JOHANNESBURG (Reuters) -South Africa’s consumer inflation fell for the second month in a row in December, to 5.1% year on year from 5.5% in November, statistics agency data showed on Wednesday. The latest reading takes headline inflation slightly closer to the mid-point of the central bank’s 3%-6% target range, or 4.5%, where the bank has …
South African inflation falls for second month in December Read More »
By Nadine Awadalla and Farah Saafan CAIRO (Reuters) – President Abdel Fattah al-Sisi told Egyptians on Wednesday they were still able to eat and drink despite soaring prices as he defended mega-projects he said provided millions of jobs. Egypt’s long-running foreign currency shortage risks deepening because of lost revenues from the Suez Canal, and this …
Sisi tells Egyptians to bear with economic pain, says mega-projects provide jobs Read More »
JOHANNESBURG (Reuters) -South Africa’s rand strengthened on Wednesday after inflation fell for the second consecutive month in December, ahead of an interest rate decision by the central bank. At 1508 GMT, the rand traded at 18.8500 against the dollar, 1% stronger than its previous close. The dollar was last down about 0.41% against a basket …
South African rand firms after inflation report, focus on rate decision Read More »
JOHANNESBURG (Reuters) -South Africa expects the International Court of Justice (ICJ) to rule this Friday on whether it will grant emergency measures to stop the war in Gaza, South African news website News24 reported on Wednesday, citing two sources close to the matter. In response to the news report, South Africa’s justice ministry spokesperson Chrispin …
JOHANNESBURG (Reuters) – South African fashion retailer TFG on Wednesday reported slower sales growth in its third quarter, hurt by a softer Black Friday, power cuts and delays at ports that have affected supplies for the industry. TFG, owner of the Foschini and Markham clothing stores, said the Black Friday discount event in South Africa …
TFG’s sales growth slows in Christmas quarter due to soft Black Friday Read More »
By Patrick Werr CAIRO (Reuters) – Egyptian economic growth will be slower than previously expected as its pound weakens, inflation cuts into purchasing power and fallout from the Gaza crisis eats into the country’s main sources of foreign currency, a Reuters poll showed on Wednesday. Revenue from the Suez Canal fell 40% in early January …
Egypt economic growth forecasts lowered as Gaza crisis flares: Reuters poll Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar climbed to six-week peaks against a basket of currencies on Tuesday, as investors resumed buying the greenback after a brief respite, on continued expectations the Federal Reserve would be in no rush to cut interest rates given a still stable U.S. economy. The dollar index rose to …
US dollar hits six-week high; yen falls in wake of BOJ decision Read More »
By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) -MSCI’S global equities index was down slightly as Wall Street stocks took a breather while investors waited for key economic releases and the yen fell after the Bank of Japan left monetary policy unchanged. U.S. Treasury yields rose as investors sought a greater return for the …
Stocks make little progress, dollar rises against yen after BoJ decision Read More »
By Laila Kearney NEW YORK (Reuters) – Oil prices settled slipped on Tuesday as traders focused on rebounding crude output in parts of the U.S., along with rising supply in Libya and Norway, rather than risks to supply posed by conflict in Europe and the Middle East. Brent crude settled at $79.55 a barrel, losing …
Oil prices settle down slightly on more supply in US and abroad Read More »
(Reuters) – The World Bank has approved $300 million in funding to help Ghana’s economic recovery, it said in a statement on Tuesday. The decision comes after the West African country reached a deal to restructure $5.4 billion of loans with its official creditors, a milestone in Ghana’s quest for debt relief as it charts …
World Bank approves $300 million in funding for Ghana Read More »
