By Camillus Eboh ABUJA (Reuters) -Nigerian labour unions plan a warning strike on Tuesday and Wednesday next week ahead of an indefinite action in three weeks in protest at the cost of living, after the government scrapped a costly petrol subsidy, the Nigerian Labour Congress (NLC) said on Friday. The NLC, which represents millions of …
Nigerian unions plan warning strike next week over cost of living Read More »
JOHANNESBURG (Reuters) – South African manufacturing activity shrank for the seventh month in a row in August, but at a slower pace than in the previous month, as a minibus taxi strike in Cape Town prevented many commuters from getting to work. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 49.7 points in August …
South African factory activity shrinks for 7th month in August: Absa PMI Read More »
By Andrea Shalal WASHINGTON (Reuters) – Emerging markets face a more volatile and uncertain future, and must rebuild fiscal buffers, boost revenues, diversify trade and gird for trillions of dollars in annual climate change costs, the International Monetary Fund’s No. 2 official said on Friday. IMF First Deputy Managing Director Gita Gopinath told the biennial …
IMF sees interest rates remaining high for ‘quite some time’ – Gopinath Read More »
By Leika Kihara TOKYO (Reuters) – Asia’s factory activity weakened in August as manufacturers felt the pinch from rising input costs and slowing global demand, but an unexpected rebound in China offered some hope for the region’s export-reliant economies, private surveys showed. China’s private Caixin/S&P Global manufacturing purchasing managers’ index (PMI) rose to 51.0 in …
Asia’s factory activity weakens, China’s rebound offers some hope Read More »
By Duncan Miriri NAIROBI (Reuters) – Ride-hailing firm Uber on Thursday launched an electric motorbike service in Kenya, its first in Africa, as the company seeks to make its global platform emissions free by 2040. The rollout in Kenya will be followed by a “potential announcement” this year for the rest of its markets in …
Uber rolls out electric bike fleet in Kenya, its first in Africa Read More »
By Erwin Seba HOUSTON (Reuters) -U.S. crude oil prices gained more than $2 a barrel on Thursday, rising for a third month in row, on expectations that cuts by the OPEC+ group of oil producing nations, led by Saudi Arabia, would continue through the end of 2023. Brent crude futures for October expired up $1, …
US crude futures climb over $2/bbl, notches third monthly hike Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street lost earlier momentum and the dollar advanced on the last trading day of August, as closely-watched inflation data offered few surprises and investors turned their focus to Friday’s crucial employment report. The tech-laden Nasdaq closed modestly higher, while the S&P 500 joined the Dow in negative …
Wall St ends mixed, dollar gains ahead of jobs report Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar gained on Thursday and was on track for a monthly increase of 1.69% against a basket of currencies as U.S. data showed a mixed picture of the American economy, while the euro was weighed down by cautious comments by a leading European Central Bank hawk. U.S. …
Dollar gains on solid data, euro drops on cautious ECB comments Read More »
By Clara Denina and Sarah McFarlane LONDON (Reuters) – Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the fossil fuel. Dozens of insurers …
Coal miners forced to save for a rainy day by insurance snub Read More »
NAIROBI (Reuters) – Kenya’s inflation slowed in August, helped by a month-on-month fall in food prices, the statistics office said on Thursday. Inflation was 6.7% year-on-year in August from 7.3% a month earlier, while on a monthly basis inflation was -0.1% from 0.1% a month earlier, the Kenya National Bureau of Statistics said in a …
Kenya inflation slows in August, food prices help Read More »
