By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar eased against the euro on Tuesday as Germany’s parliament approved plans for a massive spending surge on Tuesday and as the Federal Reserve kicked off its March policy meeting that could offer clues to the path of U.S. interest rates. The euro was 0.2% higher at …
Dollar eases vs euro after German vote on a spending surge Read More »
By Daksh Grover (Reuters) – Gold prices rose 1% to hit a fresh record high on Tuesday, anchored above the $3,000/oz mark, as rising Middle East tensions and trade uncertainties due to U.S. President Donald Trump’s tariff plans fueled demand for the safe-haven asset. Spot gold hit a peak of $3,038.26 per ounce and by …
Middle East tensions, tariff jitters fuel gold’s record rally Read More »
By Camillus Eboh ABUJA (Reuters) – A Nigerian judge on Tuesday dismissed state oil company NNPC Ltd’s objection to its inclusion in a lawsuit brought by Dangote Oil Refinery, which is seeking to halt imports of gasoline into the West African nation. The 650,000-barrel-per-day refinery built by billionaire Aliko Dangote in Lagos has been touted …
Bid by Nigeria’s NNPC to halt Dangote refinery lawsuit rejected by judge Read More »
JOHANNESBURG (Reuters) – The South African rand took a breather on Tuesday, shedding some of its gains that have been fuelled by the gold price extending its historic run to an all-time peak. At 1507 GMT, the rand traded at 18.15 against the dollar, more than 0.3% weaker than its previous close. Gold hit a …
South African rand takes a pause; gold scales new peak Read More »
ABIDJAN (Reuters) – Ivory Coast’s cocoa mid-crop output is expected to drop around 40% this season after an unusually long dry season and limited, patchy rainfall hit crops in the main production regions, exporters and pod counters said. Farmers have said rains were scattered and irregular in the West African country and proper downpours were …
By Nqobile Dludla JOHANNESBURG (Reuters) – South Africa’s Pick n Pay will broaden a rewards programme partnership with First National Bank (FNB) as part of an effort to tap the bank’s customer base and win back shoppers, the grocery retailer said. Pick n Pay has ceded market share to larger rivals including Shoprite over the …
South Africa’s Pick n Pay targets FNB customers with expanded loyalty programme Read More »
JOHANNESBURG (Reuters) – Ratings agency Moody’s expects South Africa’s coalition government to reach a compromise that allows the country’s deadlocked budget to pass with its focus on fiscal consolidation intact. “Our baseline is for the GNU (Government of National Unity coalition) to reach a compromise, leading to an orderly approval of the budget,” Moody’s said …
Moody’s expects South Africa’s coalition government to reach budget compromise Read More »
KAMPALA (Reuters) – The Ugandan shilling was flat on Tuesday on the back of subdued importer demand for dollars, traders said. At 0837 GMT, commercial banks quoted the shilling at 3,660/3,670, the same level as Monday’s close. (Reporting by Elias Biryabarema; Editing by George Obulutsa)
NAIROBI (Reuters) – The Kenyan shilling was barely changed on Tuesday, but traders said it could soon get a boost from increased dollar inflows from remittances. At 0732 GMT, commercial banks quoted the shilling at 129.10/60 per dollar, compared with Monday’s closing rate of 129.20/70. (Reporting by George Obulutsa; Editing by Alexander Winning)
By Stephen Culp NEW YORK (Reuters) -Wall Street stocks ended higher and gold held near $3,000 per ounce on Monday after mixed economic data and ahead of talks between U.S. President Donald Trump and Russian President Vladimir Putin aimed at ending the Ukraine war. Over the weekend, U.S. strikes against Yemen’s Houthi movement threatened to …
US stocks gain, gold hovers near all-time high as Russia-Ukraine talks in view Read More »
