By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar slipped against the euro on Monday, extending last week’s fall, as the U.S. currency remains under pressure from the Federal Reserve’s signaling last week the possibility of interest rate cuts next year. The dollar was higher against the yen as the Bank of Japan (BOJ) …
Dollar slips against euro as Fed rate-cut outlook weighs Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil rose nearly 2% on Monday as investors worried about disruptions to maritime trade and supply costs after the Iran-aligned Yemeni Houthi militant group attacked ships in the Red Sea. A Norwegian-owned vessel was attacked in the Red Sea on Monday and oil major BP said it had temporarily paused …
Oil gains nearly 2% as tankers reroute after Red Sea attacks Read More »
By Sinéad Carew NEW YORK (Reuters) – MSCI’s global equity index advanced slightly on Monday while oil prices rallied on supply concerns and U.S. Treasury yields rose as investors digested mixed messages from the Federal Reserve about the prospects for 2024 interest rate cuts. Oil prices climbed after Iranian-backed Houthi militants stepped up attacks on …
Global shares up with Treasury yields; oil rallies on supply worries Read More »
By Emma Farge GENEVA (Reuters) – Countries including India and China on Monday voiced concern that a series of proposed reforms to the World Trade Organization leaves blank a section on rebooting its top appeals court, trade sources said, with time running out before a major meeting. WTO members are reviewing a draft proposal deemed …
WTO reform plans leave question of appeals court unanswered Read More »
PARIS (Reuters) – TotalEnergies reaffirmed its commitment to business interests in Nigeria, the French company said, adding that its head Patrick Pouyanne had met Nigeria President Bola Tinubu in Abuja on Monday. TotalEnergies said it had signed a co-operation agreement with Nigeria’s state oil firm NNPC Ltd to carry out methane detection and measurement campaigns …
TotalEnergies pledges $6 billion in Nigeria oil, gas investments Read More »
ABUJA (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Monday filed charges against Nigerian businessman Dozy Mmobuosi and three companies of which he is CEO, alleging they inflated the financial performance of the companies and key subsidiaries to defraud investors. The SEC said in a statement that it filed charges in U.S. District …
US SEC charges Tingo Group Nigerian CEO, three companies with fraud Read More »
By Karin Strohecker, Jorgelina do Rosario and Rodrigo Campos LONDON (Reuters) – Ethiopia is in talks with the International Monetary Fund (IMF) to borrow around $3.5 billion under a reform programme, three sources familiar with the matter told Reuters. A group of Ethiopia officials and their advisors told international bondholders in a call last Thursday …
Exclusive-Ethiopia aims to get $3.5 billion under IMF programme-sources Read More »
By Nelson Banya (Reuters) – South Africa’s Impala Platinum on Monday said operations ground to a halt at its recently acquired Bafokeng Rasimone platinum mine after more than 2,000 workers staged an underground protest over unspecified demands. The protest action began on Monday morning, Impala said in a statement. “As at 15h00 (1300 GMT), approximately …
Impala says underground sit-in halts operations at Bafokeng mine Read More »
By Ahmed Eljechtimi RABAT (Reuters) -Morocco’s tourism industry looks set to have had a record year, boosting the wider economy, despite September’s earthquake and what sector professionals see as some disruption to winter bookings due to the war in Gaza. Tourism accounts for 7% of gross domestic product and is a key source of foreign …
Morocco set to hit record tourism arrivals despite quake and Gaza war Read More »
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s Wema Bank will target a share placement or a public offer ahead of a forthcoming industry recapitalisation order, after raising 40 billion naira ($50.7 million) this month, its executive director said on Monday. Tunde Mabawonku, who also serves as Wema’s chief finance officer, said its current share sale …
Nigeria’s Wema Bank targets equity raise, increases 2023 profit outlook Read More »
