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By Colleen Goko JOHANNESBURG -Investors have flocked to South Africa’s domestic bond markets, betting the country can stay the course on reforms despite political fractures, but tariff threats and the prospect of a global growth slowdown are casting a long shadow. Africa’s most industrialized nation depends on foreign investor support to manage its debt load …

South Africa investors face global growth threat after choppy politics Read More »

By Portia Crowe DAKAR (Reuters) -The International Monetary Fund will not decide before May whether Senegal must repay money disbursed under a now-frozen programme, it said on Thursday, meaning the West African nation will likely miss its goal of having a new programme in place by June. The IMF’s Senegal mission chief Edward Gemayel told …

Exclusive-IMF says no decision before May on Senegal waiver for misreported data Read More »

By Nicole Jao NEW YORK (Reuters) -Oil prices settled more than 3% higher on Thursday, supported by hopes for a trade deal between the United States and the European Union and new U.S. sanctions to curb Iranian oil exports, which continued to elevate supply concerns. Brent crude futures settled $2.11, or 3.2%, higher to $67.96 …

Oil posts weekly gain on trade deal hopes, new Iran sanctions Read More »

CAIRO (Reuters) -Egypt’s central bank lowered overnight interest rates by 225 basis points on Thursday, its first cut in more than five years, saying lower inflation had opened the way to yet further rate cuts in the future. The bank lowered the lending rate to 26% and the deposit rate to 25%. The median forecast …

Egypt cuts interest rates 225 basis points, says more cuts likely Read More »

By Karen Brettell NEW YORK (Reuters) -The U.S. dollar gained on Thursday after its recent weakness across peer currencies appeared exhausted for the time being, while the euro weakened slightly after the European Central Bank cut rates for the seventh time in a year. The greenback has largely stabilized this week and held within a …

Dollar benefits from selling exhaustion, ECB cuts rates Read More »