By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks were set for solid weekly gains on Friday as rising odds of the Federal Reserve cutting rates in the near-term helped cushion jitters around a U.S. government shutdown that have pushed gold to record highs and weighed on the dollar. Investors have mostly shrugged off the shutdown, the …
Asian stocks poised for weekly gains on rate cut wagers, AI fervour Read More »
By Duncan Miriri NAIROBI (Reuters) -Cameroon’s voters will decide on October 12 whether to grant 92-year-old President Paul Biya, the world’s oldest head of state, an extension of his four-decade rule. Here is what investors are watching in the race to lead central Africa’s biggest economy: WHO ARE THE CANDIDATES IN THE ELECTION? Biya, who …
Explainer-What investors are watching in Cameroon’s presidential election Read More »
By Shariq Khan NEW YORK (Reuters) -Oil prices settled down about 2% at the lowest in four months on Thursday, extending a run of declines into a fourth day, due to concerns about oversupply in the market ahead of a meeting of the OPEC+ group over the weekend. Brent crude futures fell $1.24, or 1.9%, …
Oil falls 2% to four-month lows on oversupply concerns Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar gained against the euro and yen on Thursday, with the greenback rebounding against the Japanese currency after four consecutive days of losses, as traders weighed the impact of a U.S. government shutdown. The shutdown leaves a gap in government data, including the closely watched monthly jobs report …
Dollar rebounds, uncertainty reigns as US government stays shut Read More »
RABAT (Reuters) -Morocco and the European Union have agreed to introduce origin labeling as an amendment to their agricultural deal, ensuring that products from Western Sahara receive the same preferential tariffs as those originating from Morocco, Foreign Minister Nasser Bourita said on Thursday. The European Court of Justice ruled that the trade deal was invalid in …
Morocco and EU reach new trade deal including Western Sahara farming products Read More »
(Reuters) -Egypt’s central bank cut its overnight interest rates by 100 basis points on Thursday, its fourth reduction this year, saying inflationary pressures remain limited even after economic growth accelerated to 5% in the second quarter. The central bank’s monetary policy committee lowered the deposit rate to 21% from 22% and the lending rate to …
Egypt’s central bank slashes interest rates by 100 basis points Read More »
By Camillus Eboh ABUJA (Reuters) -Nigeria has boosted daily crude oil output to between 1.7 million and 1.83 million barrels and the number of active drilling rigs from 31 in January to 50 by July, as reforms under President Bola Tinubu begin to unlock investment in the petroleum sector. Minister of State for Petroleum Resources …
Nigeria boosts oil output, drilling activity as reforms attract investment Read More »
(Reuters) -The International Monetary Fund’s staff expects discussions on a new fund-supported program with Senegal to begin this month, the IMF communications director said on Thursday. “Our staff is ready to move to the next phase of our engagement, which of course would be program discussions, and we expect to be able to start those …
IMF expects to discuss new Senegal program later this month, official says Read More »
DAKAR (Reuters) -Three foreign workers have died in a site accident at the Simandou iron ore project in Guinea, its co-developer Winning Consortium Simandou said on Thursday, adding that it has suspended operations and launched a full safety review. The incident took place at a WCS work site in Kerouane province, the Chinese-controlled company said. …
Guinea’s Simandou iron ore project halted after three workers die in accident Read More »
DAKAR (Reuters) -Ivory Coast said it has granted 11 new mining exploration permits to local and international companies for gold, cobalt and copper, as the world’s top cocoa producer seeks to attract further investment in its booming mining sector as it diversifies. The new permits were announced by government spokesperson Amadou Coulibaly after they were …
Ivory Coast grants 11 new mining permits to boost exploration Read More »
