By Caroline Valetkevitch NEW YORK (Reuters) -U.S. Treasury yields rose and the dollar edged up against the yen on Friday after data showed U.S. producer prices increased more than expected in January, adding to the view that any interest rate cuts by the Federal Reserve are not imminent. U.S. stocks ended lower, while the MSCI …
Yields, dollar rise after stronger-than-expected US PPI data Read More »
DAKAR (Reuters) -The International Monetary Fund said on Friday that it had reached a staff level agreement with Ivory Coast for a $1.3 billion programme to fight climate change supported by the fund’s Resilience and Sustainability Facility. Ivory Coast, the world’s top cocoa grower, is exposed and vulnerable to climate change, the IMF said in …
By Nicole Jao NEW YORK (Reuters) -Oil prices settled higher on Friday as geopolitical tensions in the Middle East more than offset a forecast from the International Energy Agency for slowing demand. Brent crude futures settled up 61 cents, or 0.74% at $83.47 a barrel. U.S. West Texas Intermediate crude settled $1.16, or 1.49%, higher …
Oil settles up, records weekly gain on Middle East tensions Read More »
By Gertrude Chavez-Dreyfuss and Herbert Lash NEW YORK (Reuters) -The dollar retreated on Friday amid concerns about the strength of the U.S. economy after higher-than-expected producer prices raised expectations that the Federal Reserve will desist from cutting interest rates until at least the middle of the year. The rise in producer prices reported by the …
Dollar steady after producer prices push back on Fed rate cut outlook Read More »
MILAN (Reuters) – Egypt is continuing to pay energy groups despite the difficult situation it is going through because of the conflict in Gaza, the Chief Executive of Italy’s Eni Claudio Descalzi said on Friday. The north African country is struggling as all its main sources of foreign currency – natural gas exports, tourism, worker …
Egypt has not stopped paying energy groups, Eni CEO says Read More »
JOHANNESBURG (Reuters) -South Africa’s rand firmed on Friday, recouping its midweek losses to end below the 19.0 handle ahead of next week’s budget speech. At 1508 GMT, the rand traded at 18.9000 against the dollar, about 0.3% stronger than its previous close. The dollar was last trading up about 0.13% against a basket of global …
South African rand firms, focus on next week’s budget Read More »
By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghana’s Cocobod will use part of a $200 million World Bank loan to rehabilitate plantations destroyed by the cocoa swollen shoot virus, which causes drops in yields and kills trees, the regulator’s deputy CEO in charge of operations said on Thursday. The disease has wiped off about 500,000 …
Ghana’s Cocobod taps $200 million World Bank loan to rebuild disease-hit cocoa farms Read More »
NAIROBI (Reuters) – Ethiopia has signed a preliminary agreement to develop infrastructure for data mining and artificial intelligence training operations, the government’s strategic investment arm said. Ethiopian Investment Holdings (EIH) initially said in a social media post on Thursday that a memorandum of understanding for a $250 million project had been signed with a subsidiary …
Ethiopia to set up large data centre amid reported bitcoin mining surge Read More »
NAIROBI (Reuters) – Kenya plans to cut its budget deficit for the 2024/25 (July-June) fiscal year while also trying to preserve growth- supporting expenditure, the finance ministry said in its budget policy statement. The deficit will narrow to 3.9% of gross domestic product, (GDP) from 4.9% in this financial year, the ministry said in the …
Kenya eyes lower budget deficit in the upcoming fiscal year Read More »
(Reuters) – B2Gold Corp on Thursday said that three of its employees died after sustaining injuries in an attack on an employee transport convoy in Mali. A bus transporting B2Gold employees from the Fekola Mine to Bamako was attacked approximately 75 kilometres west of Bamako, the Canadian miner said. Mining and processing activities at the …
Three dead as bus carrying B2Gold employees attacked in Mali Read More »
