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By Laila Kearney and Arunima Kumar (Reuters) – Oil prices strengthened on Monday as an attack on an oil pipeline pumping station in the Caspian Sea slowed flows from Kazakhstan, while investors monitored developments of a possible Moscow-Kiev ceasefire agreement that could ease sanctions and increase global supplies. The dollar index, which hovered near a …

Oil rises as drone strikes Caspian pump station, while Russia-Ukraine peace talks loom Read More »

By Rae Wee and Harry Robertson SINGAPORE/LONDON (Reuters) -The yen rose on Monday in a boost from upbeat Japanese growth data, while the dollar hovered near its lowest in two months after investors dialled down their bets on U.S. tariffs. The dollar last traded down 0.58% against the yen at 151.44 after data showed Japan’s …

Yen rallies on growth data, dollar steady around two-month low Read More »

JOHANNESBURG (Reuters) – South Africa’s rand weakened on Monday, ahead of Finance Minister Enoch Godongwana’s budget speech this week, which will provide insights on the state of Africa’s most industrialised economy. At 1503 GMT, the rand traded at 18.4275 against the U.S. dollar, about 0.4% softer than its previous close. Analysts said all eyes will …

South African rand slips as markets await budget speech Read More »

By Duncan Miriri NAIROBI (Reuters) -A committee of Ethiopia’s bondholders said on Monday the International Monetary Fund’s latest report on the country contained flaws that “artificially” outline a solvency issue, a scenario that would require lenders to grant debt relief. The East African nation defaulted on its sole $1 billion bond in December 2023, and …

Ethiopia bondholders say IMF report ‘artificially’ creates solvency issue Read More »

By Yousef Saba and Ahmad Ghaddar DUBAI/LONDON (Reuters) – A Libyan company linked to the powerful faction that controls eastern Libya has exported oil worth at least $600 million since May, marking an end to the National Oil Corporation’s monopoly on exports, according to shipping records and U.N. experts. The shipments by the little-known Arkenu …

Libya’s first private oil firm grows in eastern commander’s shadows Read More »

By Nivedita Bhattacharjee BENGALURU (Reuters) – Airbus, Collins Aerospace, Pratt & Whitney, and Rolls-Royce are expanding parts sourcing from India, driving growth in the country’s emerging aerospace sector and pushing local firms to elevate their games, industry insiders say. Bengaluru-based Hical Technologies and JJG Aero are among those riding the wave. Hical, a supplier to …

Global aerospace firms turn to India amid Western supply chain crisis Read More »