By Rowena Edwards and Maha El Dahan LONDON/DUBAI (Reuters) – OPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on Saturday, a day after the Group of Seven (G7) nations agreed a price cap on Russian oil. OPEC+, which comprises the Organization of the Petroleum Exporting …
OPEC+ will keep oil policy unchanged in review talks – sources Read More »
BUENOS AIRES (Reuters) -The International Monetary Fund (IMF) said on Friday it has reached a agreement with Argentine authorities on a third review under its Extended Fund Facility Arrangement, which could give the South American country access to around $6 billion. The IMF said in a statement the staff-level agreement remained subject to approval by …
IMF, Argentina reach funding agreement that could unlock $6 billion Read More »
BRASILIA (Reuters) -Brazil’s Special Treasury and Budget Secretary Esteves Colnago submitted his resignation, the Economy Ministry said on Friday, a month before the usual turnover of the position at the end of President Jair Bolsonaro’s term. Deputy Special Secretary Julio Alexandre will take over until the end of this year, the ministry said in a …
Brazil treasury official Colnago submits resignation -ministry Read More »
ACCRA (Reuters) – Germany has pledged 82 million euros ($86 million) to Ghana in grants to support renewable energy and financial sector development, Ghana’s finance ministry said in a statement late on Thursday. The grants are also intended to support technical skills training, good governance, digital infrastructure transitions, food security and female empowerment, the statement …
Germany pledges $86 million to Ghana for ‘critical sector’ development Read More »
By Jamie McGeever ORLANDO, Fla. (Reuters) -What many people saw as an open goal for the Federal Reserve chair on Wednesday, it seems Jerome Powell saw as a potential own goal. Nearly everyone expected him to use his eagerly awaited speech on the economic outlook and the labor market at the Brookings Institution think tank …
Powell wisely passes up financial conditions ‘open goal’: McGeever Read More »
By Jorgelina do Rosario LONDON (Reuters) – Ghana’s debt restructuring plans are set to test a $400 million World Bank guarantee which was designed to provide extra security if the West African country failed to pay. Like other smaller, riskier emerging market countries including Sri Lanka and Zambia, Ghana faces a debt overhaul after its …
Analysis-Ghana overhaul a test for $1 billion World Bank-backed debt Read More »
By Andrea Shalal NEW YORK (Reuters) – Damage from Russian attacks on Ukraine’s infrastructure are increasing the amount of aid the country needs “front-loaded” ahead of the harsh winter months, the head of the International Monetary Fund said on Thursday. IMF Managing Director Kristalina Georgieva told the Reuters NEXT conference she was confident international partners …
Critical to ‘front-load’ aid to Ukraine as costs rise – IMF’s Georgieva Read More »
By David Lawder WASHINGTON (Reuters) – The world’s poorest countries now owe $62 billion in annual debt service to official bilateral creditors, an increase of 35% over the past year, World Bank President David Malpass said on Thursday, warning that the increased burden is increasing the risk of defaults. Malpass told the Reuters NEXT conference …
World Bank chief says poorest countries owe $62 billion on bilateral debt Read More »
FRANKFURT (Reuters) – Real interest rates in the euro zone have already risen “quite a bit”, the European Central Bank’s chief economist said on Thursday, in comments suggesting he thought part of the ECB’s inflation-fighting efforts had been completed. “For the rates that matter for the real economy there has been basically a 200-250 basis …
ECB’s Lane says real rates have already risen ‘quite a bit’ Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at the start of the fourth quarter as it faces rising headwinds from the Federal Reserve’s aggressive monetary policy tightening. The labor market, the economy’s other pillar of support, continues to show resilience. …
U.S. consumer spending powers ahead in October; inflation cooling Read More »
