By Shariq Khan NEW YORK (Reuters) – Oil prices settled higher on Tuesday after the Israeli military said it carried out an attack on Hamas leadership in the Qatari capital Doha, an expansion of its military actions in the Middle East. Brent crude futures settled 37 cents, or 0.6%, higher at $66.39 a barrel, while …
Oil settles higher after Israeli attack on Qatar Read More »
By Sinéad Carew and Lucy Raitano NEW YORK/LONDON (Reuters) – MSCI’s global equity index rose on Tuesday while the dollar firmed and Treasury yields climbed ahead of key inflation reports following a sharp downward revision in March U.S. employment levels. The U.S. Labor Department said the economy likely created 911,000 fewer jobs in the 12 …
Global stocks rise, dollar gains after report dims view of US jobs market Read More »
By Dawit Endeshaw GUBA, Ethiopia (Reuters) – Ethiopia officially inaugurated Africa’s largest hydroelectric dam on Tuesday, a project that will provide energy to millions while deepening a rift with downstream Egypt that has unsettled the region. Ethiopia, the continent’s second most populous nation with over 120 million people, sees the $5 billion Grand Ethiopian Renaissance …
Ethiopia opens Africa’s largest hydroelectric dam to Egyptian protest Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar fell against the yen on Tuesday after the government estimated the world’s largest economy created nearly a million fewer jobs from April 2024 to March 2025, suggesting a far weaker labor market than what initial numbers showed in the 12-month period. The greenback briefly extended …
Dollar falls vs yen as US revisions show nearly a million fewer jobs in 12-month span Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -Japan’s Nissan Motor Co is considering a rollout of hybrid cars that use its e-Power technology in South Africa as a way to help drivers move from petrol engines towards electric vehicles, a company executive said on Tuesday. Low incomes and high import duties have long hampered manufacturers’ efforts to …
Nissan explores hybrid rollout in South Africa to smooth the shift to EVs Read More »
LONDON (Reuters) – Investors snapped up traditional safe-haven assets on Tuesday, sending gold briefly to a new record high, after the Israeli military said it carried out an attack on Hamas leadership in Qatar, marking an escalation of the conflict in the region. The Japanese yen held on to the day’s gains, while the price …
Instant View: Oil spikes, gold touches fresh record after Israel strikes in Qatar Read More »
By George Obulutsa and Duncan Miriri NAIROBI (Reuters) – Kenya aims to carry out a pioneering $1 billion debt-for-food security swap by March next year, a finance ministry document showed on Tuesday, as the country looks to novel solutions to ease its hefty debt burden. The plan is expected to work in a similar way …
Kenya plans pioneering $1 billion ‘debt-for-food’ swap Read More »
By Camillus Eboh ABUJA (Reuters) -Nigeria’s new tax law, including a contentious 5% fuel surcharge, will not take effect until January 1, Finance Minister Wale Edun said on Tuesday, seeking to calm fears over rising living costs amid widespread economic hardship. Edun told reporters in Abuja the surcharge, targeting petrol, diesel, and other fossil fuels, …
Nigeria delays new tax law to 2026 amid fears of worsening living costs Read More »
JOHANNESBURG (Reuters) – The South African rand was little changed on Tuesday even after the statistics agency reported better-than-expected second-quarter gross domestic product numbers. At 1338 GMT, the rand traded at 17.4875 against the dollar, a whisker away from Monday’s closing level. Statistics South Africa data earlier showed that the country’s economy grew 0.8% in …
South African rand little changed after better-than-expected GDP figures Read More »
By Siyanda Mthethwa JOHANNESBURG (Reuters) -U.S. retailer Walmart will launch its first branded stores in South Africa this year, it said on Tuesday. The move by Walmart, which already owns South African retail group Massmart, places it in direct competition with established domestic retailers including market leader Shoprite, Woolworths and Pick n Pay. Online, it …
Walmart to launch first stores in Africa by year-end Read More »
