BANJUL (Reuters) – Gambia and the World Bank signed a $68 million grant on Tuesday to revive the ocean-facing West African country’s tourism sector, representatives of both parties announced at a ceremony. The grant is meant to support the diversification and climate resilience of tourism in Gambia, a country of around 2.1 million inhabitants surrounded …
Gambia signs $68 million World Bank grant to revive tourism Read More »
(Reuters) -New orders for U.S.-manufactured goods increased more than expected in May, bucking a slew of recent data showing a softening in the economy and underscoring that demand for products remains strong even as the Federal Reserve aggressively tightens financial conditions. The Commerce Department said on Tuesday that factory orders rose 1.6% in May after …
U.S. factory orders rise more than expected in May Read More »
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina’s economy minister Silvina Batakis took office on Monday after the abrupt resignation of her predecessor threw the government and markets into disarray. Analysts said her first comments would be key to understanding her economic plans, with some fearing a shift towards looser policy in Argentina, a major …
Factbox-Inflation ‘eats away’ at Argentines: economy chief Batakis in her own words Read More »
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s closely watched black market peso rebounded on Tuesday from record lows as the country’s new economy minister moved to calm markets, though sovereign bonds plunged amid wider fears about economic crisis and default. New economy chief Silvina Batakis was sworn in late on Monday pledging fiscal responsibility …
Argentina bonds plunge, black market peso bounces as economy chief seeks calm Read More »
(Corrects to show sterling low hit before Sunak resignation) LONDON (Reuters) – Sterling traded at the lowest since March 2020 on Tuesday, as the resignation of Britain’s finance minister threw Prime Minister Boris Johnson’s government into a crisis. His resignation came minutes after the health minister stepped down, saying he had lost confidence in Johnson’s …
Pound at March 2020 low, political crisis heaps pressure Read More »
LONDON (Reuters) – A staff mission from the International Monetary Fund will visit Ghana from July 6-13 to begin initial discussions about possible programme, the Fund said in a statement on Tuesday. Ghana, one of West Africa’s largest economies, had said on Friday it would hold formal talks with the IMF after hundreds of people …
IMF mission will visit Ghana July 6-13 to begin talks on programme Read More »
ROME (Reuters) – Italy’s services sector growth slowed for a second month running in June amid high inflation and faltering demand, a survey showed on Tuesday. S&P Global’s Purchasing Managers’ Index (PMI) for services declined to 51.6 in June from 53.7 in May, slipping closer to the 50 mark that separates growth from contraction and …
Italy service sector growth slows for second month in June -PMI Read More »
(Reuters) – South African private sector activity expanded at a faster rate in June, helped by growth in demand and employment, a survey showed on Tuesday. The S&P Global South Africa Purchasing Managers’ Index (PMI) rose to 52.5 in June from 50.7 in May, posting its highest reading in just over a year. Anything above …
South Africa business activity expands at faster pace in June -PMI Read More »
BUCHAREST (Reuters) – Romania’s coalition government plans a series of tax rises from next year, including increasing dividend and property taxes, which are expected to boost budget revenue by 13.4 billion lei ($2.82 billion), a draft bill showed on Tuesday. Some of the changes, including higher excise duties on cigarettes and alcohol, will apply from …
Romanian government plans tax hikes to boost budget Read More »
NAIROBI (Reuters) – Kenya’s private sector activity contracted in June for the third month in a row, reaching its lowest level since April 2021, due to rising prices and shortages of items used in manufacturing, a survey showed on Tuesday. The S&P Global Kenya Purchasing Managers’ Index (PMI) slid to 46.8 last month from May’s …
Kenya’s private sector activity sinks further in June – PMI Read More »
