By Stephanie Kelly NEW YORK (Reuters) -Oil prices dropped nearly 2% on Wednesday, eating into the previous day’s gains as investors monitored developments in the Red Sea, where shippers are returning despite further attacks on Tuesday. Brent crude futures settled down $1.42, or 1.8%, at $79.65 a barrel. U.S. West Texas Intermediate crude fell $1.46, …
Oil drops almost 2% as investors watch Red Sea developments Read More »
By Koh Gui Qing and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -World stocks rallied to their highest level in more than a year on Wednesday, while the U.S. dollar hit a five-month low, as expectations mounted that key central banks such as the Federal Reserve will start to cut interest rates early next year. In line …
World stocks at highest in over a year on rate cut bets Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar slipped to a five-month low against the euro and a basket of currencies on Wednesday on expectations the Federal Reserve could soon cut U.S. interest rates. But with many traders out for holidays volumes are likely to remain muted until the New Year, and price moves are …
Dollar hits 5-mth low against euro as Fed seen closer to rate cuts Read More »
JOHANNESBURG (Reuters) -Fitch on Wednesday downgraded the rating on Ethiopia’s only international government bond to “default” from “near default” after the east African country failed to make a $33 million coupon payment. Ethiopia became Africa’s third default in as many years on Tuesday after it failed to make the payment on the $1 billion Eurobond. …
Fitch cuts Ethiopia’s Eurobond to ‘default’ after missed payment Read More »
By Koh Gui Qing and Ankur Banerjee NEW YORK/SINGAPORE (Reuters) -Global stocks crept higher on Tuesday and the dollar lingered near a five-month low as investors held fast to bets that cooling U.S. inflation will lead the Federal Reserve to cut interest rates next year. Oil prices jumped over 3% earlier in the session to …
Global stocks edge up, dollar holds near 5-month low Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar index fell on Tuesday and the euro hit a more than four-month high as investors waited on fresh clues to when the Federal Reserve is likely to begin cutting interest rates as inflation falls closer to the U.S. central bank’s 2% annual target. Volumes were muted the …
Dollar falls, euro highest since August in thin holiday trading Read More »
By Arathy Somasekhar and Georgina McCartney HOUSTON (Reuters) -Oil climbed more than 2% on Tuesday to its highest level this month, as further attacks on ships in the Red Sea prompted fears of shipping disruptions and on hopes of interest rate cuts that could boost economic growth and fuel demand. Brent crude futures settled $2, …
Oil jumps over 2% amid Red Sea vessel attacks, rate cut hopes Read More »
LONDON (Reuters) – Ethiopia became Africa’s third default in as many years on Tuesday after it failed to make a $33 million “coupon” payment on its only international government bond. Africa’s second most populous country announced earlier this month that it intended to formally go into default, having been under severe financial strain in the …
Ethiopia becomes Africa’s latest sovereign default Read More »
TRIPOLI (Reuters) – Libya’s Stock Market resumed trading on Monday at a hall in the capital Tripoli after more than nine years of closure because of the political and security situation. The prime minister of the Government of National Unity Abdulhamid al-Dbeibah and the market’s chairman of board of directors Bashir Mohamed Ashour with other …
Libya’s stock market resumes trading after more than 9 years of closure Read More »
CONAKRY (Reuters) – Supplies of fuel to gas stations in Guinea is expected to improve significantly following an oil terminal blast, the government said, as it introduced new top-up limits for vehicles from Saturday. The Dec. 18 blast killed 23 people and damaged most of the fuel tanks at the West African nation’s main oil …
Guinea fuel supplies improving since oil storage blast Read More »
