By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed down on Tuesday and crude prices fell as investors parsed economic data and girded themselves for a series of central bank decisions, including an expected rate cut from the Federal Reserve. Bitcoin forged new record highs and benchmark U.S. Treasury yields steadied ahead of what …
By Scott DiSavino NEW YORK (Reuters) -Oil prices eased about 1% to a one-week low on Tuesday on demand worries following the release of negative economic news from Germany and China, while investors remained cautious ahead of a U.S. Federal Reserve decision on interest rates. Brent futures fell 72 cents, or 1.0%, to settle at …
Oil prices ease 1% to one-week low on weak Chinese, German economic data Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened against a stronger dollar on Tuesday as investors turn their attention to the Federal Reserve’s interest rate decision. At 1502 GMT, the rand traded at 18.16 against the greenback, about 1.7% weaker than its previous close. The dollar index was last trading up about 0.12% against a basket of …
South African rand weakens ahead of Fed decision Read More »
NAIROBI (Reuters) – Kenya has further extended an oil supply deal with three Gulf firms that has helped to relieve pressure on its shilling currency, it said on Tuesday. The deal with Saudi Aramco, Abu Dhabi National Oil Company and Emirates National Oil Company was initially agreed in March last year and was extended in …
Kenya extends petroleum supply deal with Gulf firms Read More »
SAO PAULO/JOHANNESBURG (Reuters) -Brazilian digital bank Nubank said on Monday it has invested $150 million in Tyme Group, a Singapore-based digital bank backed by China’s Tencent with 15 million customers in South Africa and the Philippines. Having completed its latest investment round, Tyme Group has achieved unicorn status – conferred on startups valued at more …
Brazilian digital lender Nubank invests $150 million in Tyme Group Read More »
By Dawit Endeshaw ADDIS ABABA (Reuters) – Ethiopia’s parliament passed long-planned legislation on Tuesday allowing foreign banks to operate in the Horn of Africa country, part of government efforts to attract more overseas investment. The country has been gradually opening up its tightly controlled economy, which is one of Sub-Saharan Africa’s biggest, since Prime Minister …
Ethiopia passes law to open banking to foreign competition Read More »
WASHINGTON (Reuters) – The International Monetary Fund said on Monday its executive board completed a review that would provide Zambia with immediate access to about $184 million. The access to the funds brought Zambia’s total disbursement under the 38-month extended credit facility arrangement to about $1.3 billion, the IMF said in a statement. (Reporting by …
IMF to provide Zambia with $184 million as board review completed Read More »
(Reuters) -Barrick Gold will suspend operations in Mali if gold shipments continue to be blocked, the company said on Monday as it struggles to reach agreement with authorities on a new mining code in the West African country. Conditions at the miner’s Loulo-Gounkoto complex have “deteriorated significantly”, Barrick said, adding that employees have been imprisoned …
Barrick Gold threatens to suspend Mali operations over blocked exports Read More »
By Stephen Culp NEW YORK (Reuters) – Megacap tech shares muscled the S&P 500 and the Nasdaq to higher closes on Monday as U.S. Treasury yields paused and investors readied for a busy central bank week. Bitcoin surged, touching a new high after U.S. President-elect Donald Trump suggested he plans to set up a bitcoin …
US stocks end higher ahead of Fed, bitcoin surges Read More »
By Chibuike Oguh and Greta Rosen Fondahn NEW YORK/GDANSK (Reuters) -The U.S. dollar edged higher against major currencies in choppy trading on Monday, as investors eyed interest rate decisions from the Federal Reserve, Bank of Japan, Bank of England and other key central banks this week. Markets are pricing in a near 97% chance that …
Dollar edges higher against major peers as investors eye Fed rate cut Read More »
