By Sinéad Carew NEW YORK (Reuters) -The dollar rose on the first trading day of the year, supported by higher U.S. yields while investors waited for U.S. jobs data and European inflation numbers for clues on central banks’ policies. The dollar index, which measures the U.S. currency against six counterparts, rose 0.799%, on track for …
Dollar set for biggest daily jump since October as U.S. yields rebound Read More »
CAIRO (Reuters) – Egyptians entered the new year facing a series of price hikes as the government battles to keep up with rampant inflation. Telecom companies raised the prices of their internet services, with state-controlled operator Telecom Egypt (TE) increasing the prices of its internet services by about 33%, effective Jan. 5, according to a …
Egyptians greeted by hefty price rises in new year Read More »
By Paritosh Bansal (Reuters) – Investors appear convinced that major Western central banks are close to a much awaited pivot, from raising interest rates to cutting them. Markets rallied as a result, but 2024 could hold surprises as the world adjusts to an economic order where money is not cheap. Global stocks rallied and top …
For investors, 2024 is year of transition to a new economic order Read More »
(Reuters) -The South African rand slipped on Tuesday, the first trading day of 2024, as the U.S. dollar rose on global markets. At 1540 GMT, the rand traded at 18.5750 against the dollar, down 1.6% on its previous close. The dollar was up 0.7% at 102.13 against a basket of global currencies, on track for …
South African rand kicks off 2024 on weaker note Read More »
ABUJA (Reuters) – Nigerian stocks rose 1.68% on Tuesday, its first trading session of 2024, extending last year’s rally, to reach its highest level ever of 76,031 points, LSEG data showed. The share index crossed a psychological threshold of 70,000 points for the first time in November. Domestic equities climbed 45.90% in 2023 as local …
Nigeria stocks rise 1.68% to extend 2023 rally – LSEG data Read More »
By Nicole Jao NEW YORK (Reuters) -Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world. Brent crude on Friday, the last trading day of the year, settled at $77.04 a barrel, down 11 cents …
Oil prices shed 10% in 2023 as supply, demand concerns weigh Read More »
By Lawrence Delevingne and Alun John (Reuters) -Global shares pulled back on the last trading day of the year but notched their biggest annual rise since 2019, while U.S. Treasuries finished the year broadly where they started after major swings for the benchmark in 2023. Shares around the world have risen sharply in the last …
Shares dip to cap stellar year; Treasuries end volatile 2023 flat Read More »
By Karen Brettell and Samuel Indyk NEW YORK/LONDON (Reuters) -The dollar edger higher on Friday but is set to end 2023 with its first yearly loss since 2020 against the euro and a basket of currencies, on expectations the U.S. Federal Reserve will begin cutting rates next year as inflation moderates. Questions for 2024 will …
By Isaac Anyaogu LAGOS (Reuters) – Nigerian oil producers will be required to supply 483,000 barrels per day (bpd) to local refineries in the first six months of 2024, new regulations showed on Friday, as Africa’s largest oil exporter seeks to guarantee supplies for local refining. The Dangote oil refinery and at least three government-run …
Nigerian oil firms to be required to supply 483,000 bpd to local refineries Read More »
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s foreign exchange reserves dipped to a six-year low of $32.87 billion at the end of December, data showed on Friday, as the central bank sold dollars to try to prop up the ailing naira currency. A backlog of unsettled forwards, undelivered promises of dollar inflows and a two-decade …
Nigeria’s FX reserves dip to six-year low as naira falls Read More »
