By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices gained on Friday as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S. and Britain on Houthi targets in Yemen, while U.S. Treasury yields eased on news that U.S. producer prices unexpectedly fell in December. Wall Street stocks closed nearly flat …
Oil rises after strikes on Houthis; US yields fall following PPI Read More »
By Maxwell Akalaare Adombila and Christian Akorlie ACCRA (Reuters) -Ghana has reached a deal to restructure $5.4 billion of loans with its official creditors, the finance ministry said on Friday, a milestone in the country’s quest for debt relief as it charts its way out of the worst economic crisis in a generation. The agreement …
Ghana agrees debt restructuring deal with official creditors – finance ministry Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar index pared gains on Friday after U.S. producer prices unexpectedly fell in December, raising expectations of an early U.S. rate cut. It was higher on the day, boosted by safety buying after U.S. and British warplanes, ships and submarines launched dozens of air strikes across Yemen …
By Arathy Somasekhar HOUSTON (Reuters) -Oil rose 1% on Friday as an increasing number of oil tankers diverted course from the Red Sea following overnight air and sea strikes by the U.S. and Britain on Houthi targets in Yemen after attacks on shipping by the Iran-backed group. Brent crude futures settled 88 cents, or 1.1%, …
Oil climbs 1% as tankers avoid Red Sea after strikes on Houthis Read More »
TRIPOLI (Reuters) – Protesters who have threatened to shut down two oil and gas facilities near the Libyan capital Tripoli have extended the deadline by 24 hours for talks with mediators, a spokesman for the group said on Friday. Protesters have threatened to shut down the facilities, with one group campaigning against corruption issuing a …
Libya oil facility protesters’ shutdown deadline extended by 24 hours Read More »
JOHANNESBURG (Reuters) – South Africa’s rand firmed against the dollar on Friday after U.S. data showed producer prices unexpectedly fell in December, raising expectations of an early Federal Reserve rate cut. At 1549 GMT, the rand traded at 18.6050 against the dollar, about 0.3% stronger than its previous close though it remained rangebound on lack …
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes were flat to lower on Thursday as data showed U.S. consumer price inflation came in above economists’ expectations in December, raising some doubts that the Federal Reserve will cut rates as soon as some traders expect. Bitcoin rose to a two-year high as several exchange-traded funds …
Stocks flat to down after CPI data; Treasury yields ease Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar was down on the day against the euro and the yen on Thursday but off lows reached before data showed that U.S. consumer price inflation came in above economists’ expectations in December, raising some doubts that the Federal Reserve will cut rates as soon as traders expect. …
Dollar down on day, but off lows after hotter than expected inflation Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices gained about 1% on Thursday after Iran seized an oil tanker off the coast of Oman, raising the prospect of escalating conflict in the Middle East. Brent futures rose 61 cents, or 0.8%, to settle at $77.41 a barrel, while U.S. West Texas Intermediate (WTI) crude …
Oil up 1% as Middle East tensions offset US inflation worries Read More »
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund on Thursday said it was holding discussions with Egypt on policies that would make the country’s $3 billion IMF program successful, but that additional financing would be “critical.” IMF spokesperson Julie Kozack told a regular news briefing that financing amounts and potential disbursements to the …
IMF says additional financing for Egypt ‘critical’ for success of loan program Read More »
