By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks rallied on Monday to a fresh intraday record while the dollar eased on optimism that a potential trade deal was on the horizon between China and the U.S., as investors awaited a slew of central bank policy announcements and earnings from several megacap companies. Top Chinese and …
Stocks climb to record, dollar edges down on US-China trade optimism Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled marginally lower on Monday as OPEC’s plans to increase oil output once again outweighed hopes of a trade deal framework between the U.S. and China and renewed U.S. sanctions on Russia. Brent crude futures were down about 32 cents, or nearly 0.5%, at $65.62 a barrel, while …
Oil settles lower as OPEC plans to increase oil output Read More »
By Karen Brettell (Reuters) -The U.S. dollar weakened against the euro, Chinese yuan and Australian dollar on Monday as optimism over a possible U.S.-China trade deal boosted risk appetite and reduced demand for the greenback. Overall moves in the currency markets were relatively muted as traders also waited on several key central bank meetings this …
US dollar slips as trade optimism boosts risk appetite Read More »
CARACAS (Reuters) -Venezuela’s oil ministry will ask the presidency to suspend a wide cooperation agreement with Trinidad and Tobago for energy development, including joint gas projects in negotiation, the South American country’s oil minister said. Trinidad’s previous government had been planning numerous joint gas projects with Venezuela, including the 4.2 trillion cubic feet Dragon field …
Venezuela moves to suspend energy agreements with Trinidad, including gas projects Read More »
By Chris Mfula LUSAKA (Reuters) -Zambia’s treasury secretary said on Monday a third party had expressed interest in taking over Zambia’s debt to the African Export-Import Bank, or Afreximbank, offering a possible path past a hurdle that has kept the country in debt default. Treasury secretary Felix Nkulukusa did not name the third party. Reuters …
Zambia says third party expressed interest in taking on Afreximbank debts Read More »
BLANTYRE (Reuters) -The International Monetary Fund (IMF) held productive talks with Malawi’s new government during its annual meetings in Washington this month, an IMF spokesperson said on Monday, as the Southern African country looks to secure a new lending programme. “We look forward to continuing discussions on the authorities’ plans to restore macro-economic stability and …
IMF says it held productive talks with Malawi’s new government Read More »
By Ammu Kannampilly NAIROBI -U.S. Vice President JD Vance plans to visit Kenya next month after going to a summit in South Africa, a source with knowledge of the matter told Reuters on Monday. There were no immediate details on what Vance might discuss in the East African country, which is one of Washington’s closest …
US Vice President Vance plans Kenya visit, source says Read More »
By Siyanda Mthethwa JOHANNESBURG (Reuters) -Shares of South African grocery retailer Pick n Pay fell sharply on Monday after the company said it expected its core business’s full-year trading loss to be broadly in line with last year. At 1200 GMT, Pick n Pay shares were down more than 7%. “The guidance that Pick n …
South Africa’s Pick n Pay shares slide as it predicts full-year loss in core business Read More »
By Colleen Goko JOHANNESBURG -Mozambique’s sole euro bond rallied on Monday after TotalEnergies announced the lifting of force majeure on its multibillion-dollar liquefied natural gas project, paving the way for construction to resume following prolonged delays. The dollar bonds maturing in 2031 climbed over 2 cents, with bids at 89.38 cents on the dollar by …
Mozambique bonds rise after TotalEnergies lifts force majeure on LNG project Read More »
BAMAKO (Reuters) -Mali has suspended school and university classes throughout the country for two weeks from Monday due to a fuel shortage, the government said late on Sunday, after al Qaeda-linked insurgents imposed a blockade. Jama’at Nusrat al-Islam wal-Muslimin (JNIM) militants announced a blockade on fuel imports to the landlocked West African country in early …
Mali suspends schools over fuel crisis, strikes deal with Russia for petroleum products Read More »
