understanding with its official creditors and is making good progress on its programme with the International Monetary Fund, its Managing Director Kristalina Georgieva said on Monday. The west African country reached a deal to restructure $5.4 billion of …
IMF’s Georgieva: Ghana programme going well, official creditors’ MOU close Read More »
CAIRO (Reuters) – The Egyptian Natural Gas Holding Co. (EGAS) has established a subsidiary in Saudi Arabia with initial capital of SAR 2 million ($530,000), Egypt’s Ministry of Petroleum said on Sunday. Owned 80% by EGAS, the newly established natural gas company “Modern Gas” Saudi Arabia is part of the Egyptian firm’s strategy for offshore …
Egyptian Natural Gas Holding to expand in Saudi Arabia Read More »
By Erwin Seba HOUSTON (Reuters) -Oil prices dipped on Friday, a day after topping $85 a barrel for the first time since November, but prices were expected to finish more than 3% higher for the week on rising demand from U.S. refiners completing planned overhauls. Brent crude oil futures slid 9 cents or 0.11% to …
Oil prices dip, but set for weekly gain of over 3% Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks fell on Friday and was set for a weekly decline that would snap seven straight weekly gains, while the dollar rose and was on track for its strongest week since mid-January, as U.S. inflation data has led to new hopes for interest rate cuts. …
Stocks set for weekly fall, dollar climbs as Fed rate cut expected Read More »
(Reuters) – West African data center and connectivity provider MainOne said on Friday that an internet outage that hit West and Central Africa earlier this week was caused by a break in its submarine cable system. MainOne, which is owned by data center operator Equinix, said that an “external incident” resulted in a cut to …
African internet outage was caused by subsea cable break, MainOne says Read More »
HOUSTON (Reuters) – Exxon Mobil on Friday disclosed a new oil and gas discovery in the prolific Stabroek block offshore Guyana, the company’s first announced discovery in the South American country this year. The Bluefin discovery joins more than 30 already since 2015 in the Stabroek block, an 6.6 million acre (26,800 square kilometers) area …
Exxon-led group strikes new oil and gas discovery off Guyana Read More »
