Reuters Africa Business

By Sinéad Carew and Marc Jones NEW YORK/ LONDON (Reuters) -MSCI’s global equities gauge lost ground while the dollar rose as investors worried that Thursday’s surprisingly strong U.S. economic data would make the Federal Reserve more cautious about cutting interest rates. U.S. Treasury yields also rose after the Commerce Department’s Bureau of Economic Analysis said …

Stocks fall, dollar rises as data dampens policy easing hopes Read More »

By Chibuike Oguh NEW YORK (Reuters) -The dollar strengthened against major peers including the euro and yen on Thursday following U.S. economic data, which would likely restrain the future interest rate cuts by the Federal Reserve. The Commerce Department reported that U.S. gross domestic product rose by an upwardly revised rate of 3.8% from April …

Dollar rises against peers after US economic data Read More »

By Canan Sevgili LONDON (Reuters) -Global debt hit a record high of $337.7 trillion at the end of the second quarter, driven by easing global financial conditions, a softer U.S. dollar and a more accommodative stance from major central banks, a quarterly report showed on Thursday. The Institute of International Finance, a financial services trade …

Global debt hits record of nearly $338 trillion, says IIF Read More »

VICTORIA (Reuters) -Voting began on Thursday in Seychelles’ election, where incumbent President Wavel Ramkalawan and allied lawmakers are looking to block a comeback by the party that dominated politics for four decades. Africa’s wealthiest country per capita is an archipelago in the western Indian Ocean whose location makes it a target for investment from, and …

Seychelles president seeks reelection on back of economic recovery Read More »

By Libby George LONDON (Reuters) – The European Bank for Reconstruction and Development lifted its 2025 growth forecast for the first time in more than a year but warned that the effects of tariffs and war will weigh on growth in 2026. The report, which covers economies in emerging Europe, Central Asia, the Middle East …

Economic growth edges higher for EBRD countries but tariff threat looms Read More »