By Liz Hampton (Reuters) – U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its lowest level since 2005 as buyers became more choosy about asset purchases. The decline comes as large companies with strong balance …
U.S. oil & gas M&A hit 17-year low; big firms dominate deals-report Read More »
By Brendan O’Boyle and Gabriel Araujo MEXICO CITY (Reuters) -Mexico’s headline inflation accelerated and exceeded expectations in early January, data from the national statistics agency showed on Tuesday, marking the first monthly pickup since September as markets brace for fresh interest rate hikes ahead. Annual headline inflation in the first half of the month reached …
Mexico early-January prices exceed market forecasts, rate hikes expected Read More »
LUSAKA (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday during a visit to Zambia that it was the time for the southern African country’s creditors to restructure its debt as it was doing its part by implementing economic reforms. Zambia defaulted on its sovereign debt in 2020, becoming the first African …
IMF chief: it’s time for creditors to restructure Zambia debt Read More »
PRAGUE (Reuters) – Czech interest rates should rise further “in the short term” to tame inflation and avoid more painful hikes later, the International Monetary Fund has said in the conclusions of its 2022 report on the country. The Czech National Bank (CNB) has maintained interest rate stability for half a year under a revamped …
Czech interest rates should rise further, IMF says Read More »
By Seun Sanni LAGOS (Reuters) – Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country’s ports and help it become an African hub for transshipment, handling cargoes in transit for other destinations. President Muhammadu Buhari has made building infrastructure a key pillar of his …
Nigeria opens ‘game changer’ billion-dollar deep seaport Read More »
CAIRO (Reuters) – Egyptian President Abdel Fattah al-Sisi on Monday defended mega-projects undertaken since he took power, saying they were not to blame for economic turmoil that has seen the currency plummet and inflation accelerate. Since Sisi became president in 2014, Egypt has embarked on an infrastructure splurge spearheaded by the military that has included …
Egypt’s Sisi defends mega-projects with economy under strain Read More »
By Andrea Shalal LUSAKA (Reuters) – U.S. Treasury Secretary Janet Yellen said on Monday during a visit to Zambia that it was critically important to restructure the country’s debt, and she believes progress could be made after her frank talks with key creditor China last week. Yellen added that Zambia’s debt overhang was a drag …
Yellen says critically important to restructure Zambia debt Read More »
LIMA (Reuters) – Inflation in Peru will likely end January at a rate between 8.8% and 8.9% on an annual basis, the country’s minister of economy said on Monday, as protests and road blockades push up food prices. “The greatest impact of the protests is being generated in the issue of prices,” Minister of Economy …
Peru’s annual inflation to soar over 8.8% as blockades hit food prices -minister Read More »
By Lisandra Paraguassu BUENOS AIRES (Reuters) -Brazil and Argentina are in early talks to establish a shared unit of value for bilateral trade to reduce reliance on the U.S. dollar, Brazilian President Luiz Inacio Lula da Silva said on Monday, though the move is not aimed at replacing existing currencies. In Buenos Aires on his …
Lula floats shared ‘trading currency’ during Argentina trip Read More »
ISTANBUL (Reuters) – Turkey’s consumer confidence index rose 4.6% to 79.1 points in January, official data showed on Monday, increasing again after a month with marked improvements in confidence for households and the economic situation. The biggest rise in confidence was seen in the current financial situation of households, which rose 7.4% in January from …
Turkish consumer confidence rises to 79.1 points in January Read More »
