By Herbert Lash NEW YORK (Reuters) -Global stocks eased and the 10-year Treasury yield almost hit levels last seen in 2007 as a plunge in U.S. homebuilding last month underscored the balancing act the Federal Reserve faces in presenting its outlook on inflation and the economy this week. Traders and investors avoided big bets ahead …
Shares slip, yields rise as market awaits a likely hawkish Fed Read More »
By Rod Nickel CALGARY, Alberta (Reuters) -India’s state-run Oil and Natural Gas Corp wants to eventually receive a share of crude from a Russian project it partly owns, but is willing to wait because Russian oil is hard to ship right now, the head of ONGC’s overseas investment arm, ONGC Videsh, said on Tuesday. Russian …
India’s ONGC willing to wait to regain oil from Russian project Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Tuesday as traders awaited a raft of central bank interest rate decisions this week, including one by the Federal Reserve on Wednesday. The dollar index, which measures the currency against six major counterparts, was up 0.05% at …
Dollar drifts higher as traders look to upcoming Fed decision Read More »
By Felix Onuah ABUJA (Reuters) -Exxon Mobil Corp has pledged additional oil production of nearly 40,000 barrels per day in Nigeria in a new investment push in the country, a presidential spokesperson said on Tuesday, citing Exxon’s president of global upstream operations. Nigerian President Bola Tinubu held talks with Exxon’s Liam Mallon in New York …
Exxon pledges more Nigerian oil output – presidential spokesperson Read More »
JOHANNESBURG (Reuters) -The South African rand firmed on Tuesday as markets await local inflation figures and a central bank interest rate decision in the days ahead. At 1516 GMT, the rand traded at 18.9300 against the dollar, 0.41% stronger than its previous close. “Idling for most of the day the rand has managed to find …
South African rand firms ahead of inflation data, rate decision Read More »
By Maggie Fick LONDON (Reuters) -Novo Nordisk has contracted Aspen Pharmacare to produce human insulin on its behalf in South Africa for export to African countries through a low-cost government tender system, the Danish drugmaker said on Tuesday. Announcing the deal on the sidelines of the United Nations General Assembly in New York, Novo said …
Novo Nordisk contracts Aspen to produce insulin for Africa Read More »
By Joe Bavier and Rachel Savage JOHANNESBURG (Reuters) -Chinese sovereign lending to Africa fell below $1 billion last year – the lowest level in nearly two decades – underscoring Beijing’s shift away from a decades-long big ticket infrastructure spree on the continent, data showed on Tuesday. The drop in lending reflected in data from Boston …
Chinese loans to Africa plummet to near two-decade low – study Read More »
By Duncan Miriri NAIROBI (Reuters) – Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars, the energy regulator said on Tuesday. The East African nation entered the deal with Saudi Aramco, Abu Dhabi National Oil Company and Emirates National Oil Company in March, switching from …
Kenya extends oil supply agreement with three Gulf companies Read More »
By Hannah Lang (Reuters) – Bitcoin isn’t the only asset experiencing a late summer slump. Stablecoins, cryptocurrencies typically pegged to real-world assets like the U.S. dollar, have wilted to their lowest market capitalization in over two years, as subdued trading volumes and a weaker dollar weigh on the market for the tokens. In fact, …
Cryptoverse: Stablecoins sag in the dog days of summer Read More »
By Herbert Lash NEW YORK (Reuters) – Global equities slid and the 10-year Treasury yield traded close to a 16-year high on Monday amid rising concerns that the Federal Reserve’s higher-for-longer message on interest rates will take a toll on U.S. consumers. Rising oil prices, a possible government shutdown in less than two weeks and …
Stocks slip, US yields steady but growth outlook dims Read More »
