By Libby George and Marc Jones LONDON (Reuters) – When Gabon’s General Brice Oligui Nguema ousted his distant cousin last month, he became the eighth military leader who has taken power by force in Africa since 2020. But one aspect about the country was different: it had sold a sizeable amount of bonds on international …
Analysis-Counting the cost of contagion fears from Africa coups Read More »
By Herbert Lash NEW YORK (Reuters) -A gauge of global stocks tumbled and Treasury yields shot up on Wednesday after the U.S. Federal Reserve projected another rate hike by year end and much tighter monetary policy through 2024 than previously expected to fight still too high inflation. The U.S. central bank held interest rates steady …
Stocks slide, US yields rise after hawkish Fed stance Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Wednesday, after the Federal Reserve held interest rates steady but stiffened its hawkish stance with a further rate increase projected by the end of the year. As they did in June, Fed policymakers at the median still …
Dollar higher as Fed skips rate hike but stiffens hawkish stance Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 1% to a one-week low on Wednesday after the U.S. Federal Reserve left interest rates unchanged as widely expected, but stiffened its hawkish stance with a further rate increase projected by the end of the year. Brent futures for November delivery fell 81 cents, or …
Oil prices ease 1% after US Fed warns of higher rates for longer Read More »
By Elisha Bala-Gbogbo ABUJA (Reuters) – Nigeria’s naira fell to a record low on the black market on Wednesday, driven mostly by speculative demand as individuals turn to the dollar as a store of value, traders said. The unit was quoted at 980 naira to the U.S. dollar on abokiFx, a firm that publishes online …
Nigeria’s naira falls to a record 980 on black market – abokiFx Read More »
By Sam Tobin LONDON (Reuters) -Mozambique can sue shipbuilder Privinvest in Britain for alleged bribery connected to the decade-old $2 billion “tuna bond” scandal, the UK Supreme Court ruled on Wednesday, weeks before a blockbuster trial begins at London’s High Court. Mozambique is suing Privinvest, its owner Iskandar Safa, Credit Suisse and others over three …
Mozambique can sue Privinvest in London ‘tuna bond’ case, UK court rules Read More »
JOHANNESBURG (Reuters) -The South African rand jumped on Wednesday as the dollar slipped ahead of the U.S. Federal Reserve’s interest rate decision and after local consumer price index (CPI) and retail sales data. At 1544 GMT, the rand traded at 18.7600 against the dollar, 0.86% stronger than its previous close. The dollar last traded almost …
South African rand jumps as dollar weakens, local data in focus Read More »
RABAT (Reuters) – Morocco’s inflation, measured by the consumer price index, accelerated to 5% year-on-year in August, from 4.9% a month earlier, the statistics agency HCP said on Tuesday. Food prices, the main driver for inflation in Morocco, rose by 10.4% from a year earlier, while non-food inflation increased by 1.3%. On a month-on-month basis, …
Morocco’s annual inflation rises to 5% in August Read More »
JOHANNESBURG (Reuters) -South Africa’s headline consumer inflation edged up to 4.8% year-on-year in August from 4.7% in July, data from Statistics South Africa showed on Wednesday. The statistics agency said core inflation also rose to 4.8% year-on-year in August from 4.7% in July. The figures came a day before the South African Reserve Bank (SARB) …
South Africa’s inflation edges up in August, day before rate decision Read More »
By Stephanie Kelly (Reuters) -Oil prices rose to 10-month highs on Tuesday before easing, as investors took profits following three sessions of gains that followed extended production cuts from Saudi Arabia and Russia. Global benchmark Brent crude futures settled 9 cents lower at $94.34 a barrel. Earlier, it hit a session peak of $95.96 a …
Oil prices ease after hitting 10-month highs as investors take profits Read More »
