By Herbert Lash NEW YORK (Reuters) – A gauge of global stock markets rose and bond yields slid on Wednesday after data showed U.S. consumer prices in April rose at a slightly slower-than-expected pace, suggesting the Federal Reserve is succeeding in taming high inflation. The Consumer Price Index rose 0.4% after rising 0.1% in March, …
Stocks rise as U.S. inflation trends lower, bond yields slide Read More »
By Laura Matthews NEW YORK (Reuters) – The dollar remained stable against a basket of currencies on Wednesday as data showed inflation slowed slightly more than expected last month but gave traders little clarity on the U.S. monetary policy outlook. A U.S. Labor Department report on Wednesday showed the annual increase in consumer prices dipped …
Dollar in holding pattern, inflation data provides little clarity on rates Read More »
By Shariq Khan BENGALURU (Reuters) -Oil prices fell by more than a dollar a barrel on Wednesday, ending a three-day rally, as economic data suggested that the U.S. Federal Reserve might hike interest rates further. Brent crude dropped $1.03, or 1.3%, to settle at $76.41 a barrel while U.S. West Texas Intermediate crude (WTI) fell …
Oil drops 1% after US data points to further rate hikes Read More »
By Estelle Shirbon LONDON (Reuters) – The UK Supreme Court ruled on Wednesday that it was too late for Nigerian claimants to sue two Shell subsidiaries over a 2011 offshore oil spill they say had a devastating long-term impact on the coastal area where they live. The case was one of a series of legal …
Shell wins UK Supreme Court case on 2011 oil spill off Nigerian coast Read More »
By Rachel Savage and Tannur Anders JOHANNESBURG (Reuters) -The South African rand plunged to a three-year low on Wednesday after a steep drop in the previous day, while international and domestic government bonds also fell, as fears grew of scheduled blackouts known as loadshedding worsening during winter. At 1530 GMT, the rand was trading at …
South African rand drops to 3-year low on loadshedding fears Read More »
CAIRO (Reuters) -Egypt’s annual urban consumer inflation in April slowed to 30.6% from 32.7% in March, data from the state statistics agency CAPMAS showed on Wednesday, lower than analysts had expected. Month-on-month, urban inflation slowed to 1.7% from 2.7% in March and 6.5% in February. Inflation had steadily crept up over the last year after …
Egypt’s headline inflation slows to 30.6% in April Read More »
DAR ES SALAAM (Reuters) – Tanzania’s earnings from coal exports jumped seven times in dollar terms in the year to the end of March from the previous year, central bank data showed, as the Ukraine war drove buyers to hunt for new sources of the fuel. Tanzania used to sell thermal coal only to neighbouring …
Tanzania’s coal export earnings leap in year to end-March Read More »
DUBAI (Reuters) – Egypt’s annual core inflation eased to 38.6% in April from 39.5% in March, data from the central bank showed on Wednesday. Month on month, it dropped to 1.7% in April from 2.5% in March, the data showed. (Reporting by Muhammad Al Gebaly, Nadine Awadallah, Alaa Swilam; Writing by Muhammad Al Gebaly)
KAMPALA (Reuters) – The Democratic Republic of Congo is in discussions with neighbouring Uganda for possible use of the east African country’s planned crude oil pipeline to export petroleum, Congo’s hydrocarbons ministry said. Uganda is developing the $3.5 billion 1,445-kilometer East African Crude Oil Pipeline (EACOP) that will start from oil fields in its Albertine …
Congo in discussions with Uganda over use of crude pipeline Read More »
LUSAKA (Reuters) – Zambian President Hakainde Hichilema met French President Emmanuel Macron in Paris on Wednesday and asked Macron to use his country’s influence to speed up Zambia’s delayed debt restructuring talks. Hichilema’s office said in a statement that Macron wanted Zambia’s restructuring conclusively dealt with before the June 22-23 Summit for a New Global …
Zambia asks France to help speed up debt restructuring talks Read More »
