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DOHA (Reuters) -QatarEnergy agreed with Shell to acquire a 27% participating interest in a block offshore Egypt from the oil and gas major, it said in a statement on Sunday. QatarEnergy has in recent years acquired stakes in oil and gas basins including in Guyana, Lebanon, Namibia and South Africa as part of a strategy …

QatarEnergy acquires 27% participating interest in offshore Egypt block from Shell Read More »

NEW YORK (Reuters) -The S&P 500 eked out a record closing high in a volatile session Friday, with interest rate-cut expectations holding up as the U.S. government shutdown went on for a third day. The Dow also posted a record closing high, but the Nasdaq ended lower.  The S&P 500 technology sector eased, with shares of …

Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session Read More »

By Marc Jones and Koh Gui Qing NEW YORK/LONDON (Reuters) -World stocks were on course for a solid weekly gain and more record highs as the seemingly unstoppable rally in tech shares and expectations of lower U.S. interest rates helped to offset uncertainty surrounding the U.S. government shutdown. News late in the day that Palestinian militant …

No payrolls, no problem as Wall Street extends run of highs Read More »

By Daphne Psaledakis, Jessica Donati and Sonia Rolley WASHINGTON/DAKAR/PARIS (Reuters) -Democratic Republic of Congo and Rwanda will not sign an economic framework this week as expected, four sources familiar with the matter told Reuters on Friday, in another stumbling block for the Trump administration’s efforts to implement a peace deal and spur Western investment in …

Congo, Rwanda will not sign economic deal this week in setback for peace process Read More »

(Reuters) -White Mountains Insurance said on Friday it would sell a controlling interest in insurance distribution platform Bamboo to European private equity firm CVC in a deal that values the company at $1.75 billion. Shares of Hamilton, Bermuda-based White Mountains jumped nearly 11%. The stock had lost 14% so far this year, as of last …

White Mountains to sell insurance agency Bamboo to CVC in $1.75 billion deal Read More »

JOHANNESBURG (Reuters) -The South African rand edged up on Friday, buoyed mainly by higher gold prices, after a purchasing managers’ index (PMI) pointed to improved private sector activity in September but highlighted a gloomy outlook for the year ahead. The risk-sensitive currency at 1524 GMT traded at 17.23 against the dollar, roughly up 0.3% on …

South African rand boosted by stronger gold prices after mixed PMI survey Read More »

By Portia Crowe DAKAR -The International Monetary Fund is not planning to vote on Friday on a debt misreporting waiver that would let Senegal access fresh cash, despite the subject being discussed at a board meeting, two sources close to the matter told Reuters. The country has been expecting the waiver since May, but it …

Exclusive-IMF not due to vote at Friday meeting on waiver to allow Senegal more cash Read More »

By Marc Jones and Koh Gui Qing NEW YORK/LONDON (Reuters) -World stocks were on course for a solid weekly gain and more record highs as the seemingly unstoppable rally in tech shares and expectations of lower U.S. interest rates helped offset U.S. government shutdown uncertainty. Investors have mostly shrugged off the shutdown, the 15th since …

No payrolls, no problem as Wall Street extends run of highs Read More »