NEW YORK (Reuters) – The International Monetary Fund is encouraged by the progress in discussions between Zambia and its official creditors, and an agreement could be reached “within a few days,” the fund said in a statement on Tuesday. “We are very encouraged by the significant progress being made in discussions between official creditors and …
IMF sees Zambia agreement with official creditors ‘within a few days’ Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes fell and the dollar index inched up on Tuesday as investors weighed the U.S. interest rate outlook ahead of Federal Reserve Chair Jerome Powell’s congressional testimony. U.S. Treasury yields eased. Adding to uncertainty over the rate outook, a report showed groundbreaking on U.S. single-family homebuilding …
Stocks fall, U.S. dollar up ahead of Powell testimony Read More »
(Refiles to add dropped day in paragraph 1) By Saqib Iqbal Ahmed and Samuel Indyk NEW YORK (Reuters) -The U.S. dollar edged higher against the euro on Tuesday after data showed U.S. housing starts surged and as traders awaited Federal Reserve Chair Jerome Powell’s congressional testimony later this week for clues to the outlook for …
Dollar firms amid supportive U.S. data; Swedish crown, Aussie slide Read More »
By Camillus Eboh ABUJA (Reuters) – Nigeria’s suspended central bank governor is facing criminal charges, including misappropriation of funds, papers filed by government lawyers in court on Tuesday showed. Godwin Emefiele was suspended by President Bola Tinubu earlier this month and detained by state security agents, who had not disclosed the charges he faced. His …
Suspended Nigeria central bank chief facing criminal charges -court papers Read More »
JOHANNESBURG (Reuters) – South Africa’s rand and stocks lost over 1% on Tuesday as the dollar firmed on U.S. housing data. At 1510 GMT, the rand weakened 1.03% to 18.3675 against the dollar. The dollar index, which measures the U.S. currency against six major rivals, rose 0.156% to 102.64. The rand lost over 7% against …
South African rand, stocks weaken as US dollar firms Read More »
By Ahmed Eljechtimi RABAT (Reuters) – Morocco’s OCP plans to invest $7 billion in an ammonia plant using green hydrogen, produced from renewable fuel, it told Reuters, as one of the world’s biggest phosphates and fertiliser companies seeks to increase output and meet low carbon goals. State-owned OCP is one of the biggest importers of …
Morocco’s OCP plans $7 billion green ammonia plant to avert supply problems Read More »
By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghana aims to exempt loans from the African Export & Import Bank (Afreximbank) from being restructured, finance minister Ken Ofori-Atta said, as the country seeks new terms on $20 billion in external debt and recovery from a deep economic crisis. The gold-, cocoa- and oil-exporter, which defaulted on …
Ghana aims to exempt Afrexim loans from debt restructuring Read More »
CAIRO (Reuters) -The Central Bank of Egypt (CBE) is expected to leave its overnight interest rates unchanged on Thursday after President Abdel-Fattah al-Sisi appeared to rule out any devaluation of the currency in coming months, a Reuters poll showed on Monday. The median forecast in a poll of 17 analysts is for the bank to …
Egypt seen leaving interest rates on hold on Thursday Read More »
By Camillus Eboh ABUJA (Reuters) – Nigeria’s main labour unions and the government on Monday set an eight-week timeline to finalise an agreement to raise the minimum wage to help cushion the impact of high fuel prices after the removal of a popular but costly petrol subsidy. The Nigeria Labour Congress and the Trade Union …
Nigeria sets eight-week timeline to agree minimum wage with unions Read More »
By Jihed Abidellaoui TUNIS (Reuters) – Tunisians hoping to buy a sheep to slaughter for Islam’s Eid al-Adha festival next week are facing much higher prices because of a drought, adding to public anxiety at an economic crisis that looks set to worsen. Small flocks of sheep are a common sight in Tunisian cities and …
Tunisians struggle to buy sheep for Eid as economic crisis bites Read More »
