By Sinéad Carew and Naomi Rovnick NEW YORK/LONDON (Reuters) – A global gauge of stocks rallied and U.S. Treasuries and gold sold off on Friday as strong U.S. jobs data brightened the economic outlook and traders pared expectations of Federal Reserve easing after a long spate of rate hikes. The non-farms payroll report showed U.S. …
Stocks rally while Treasuries fall as US jobs data brightens outlook Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar gave back earlier gains against the euro but stayed stronger against the yen on Friday after jobs gains and wage growth for April beat economists’ forecasts but showed downward jobs revisions for March. Employers added 253,000 jobs, beating economists’ forecasts for a 180,000 gain. U.S. average …
Dollar dips against euro as jobs gains offset by negative revisions Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose on Friday but fell for the third straight week after a sharp fall earlier this week ahead of benchmark interest rate rises and on concern that the U.S. banking crisis will slow the economy and sap fuel demand. Brent crude closed $2.80, or 3.9% higher, at $75.30 …
Oil prices jump but post third straight weekly fall on economic woes Read More »
JOHANNESBURG (Reuters) -The South African rand slipped against the dollar on Friday after stronger-than-expected U.S. jobs data signalled that the Federal Reserve could continue with its rate hike cycle. At 1512 GMT, the rand traded at 18.4200 against the dollar, down around 0.7% from its closing level on Thursday. Non-farm payrolls in the United States …
South African rand slips against dollar after stronger US jobs data Read More »
JOHANNESBURG (Reuters) – The Sudanese arm of Africa’s biggest mobile operator MTN Group said on Friday its network was down after fighting in the country led to fuel shortages and power cuts. Heavy gunfire echoed around the capital Khartoum again on Friday, after more than two weeks of conflict between the army and the paramilitary …
MTN Sudan’s network down as fighting hits power supplies Read More »
ROME (Reuters) – The United Nations food agency’s world price index rose in April for the first time in a year, but is still some 20% down on a record high hit in March 2022 following Russia’s invasion of Ukraine. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food …
World food prices rise for first time in a year- FAO Read More »
By Duncan Miriri NAIROBI (Reuters) – The International Monetary Fund expects to disburse the next tranche of its $1.3 billion financing program with Zambia “soon”, the managing director of the fund said. The southern African nation, which was the major sovereign casualty of the COVID-19 pandemic and has been in default since 2020, is seeking …
IMF head sees disbursement to Zambia ‘soon’, Kenya unlikely to default Read More »
KAMPALA (Reuters) – The Ugandan shilling was unchanged on Friday against the dollar in subdued activity, traders said. At 0857 GMT, commercial banks quoted the shilling at 3,713/3,723, the same level as Thursday’s close. (Reporting by Elias Biryabarema; Editing by George Obulutsa)
By Jessica DiNapoli NEW YORK (Reuters) -Kellogg Co has a stable reserve of a key ingredient used in its Pop Tarts breakfast pastries that it sources from war-torn Sudan, CEO Steve Cahillane told Reuters in an interview on Thursday. Cahillane said the U.S. food manufacturer did not see any risk to its “safety stock” of …
Kellogg buys key ingredient from conflict-ridden Sudan but sees no shortage now -CEO Read More »
By Sinéad Carew NEW YORK (Reuters) – A global measure of stocks fell for the fourth consecutive day while the dollar gained some ground as the European Central Bank raised rates on Thursday and signalled the need for more tightening a day after the U.S. Federal Reserve also raised rates. U.S. Treasury yields were lower …
Stocks fall, dollar rises as investors eye weakening economy Read More »
