CAIRO (Reuters) -Egypt’s current account deficit narrowed to $2.2 billion in the April-June 2025 quarter from $3.7 billion in the same period a year earlier, the central bank said on Tuesday. The bank attributed the slimmer deficit in fiscal 2024/25 to higher remittances and tourism revenue. Revenue from the Suez Canal, a key source of foreign …
Egypt quarterly current account deficit narrows to $2.2 billion Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes fell on Tuesday, with the S&P 500 ending lower after recent record highs, and investors eyeing political upheaval in France, Japan and a U.S. government shutdown, while gold futures hit $4,000 an ounce for the first time. Demand for safe-haven gold has been driven in part by …
Stocks fall, S&P 500 ends lower after recent records; gold futures hit $4,000/oz Read More »
By Georgina McCartney HOUSTON (Reuters) -Oil prices steadied on Tuesday as investors weighed a smaller-than-expected increase to OPEC+ output in November against signs of a potential supply glut. Brent crude futures settled down 2 cents, or 0.03%, to $65.45 a barrel. U.S. West Texas Intermediate crude was up 4 cents, or 0.06%, to $61.73. Both …
Oil settles flat amid OPEC+ output hike, supply glut fears Read More »
By Camillus Eboh ABUJA (Reuters) -Nigerian President Bola Tinubu has asked parliament to approve $2.3 billion in new loans and authorize the issuance of a $500 million debut sovereign sukuk on international debt markets, according to a letter read to lawmakers on Tuesday. Finance Minister and Coordinating Minister for the Economy, Wale Edun, told an …
Nigeria eyes debut global sukuk, new loans to raise total of $2.8 billion Read More »
By George Obulutsa NAIROBI (Reuters) -Kenya’s central bank cut its benchmark lending rate for the eighth meeting in a row on Tuesday, saying there was room to ease monetary policy further as inflation remains well within its target range. The decision takes the Central Bank of Kenya’s policy rate to 9.25% from 9.50% previously. The …
Kenya central bank cuts policy rate as inflation well within target Read More »
JOHANNESBURG (Reuters) -The South African rand was steady on Tuesday, after central bank data showed that the country’s foreign reserves increased last month. At 1411 GMT the rand traded at 17.21 against the dollar, about 0.2% weaker than Monday’s close. South Africa’s net foreign reserves rose to $67.865 billion at the end of September from …
South African rand steady after foreign reserves data Read More »
By Colleen Goko JOHANNESBURG (Reuters) -Angola is looking to raise $1.5 billion dollars in its return to international capital markets, the finance ministry said on Tuesday, becoming the latest African sovereign to seize on the most favourable borrowing conditions in six years. The southern African nation, making its first foray into international bond markets since …
Angola returns to capital markets with Eurobond as borrowing conditions improve Read More »
DAKAR (Reuters) -Ivanhoe Mines produced 71,226 metric tons of copper and a record 57,200 tons of zinc in the third quarter from its flagship Kamoa-Kakula and Kipushi mines in the Democratic Republic of Congo, the company said on Tuesday. The Vancouver-based miner said robust copper output kept it on track to meet full-year production guidance …
Ivanhoe Mines hits record zinc output in Congo’s Kipushi mine Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes mostly rose on Monday, with the S&P 500 and Nasdaq posting record closing highs after news of AMD’s artificial intelligence chip-supply deal with OpenAI, while the yen and euro weakened against the dollar after Japan’s ruling party elected a new leader and France’s new government quit. Bitcoin …
Stock indexes mostly gain amid AI deal optimism; euro, yen weaken on fiscal worries Read More »
By Karen Brettell NEW YORK (Reuters) -The Japanese yen and euro weakened against the dollar on Monday on fiscal and political stability concerns after Japan’s ruling Liberal Democratic Party elected a new leader and France’s new government quit. The yen declined after Japan’s ruling party picked conservative Sanae Takaichi, an advocate of late premier Shinzo …
Japanese yen, euro slide against dollar on fiscal concerns Read More »
