(Reuters) – Demand for global equity funds shrank in the week through Jan. 1, as higher U.S. Treasury yields led to caution and investors took profits during the year-end trading lull. Data from LSEG Lipper showed that investors added a net $4.93 billion worth of global equity funds, an 86% drop in inflows compared with …
Global equity fund inflows drop on higher US bond yields Read More »
NAIROBI (Reuters) – Kenya’s shilling was stable against the U.S. dollar on Friday, London Stock Exchange Group data showed. At 0746 GMT, the shilling traded at 129.00/129.50 per dollar, unchanged from Thursday’s closing rate. (Reporting by Elias Biryabarema; Editing by Anait Miridzhanian)
KAMPALA (Reuters) – The Ugandan shilling traded in the same position on Friday from the previous session, with appetite generally subdued across board, traders said. At 0713 GMT commercial banks quoted the shilling at 3,673/3,683, same level as Thursday’s close. (Reporting by Elias Biryabarema)
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks fell on Thursday as early gains faded, continuing the year-end downdraft into the first trading day of the new year, while the dollar hit a two-year high after economic data indicated the U.S. labor market remained on solid ground. On Wall Street, U.S. stocks closed broadly lower …
Stocks stumble as Tesla weighs, dollar hits 2-yr high Read More »
By Karen Brettell NEW YORK (Reuters) -The U.S. dollar jumped to a two-year high on Thursday in the first day of 2025 trading, building on last year’s strong gains on expectations U.S. growth will beat peers and keep U.S. interest rates relatively elevated. The Federal Reserve has indicated that it will be more cautious in …
Dollar at two-year high on growth outlook, euro tumbles Read More »
(Reuters) -Tullow Oil said on Thursday the International Chamber of Commerce (ICC) has ruled that the Branch Profit Remittance Tax (BPRT) does not apply to its operations in the Deepwater Tano and West Cape Three Points fields offshore Ghana. As a result, West Africa-focused Tullow will not have to pay the $320 million BPRT assessment …
Tullow Oil exempt from $320 million tax after ICC ruling on Ghana operations Read More »
(Reuters) -Factory activity in Asia, Europe and the U.S. ended 2024 on a soft note as expectations for the new year soured amid growing trade risks from a second Donald Trump presidency and China’s fragile economic recovery. A manufacturing slowdown in the euro zone intensified last month, with scant signs of a rebound anytime soon …
Europe, Asia and U.S. factories end 2024 on weak footing as Trump 2.0 risks mount Read More »
JOHANNESBURG (Reuters) – South Africa’s rand started the new year on a positive note on Thursday after a volatile end to 2024. At 0803 GMT, the rand traded at 18.7625 against the dollar, about 0.6% stronger than its previous close. Like most emerging market currencies, trade in the rand was turbulent in November and December …
KAMPALA (Reuters) – The Ugandan shilling was weaker on Thursday compared to the previous session, undercut by a surge in demand for hard currency from the interbank market, traders said. At 0719 GMT commercial banks quoted the shilling at 3,680/3,690, compared to Tuesday’s close of 3,674/3,684. (Reporting by Elias Biryabarema; Editing by Aaron Ross)
By Isaac Anyaogu LAGOS (Reuters) – Nigeria will establish a national credit guarantee company in May to lend to businesses and individuals, President Bola Tinubu said in an speech on Wednesday. Tinubu, who took office in May 2023, campaigned on economic reforms including expanding credit access to boost economic growth. “To achieve this, the federal …
