By Stephen Culp NEW YORK (Reuters) – Tech shares helped power the S&P 500 to its first record high close in two years on Friday to confirm a bull market, while European stocks registered weekly declines amid fading expectations for central bank interest rate cuts. Treasury yields inched lower, while supply concerns arising from simmering …
S&P 500 nabs record closing high, Treasury yields dip Read More »
By Maxwell Akalaare Adombila and Christian Akorlie ACCRA (Reuters) -The International Monetary Fund’s board approved a first review of Ghana’s loan programme on Friday, allowing for the immediate disbursement of about $600 million under its $3 billion bailout programme, it said on Friday. The decision comes after the gold, oil and cocoa producer reached a …
IMF board approves $600 million payout for Ghana under loan programme Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -The U.S. dollar edged lower on Friday, pausing after five straight sessions of gains but still poised for a weekly climb, as recent economic data and comments from Federal Reserve officials dampened expectations of rapid cuts in interest rates. The greenback strengthened early in the session after economic data …
Dollar edges lower but poised for weekly gain as early rate cut hopes dim Read More »
(Corrects MPC date to Feb. 26, not 25 in paragraph 2) ABUJA (Reuters) – Nigeria’s central bank will hold its next interest rate meeting in February – the first since last July – according to a schedule released on Friday. In a statement published on its website, the Central Bank of Nigeria has tentatively scheduled …
Nigeria central bank to hold policy meeting in Feb, first since July Read More »
JOHANNESBURG (Reuters) – South Africa’s rand weakened further on Friday after losing ground against a surging U.S. dollar all week due to indications that the Federal Reserve might keep rates higher for longer. At 1512 GMT the rand traded at 19.0550 to the dollar, about 0.6% weaker than its previous close. It started the week …
South African rand ends week down against climbing dollar Read More »
By Duncan Miriri NAIROBI (Reuters) – The Trade and Development Bank (TDB) has lent Kenya $210 million, Finance Minister Njuguna Ndung’u told Reuters on Friday, ahead of the maturation of a $2 billion Eurobond in June. Falling hard currency reserves, a steep weakening of the Kenyan shilling and revenue challenges have raised questions about the …
Kenya receives $210 million in loans from TDB, finance minister says Read More »
DAR ES SALAAM (Reuters) -Tanzania’s central bank set its main interest rate at 5.5% in a decision announced on Friday. The decision is the first by the central bank since it said earlier this month that it would start using a benchmark interest rate to signal its monetary policy direction. A change in the policy …
(Reuters) – South African freight rail operator Transnet said late Thursday it resumed partial service on the line connecting to the country’s main coal export terminal, four days after two trains collided and blocked the tracks. The first line leading to the Richards Bay coal terminal was declared safe for the passage of trains on …
S.Africa’s Transnet partially restores service on coal export line Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied on Thursday as robust labor market data offered the latest evidence of U.S. economic strength despite the fact that it could prompt the Federal Reserve hold off on lowering its key policy rate. The Fed’s counterpart, the European Central Bank (ECB) warned in minutes from its …
Wall St ends higher, Treasury yields climb as robust data bolster soft landing bets Read More »
By Laura Sanicola (Reuters) – Oil prices settled higher on Thursday after the International Energy Agency (IEA) joined producer group OPEC in forecasting strong growth in global oil demand and as cold winter weather disrupted U.S. crude output while the government reported a big weekly draw in crude inventories. Oil traders also worried about geopolitical …
Oil prices settle higher global demand forecasts, US crude stock draw Read More »
