NAIROBI (Reuters) – Tanzania’s economy is expected to grow faster this year compared with a year earlier, but performance could be dampened by effects of the war in Ukraine, Finance Minister Mwigulu Nchemba said in a letter to the International Monetary Fund. In the letter dated April 4 and made public on Friday, Nchemba said …
Tanzania expects economy to rebound in 2023 – finance minister Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks rallied to a higher close on Friday and benchmark Treasury yields dipped at the end of a week marked by strong earnings, wrapping up a solid month with data confirming inflation is cooling, which could allow the Federal Reserve to pause after next week’s expected rate …
Wall St ends higher, posts weekly, monthly gains on solid earnings, Fed pause hopes Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar rose on Friday after data showed inflation grew in March, though at a slower pace, keeping the Federal Reserve still firmly on track to raise interest rates at next week’s monetary policy meeting. The yen, meanwhile, fell across the board, after the Bank of Japan …
US dollar firms as inflation data backs Fed hike; yen plunges Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices mostly rose over 2% on Friday after energy firms posted positive earnings and U.S. data showed crude output was declining while fuel demand was growing. On its last day as the front-month, Brent futures for June delivery rose $1.17, or 1.5%, to settle at $79.54 a barrel, …
Crude prices up over 2% on rising U.S. oil demand and lower output Read More »
GEORGETOWN (Reuters) – Guyana’s government on Friday announced it approved a production license for a consortium led by Exxon Mobil to develop its fifth and most expensive oil project in the country, Uaru, the Natural Resources ministry said. The 20-year license came after Guyana’s environmental agency authorized the $12.7 billion project. A field development plan …
Guyana grants production license for Exxon consortium’s fifth oil project Read More »
JOHANNESBURG (Reuters) -The South African rand was little changed against the dollar on Friday, as local budget and trade data failed to offer much relief to investors in Africa’s most industrialised economy. At 1527 GMT, the rand traded at 18.2875 against the dollar, near its previous close of 18.2975. The dollar was last up about …
South African rand little changed after budget, trade data Read More »
GABORONE (Reuters) – Rough diamond sales by Debswana Diamond Co dropped slightly in the first three months of the year, data released by the Bank of Botswana showed on Friday, as the market was more cautious about the current uncertain global macroeconomic outlook. Debswana, a joint venture between Anglo American Plc unit De Beers and Botswana’s government, …
Diamond sales at Botswana’s Debswana drop marginally in cautious market Read More »
By Summer Zhen, Carolina Mandl and Nell Mackenzie HONG KONG/LONDON (Reuters) – Five hedge funds interviewed by Reuters this week each gave details of a trading idea they think could result in a profit from the most significant turmoil to have roiled the banking sector since the 2008 financial crisis. The hedge funds said they …
Trading turbulence in banking sector: five hedge fund ideas Read More »
By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Sudan’s eruption into conflict has left international consumer goods makers racing to shore up supplies of gum arabic, one of the country’s most sought-after products and a key ingredient in everything from fizzy drinks to candy and cosmetics. About 70% of the world’s supply of …
Sudan conflict threatens supply of key soft drink ingredient Read More »
By Hari Kishan BENGALURU (Reuters) – Persistently high inflation remains the biggest economic concern this year even as most central banks are at or near the end-game for rate rises, according to Reuters polls of economists who also upgraded their 2023 growth forecasts from three months ago. With the global economy performing better than expected …
High inflation still top concern for global economy, say economists: Reuters poll Read More »
