KIGALI (Reuters) – The International Monetary Fund has said it will release $181.7 million in funds to Rwanda after its executive board concluded reviews of the country’s support programmes. The board said in a statement late on Friday it was releasing the funds after its completion of its fourth review of Rwanda’s Policy Coordination Instrument …
IMF to release $182 million to Rwanda after latest board reviews Read More »
By Sinéad Carew and Harry Robertson NEW YORK/LONDON (Reuters) -MSCI’s global equity gauge fell on Friday while bond yields climbed as investors waited for clues about the future path for interest rates from next week’s U.S. Federal Reserve meeting. In U.S. Treasuries, benchmark 10-year yields rose to a three-week high and were on track for …
Global stock index falls, bond yields rise ahead of rate decisions Read More »
By Hannah Lang NEW YORK (Reuters) -The dollar headed for its best weekly performance in a month on Friday, as investors priced in the possibility of the Federal Reserve cutting rates more slowly next year, while sterling fell after a surprise contraction in UK economic activity. The U.S. currency also rose against the yen after …
Dollar set for best week in a month on cautious Fed outlook for 2025 Read More »
JOHANNESBURG (Reuters) – South Africa’s rand slipped against the dollar on Friday after the central bank released its quarterly bulletin. At 1317 GMT, the rand traded at 17.8975 against the greenback, about 0.7% weaker than its previous close. The dollar was last down 0.1% against a basket of other major currencies but still headed for …
South African rand slips after central bank quarterly bulletin Read More »
By Ron Bousso LONDON (Reuters) -U.S. oil and gas company Kosmos Energy is in early talks for an all-share acquisition of Tullow Oil that would create a West Africa-focused producer. The merger of the two heavily indebted firms would be the latest in a recent wave of energy industry consolidation as company boards look to …
PRETORIA (Reuters) – South Africa recorded foreign direct investment outflows of 3.2 billion rand ($179.87 million) in the third quarter, compared to inflows of 16.6 billion in the second quarter, central bank data showed on Friday. The South African Reserve Bank (SARB) said in its Quarterly Bulletin that the outflows were due to domestic subsidiaries …
South Africa shifts to FDI outflows in third quarter, central bank says Read More »
By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) -Global stocks were down and major Wall Street indexes fell on Thursday after the European Central Bank cut interest rates for a fourth time this year, as gold prices slid from a five-week high. European stocks finished lower in choppy trading after the European Central Bank …
Global equities retreat after ECB cuts rates; gold, oil fall Read More »
By Hannah Lang NEW YORK (Reuters) -The U.S. dollar rose on Thursday after a hotter than expected inflation readout while the euro traded a touch lower following the European Central Bank’s decision to cut interest rates for the fourth time this year. A Labor Department report on Thursday showed producer prices rose 0.4% on a …
Dollar higher on fresh inflation data, euro lower after ECB rate cut Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices settled close to unchanged on Thursday, pressured by a forecast for ample supply in the oil market but supported by rising expectations of a Federal Reserve interest rate cut. Brent crude futures settled down 11 cents, or 0.15%, to $73.41 a barrel. U.S. West Texas Intermediate crude …
Oil settles flat; markets weigh IEA surplus forecast, rate cut optimism Read More »
JOHANNESBURG (Reuters) -The South African rand was steady against the dollar on Thursday, after the release of third quarter employment data and producer inflation figures. At 1506 GMT, the rand traded at 17.7225 against the U.S. dollar, near its previous close. South Africa’s producer inflation was at -0.1% year on year in November from -0.7% …
South African rand steady after Q3 employment, producer inflation data Read More »
