By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes were little changed on Monday while the U.S. dollar inched higher ahead of Tuesday’s U.S. consumer price index report, which could provide clues on when the Federal Reserve is likely to begin cutting interest rates. In cryptocurrencies, bitcoin hit the $50,000 level for the first time …
Stocks steady, dollar up; investors brace for CPI Read More »
By Gertrude Chavez-Dreyfuss and Herbert Lash NEW YORK (Reuters) -The dollar rose modestly against major currencies on Monday, as investors braced for data on U.S. inflation and retail sales this week for clues on when the Federal Reserve may begin widely anticipated interest rate cuts. In cryptocurrencies, bitcoin hit $50,000 for the first time since …
US dollar rises, in consolidation mode, ahead of inflation data Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil futures settled little changed on Monday as concerns about interest rates and global demand caused the market to take a break after prices jumped about 6% last week on worries Middle East tensions could cause supply problems. Brent futures fell 19 cents, or 0.2%, to settle at $82.00 …
Oil settles little changed; demand concerns offset Middle East tensions Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was slightly stronger on Monday but remained close to the 19.0 mark, with no positive domestic news in sight to lift it, analysts said. At 1515 GMT, the rand traded at 18.9850 against the U.S. dollar, about 0.3% stronger than its previous close. The dollar index was last up about …
South African rand firms but outlook remains bleak Read More »
JOHANNESBURG (Reuters) – U.S. firm High Power Exploration Inc (HPX), founded by mining billionaire Robert Friedland, said on Monday it had signed a letter of intent with Liberia’s government and Guma Africa Group to develop rail and road projects linking it with Guinea. The infrastructure projects, known as the Liberty Corridor, are expected to support …
Billionaire Friedland’s HPX signs pact for Guinea-Liberia rail link Read More »
HARARE (Reuters) – Zimbabwe will announce new measures to stabilise its local currency, including linking the exchange rate to hard assets such as gold and creating a currency board, Finance Minister Mthuli Ncube said on Monday. The Zimbabwean dollar has fallen about 40% since the start of the year. The central bank governor said last …
Zimbabwe to announce new money supply growth mechanisms, create currency board Read More »
By Felix Njini CAPE TOWN (Reuters) – Democratic Republic of Congo’s fourth-largest lender, Sofibanque SA, is considering bringing in strategic equity partners including other banks as it looks to expand in new markets in the sub-region, its managing director said. The family-held Sofibanque, which has grown its asset base to about $1.2 billion over the …
Congo’s Sofibanque weighs equity partners as it eyes regional growth Read More »
(Reuters) -Six people, including the group chief executive of one of Nigeria’s largest banks, were killed in a helicopter crash in Southern California on Friday, authorities and the banking group said. Six people were on board the helicopter when it crashed around 10 p.m. Friday (0600 GMT Saturday) near Nipton, California, the U.S. Federal Aviation …
Nigeria’s Access Bank Group CEO among six dead in California helicopter crash Read More »
DUBAI (Reuters) – Egypt’s Finance Minister Mohamed Maait said part of the impact on Suez Canal revenue of the Red Sea attacks on vessels could be absorbed, thanks to previous growth which had been doing well before the incidents started. Maait said the government was planning to rely more on the private sector in terms …
By Chris Prentice and Huw Jones NEW YORK/LONDON (Reuters) -Global equities rose on Friday, with the S&P 500 crossing the 5,000-point milestone for the first time ever, as U.S. inflation data raised expectations of an interest rate cut this year, while closely watched U.S. Treasury yields rose. The greenback reversed earlier gains, falling 0.06%. Oil …
Global equities notch third weekly gain; US yields up Read More »
