By Chuck Mikolajczak NEW YORK (Reuters) -A benchmark of global stocks hit a record on Friday while U.S. Treasury yields dipped as some soft U.S. data and the latest tariff announcements raised hopes that the Federal Reserve may have some cushion to be more aggressive in cutting interest rates. The Commerce Department said retail sales …
Stocks edge up, yields fall as US data, tariff risk gauged Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices settled down on Friday on prospects for a peace deal between Russia and Ukraine that could ease global supply disruptions by ending sanctions against Moscow, but losses were limited by a delay in U.S. immediate reciprocal tariffs. Brent futures settled down 28 cents, or 0.37%, at $74.74 …
Oil settles lower, supply worries ease on hopes for Ukraine peace deal Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar was on track for a weekly loss against the euro on Friday as a delay in the introduction of trade tariffs planned by U.S. President Donald Trump raised hopes that they may not be as bad as feared, while optimism about a peace deal between Russia and …
Dollar on track for weekly loss against euro as tariffs delayed Read More »
NEW YORK (Reuters) – The Democratic Republic of Congo has asked the NBA to end the sponsorship deals of its Basketball Africa League with Rwandan entities, citing the occupation of Rwandan troops in country’s eastern region, according to a memo sent to Reuters. The memo comes after similar appeals to Formula One, which is in …
Basketball-DR Congo calls on NBA to drop sponsorship deals with Rwanda Read More »
By Yadarisa Shabong and Yamini Kalia (Reuters) -Miner and commodity trader Glencore said on Friday it had rejected an unsolicited approach from an unnamed buyer for its operations in the Democratic Republic of Congo at the end of last year. “Glencore has not engaged any banks or advisors and is not running a sale process …
Glencore says it rejected an approach for its DRC operations last year Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Friday after U.S. President Donald Trump said he planned to impose reciprocal tariffs on countries taxing U.S. imports, and as investors awaited a domestic budget next week. At 1503 GMT, the rand traded at 18.32 against the dollar, about 0.9% stronger than its previous close. Trump on …
South African rand firms after Trump’s tariff move; local budget next week Read More »
By Vuyani Ndaba JOHANNESBURG (Reuters) – South Africa’s National Treasury budget deficit forecasts will be wider than in its October estimates for the next three years, a Reuters poll found. The consolidated budget forecast medians of 12 economists polled February 6-13 suggested the National Treasury would announce its deficit forecast at 4.55% of gross domestic …
South Africa Treasury to widen budget deficit forecasts on February 19: Reuters poll Read More »
NAIROBI (Reuters) – Kenya expects to have a slightly narrower budget deficit and a modest increase in overall spending in its 2025/26 (July-June) fiscal year compared with the year that ends in June, the finance ministry said on Friday. The deficit is projected to stand at 4.3% of gross domestic product (GDP) in 2025/26, down …
Kenya’s budget deficit set to narrow in 2025/26, finance ministry says Read More »
NAIROBI (Reuters) – The Kenyan shilling slipped marginally against the U.S. dollar on Friday, data from the London Stock Exchange Group showed. At 0849 GMT the shilling was trading at 129.10/129.60 to the dollar, compared to Thursday’s close of 128.90/129.40. (Reporting by Elias Biryabarema; Editing by Alexander Winning)
RABAT (Reuters) – Maroc Telecom, Morocco’s largest telecoms operator, reported on Friday a 0.4% drop in 2024 profit to 6.14 billion dirhams ($616 mln) as it continues its investment push in high speed fixed broadband. Consolidated revenue rose 1.2% to 36.7 billion dirhams underpinned by growth in its African subsidiaries, the company said in a …
Maroc Telecom reports slight profit drop in 2024 Read More »
