CAIRO (Reuters) – The Central Bank of Egypt (CBE) is likely to leave its overnight interest rates fixed at a policy meeting on Thursday, even though economic reforms are expected in the weeks following President Abdel Fattah al-Sisi’s re-election. The National Election Authority announced on Monday that Sisi had won 89.6% of the vote for …
Egypt seen keeping interest rates on hold on Thursday, poll shows Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened against the U.S. dollar on Monday, giving back some of last week’s gains as the dollar steadied. At 1434 GMT, the rand traded at 18.5250 against the U.S. dollar, about 1.2% weaker than its previous close. The dollar index was last down 0.15% at 102.470. The greenback had fallen …
DUBAI (Reuters) – Egypt’s Suez canal authority said on Sunday it was closely monitoring the impact of tensions in the Red Sea after recent attacks by Yemen’s Houthis on vessels in the southern part of the basin. Two major freight firms including MSC, the world’s biggest container shipping line, said on Saturday they would avoid …
Egypt’s Suez canal authority monitoring tensions in Red Sea Read More »
By Felix Njini and Olivia Kumwenda-Mtambo JOHANNESBURG (Reuters) -South Africa’s High Court has ruled that a class action lawsuit against miner Anglo American brought by victims of alleged historic lead poisoning in Zambia should not go ahead, lawyers for the claimants said on Saturday. Victims of the alleged poisoning had accused Anglo’s South African unit …
South African court denies class action against Anglo American Read More »
By Erwin Seba HOUSTON (Reuters) – Brent and U.S. crude futures finished at a small loss following a see-saw session, in which prices fell more than $1 a barrel at one point on Friday, as traders tried to reconcile mixed signals for oil demand in the coming year. Brent futures settled down 6 cents, or …
By Stephen Culp NEW YORK (Reuters) – Wall Street stocks wobbled to a mixed close and the dollar bounced back on Friday as market participants caught their breath at the end of a week loaded with central bank policy decisions and crucial economic data. Treasury yields edged down past multi-month lows. Euphoria over the U.S. …
US stocks end mixed, nab seventh week of gains as dollar rebounds Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar rebounded on Friday after Federal Reserve Bank of New York President John Williams pushed back against the market’s rate cut expectations, though the dollar index remained on track for its worst weekly performance in a month. The dollar tumbled broadly after updated interest rate projections of Fed …
Dollar rebounds as Fed’s Williams talks down rate cuts Read More »
By Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria’s annual inflation rose in November for the 11th straight month to the highest level in 18 years, adding pressure on the central bank to tackle the rise amid a worsening cost-of-living crisis in Africa’s largest economy. Consumer inflation rose to 28.20% in November from 27.33% in October, data from …
Nigeria’s November inflation rises to 18-year high on surging food prices Read More »
NAIROBI – The Kenyan shilling weakened on Friday, mainly due to increased demand for hard currency from oil and manufacturing importers, traders said. At 0915 GMT, commercial banks quoted the shilling at 153.50/70, compared with Thursday’s closing rate of 153.40/60. (Reporting by Giulia Paravicini; Editing by Aaron Ross)
KAMPALA (Reuters) – The Ugandan shilling was stable on Friday amid subdued activity on both supply and demand sides, traders said. At 0931 GMT commercial banks quoted the shilling at 3,770/3,780 against the dollar, unchanged from Thursday’s close. (Reporting by Elias Biryabarema)
