By Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday after data showed U.S. consumer prices rose less than expected in March, raising expectations that the Fed is likely to stop hiking rates after a possible increase in May. The Consumer Price Index (CPI) climbed 0.1% last month, below economists’ expectations for a …
Dollar drops as inflation cools more than expected Read More »
By Chris Mfula and Rachel Savage LUSAKA (Reuters) – Zambia is planning to finish tests that simulate real-world cryptocurrency usage by the end of June to help it create regulations that balance citizens’ safety with innovation, science and technology minister Felix Mutati told Reuters. The southern African country also needs digital infrastructure, including digital identities, …
Zambia to finish cryptocurrency regulation tests by June -minister Read More »
JOHANNESBURG (Reuters) -The South African rand gained modestly on Wednesday as the dollar fell globally on data showing cooler-than-expected U.S. headline inflation in March. Johannesburg-listed stocks closed slightly lower. U.S. consumer prices rose 0.1% in March, compared to expectations for a 0.2% increase and a 0.4% rise in February. Despite the smaller-than-predicted increase, economists said …
South African rand bolstered by U.S. inflation data; stocks end lower Read More »
By Kopano Gumbi PRETORIA (Reuters) – South Africa should not shy away from spending to fix the country’s power crisis, its electricity minister told Reuters, ahead of a cabinet decision later this month on his proposals to end the worst power blackouts on record. Kgosientsho Ramokgopa, appointed last month to the newly created role, was …
South Africa should not shy away from costs of fixing power crisis -minister Read More »
NAIROBI (Reuters) – The Kenyan shilling was broadly stable against the dollar in a quiet market on Wednesday, traders said. At 0740 GMT, commercial banks quoted the shilling at 133.60/80, largely unchanged from Tuesday’s close. The shilling has lost 7.8% of its value against the dollar this year, according to Refinitiv data. President William Ruto …
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -China is expected to drop its demand for multilateral development banks to share losses alongside other creditors in sovereign debt restructurings for poor countries, breaking a major roadblock to debt relief, a source familiar with the plans said on Tuesday. The development is expected at a high-level …
China to drop demand for development bank debt restructuring losses -source Read More »
By Herbert Lash NEW YORK (Reuters) – A gauge of global stocks rose and bond yields edged higher on Tuesday as traders anticipate interest rates will soon peak even as the market bets that the U.S. Federal Reserve will tighten monetary policy further in May to tame inflation. Gold climbed back up above the key …
(Reuters) – China is negotiating a compromise plan with other major creditors that could help break a logjam in debt-relief talks for struggling developing nations, the Wall Street Journal reported on Tuesday. Citing people familiar with the talks, the Journal said the new plan, if agreed, could see China drop its demand for multilateral lenders …
China in talks on emerging economy debt workout compromise -WSJ Read More »
By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose about 2% on Tuesday on hopes that the Federal Reserve might ease up on its policy tightening after a key U.S. inflation report this week, though concerns remain over Chinese demand. Brent crude futures settled up $1.43, or 1.7%, to $85.61 a barrel. U.S. West …
Oil rises about 2% with U.S. and China inflation in focus Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday as investors waited on inflation data for further signs of whether price pressures are ebbing and what it means for further Federal Reserve interest rate hikes. Consumer price data on Wednesday is expected to show headline inflation rose by 0.2% in March, while …
Dollar dips ahead of inflation data due Wednesday Read More »
