Reuters Africa Business

By Karin Strohecker and Libby George LONDON (Reuters) – Angola will decide by November whether to roll over its $1 billion total return swap deal with JPMorgan, or potentially raise the money on international capital markets, a senior debt official told Reuters. JPMorgan and Angola agreed in December a $1 billion, one-year derivative contract known …

Angola to decide on $1 billion JPMorgan deal by November, finance official says Read More »

By Duncan Miriri NAIROBI (Reuters) – Kenya expects to conclude a trade deal with the United States by year-end, its trade minister told Reuters, a move that could cushion its exports to a key market if an existing regional trade arrangement that expires this month is not renewed. Trade Minister Lee Kinyanjui’s remarks were the …

Kenya seeks to strike US trade deal by year-end, trade minister says Read More »

JOHANNESBURG (Reuters) – South African Trade Minister Parks Tau has met U.S. Trade Representative Jamieson Greer for talks, Tau’s office said on Friday, as Africa’s biggest economy tries to reach a deal to roll back steep U.S. tariffs. U.S. President Donald Trump imposed a 30% tariff on imports from South Africa last month after President …

South African minister meets US representative in push for trade deal Read More »

By Chibuike Oguh NEW YORK (Reuters) – World equity markets reached a new peak on Thursday, powered by a continuing bull run on Wall Street, while the U.S. dollar rose against major peers on news that fewer Americans filed new applications for unemployment benefits last week. The pound dipped slightly after the Bank of England kept …

Bull run in stocks continues; US dollar rises after US jobless claims data Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar rose against most major currencies on Wednesday, a day after the Federal Reserve delivered an expected rate cut but signaled little urgency to lower borrowing costs quickly in the coming months. The dollar was supported by data that showed the number of Americans filing …

Dollar recovers as Fed fails to meet dovish expectations Read More »