NAIROBI (Reuters) – The International Monetary Fund and Ethiopia made progress in talks on the fund’s support for the country’s economic reform programme and discussions will continue in Washington next week, the fund said on Friday. Officials from the IMF have been in Ethiopia since late March, when a fund spokesperson said they were doing …
IMF talks with Ethiopia to continue after progress made Read More »
ROME (Reuters) – The United Nations food agency’s world price index fell in March for a 12th consecutive month, and is now down 20.5% from a record high hit one year ago following Russia’s invasion of Ukraine. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 126.9 …
World food prices fall for 12th month running in March – FAO Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks reversed an earlier sell-off to close higher on Thursday, and Treasury yields steadied, as investors digested weak labor market data ahead of a U.S. jobs report, seeking signs the Federal Reserve could pause on rate hikes. All three major U.S. stock indexes bounced back, turning green …
Wall St reverses to end higher, bond yields steady ahead of US jobs report, holiday Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar slipped against some major currencies in thin trading Thursday, as investors consolidated positions and pondered how pivotal U.S. jobs data coming out on a stock trading holiday might impact Federal Reserve policy and unleash a potentially volatile market reaction. The U.S. stock market is closed on …
Dollar dips vs most currencies ahead of US nonfarm payrolls Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were little changed on Thursday but posted a third weekly gain as markets weighed further production cuts targeted by OPEC+ and falling U.S. oil inventories against fears about the global economic outlook. Brent crude settled up 13 cents, or 0.2%, at $85.12 a barrel. West Texas Intermediate U.S. …
Oil steady, notches 3rd weekly gain after shock OPEC+ cuts Read More »
N’DJAMENA (Reuters) – The World Bank approved a grant of $150 million to help Chad reduce the risks of flooding and strengthen urban planning, it said on Thursday. In 2022, Chad’s heaviest seasonal rainfall in over 30 years has left parts of the capital N’Djamena navigable only by boat and forced thousands to flee their …
World bank approves $150 million grant to help Chad reduce flood risk Read More »
JOHANNESBURG (Reuters) -The South African rand weakened against the dollar on Thursday as investors awaited U.S. jobs data and its implications for the Federal Reserve’s monetary policy. At 1551 GMT, the rand traded at 18.2325 to the dollar, about 1% weaker than its previous close. The dollar index, which measures the currency against six rivals, …
South African rand weakens as investors await U.S. jobs data Read More »
By Tarek Amara TUNIS (Reuters) -Tunisia’s President Kais Saied gave his clearest rejection yet of the terms of a stalled $1.9 billion IMF bailout package when he said on Thursday he would not accept “diktats” and suggested that subsidy cuts could lead to unrest. Tunisia reached a staff-level agreement with the IMF for the loan …
Tunisia president rejects IMF ‘diktats’, casting doubt on bailout Read More »
CAIRO (Reuters) – Egypt’s headline inflation rate is set to hit an all-time high in March, a Reuters poll showed on Thursday, following a continued shortage of foreign currency after more than a year of devaluations of the Egyptian pound. The median forecast of 13 analysts polled showed annual urban consumer inflation rising to 33.6% …
Egypt inflation seen hitting all-time high in March – Reuters poll Read More »
By Lisa Barrington DUBAI (Reuters) – Double-digit food price inflation will weigh on the Middle East and North Africa region this year, causing growth to slow to 3% from 5.8% last year, the World Bank said in a regional report on Thursday. The new forecast is a downward revision to the 3.5% growth rate for …
Food inflation to weigh on MENA growth this year – World Bank Read More »
