NAIROBI (Reuters) – The Kenyan shilling was broadly steady against the dollar on Wednesday as the interbank market helped smooth out an underlying shortage of foreign currency, traders said. At 0836 GMT, commercial banks quoted the shilling at 136.65/85 per dollar, compared with 136.60/80 at Tuesday’s close. The shilling has lost more than 20% against …
Kenyan shilling steady, supported by interbank trade Read More »
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -A gauge of global equities fell on Tuesday as investors grew cautious ahead of key data on U.S. consumer prices, while the impasse over the U.S. debt ceiling sparked a sharp sell-off in short-dated Treasury bills. Disappointing forecasts from companies such as PayPal and Apple supplier …
T-bills hit by US debt ceiling worries, stocks slip ahead of CPI Read More »
By Laura Matthews NEW YORK (Reuters) – The dollar edged up against most major peers on Tuesday as traders, seeing no immediate breakthroughs on the U.S. debt-ceiling talks, look to new inflation data for a clearer picture of the economic outlook and the Federal Reserve’s likely rate-hiking path. The dollar index, which measures the currency …
Dollar edges up as markets await debt-ceiling talks, inflation data Read More »
By Nyasha Chingono HARARE (Reuters) – The value of stocks on Zimbabwe’s dollar-only bourse has jumped by 85% since the start of the year to more than $1 billion, its CEO told Reuters on Tuesday, adding he anticipated continued growth. The Victoria Falls Stock Exchange (VFEX) was set up in 2020 to attract global investors …
Zimbabwe’s dollar-only bourse poised for further growth Read More »
JOHANNESBURG (Reuters) -The South African rand and stocks fell on Tuesday as the dollar edged up ahead of closely watched U.S. inflation data due this week. At 1640 GMT, the rand traded at 18.6400 against the dollar, about 1.7% weaker than its previous close. The dollar was up about 0.27% against a basket of major …
South African rand falls against stronger dollar ahead of US CPI Read More »
NAIROBI (Reuters) – The Kenyan shilling traded slightly weaker against the dollar on Tuesday, under pressure from energy companies seeking foreign currency, traders said. At 0907 GMT, commercial banks quoted the shilling at 136.55/75 per dollar, compared with 136.50/70 at Monday’s close. The shilling has lost more than 20% against the dollar in the last …
Kenyan shilling pressured by energy sector FX demand Read More »
(Reuters) – Sibanye Stillwater on Tuesday said its platinum group metal (PGM) output declined nearly 10% during the first quarter, impacted by power cuts in South Africa and operational disruptions in the United States. PGM production from Sibanye’s operations in southern Africa and the United States declined to 480,481 ounces in the first quarter, down …
Sibanye Stillwater Q1 PGM output down 10% due to power cuts, US disruptions Read More »
JOHANNESBURG (Reuters) – International Monetary Fund staff have reached agreement with Niger’s government on new financing of around $133 million and the third review of another facility that could lead to a disbursement of about $27 million, the IMF said on Tuesday. The agreement is subject to the approval of the IMF executive board, which …
IMF and Niger reach staff agreement on new $133 million financing Read More »
LONDON (Reuters) – Global equity index provider MSCI is to apply “special treatment” on Egyptian securities listed in its indexes following investor feedback about low FX liquidity in the country. In a note published late on Monday, MSCI said the issues meant it would not “implement any changes as part of upcoming index reviews for …
MSCI gives Egypt “special treatment” in equity indexes over FX concerns Read More »
JOHANNESBURG (Reuters) – South African specialist logistics property group Equites said on Tuesday that it plans to sell its logistics business in the United Kingdom as a way to unlock value amid rising interest rates impacting asset valuations. Globally, capital market conditions have changed considerably since June 2022, with a surge in inflation causing central …
S.African logistics property firm Equites exploring sale of UK business Read More »
