JOHANNESBURG (Reuters) – South Africa’s rand was steady on Friday after the release of U.S. jobs data, which increased bets of an interest rate cut by the Federal Reserve later this month. At 1507 GMT, the rand traded at 18.0075 against the U.S. dollar, not far from its previous close. U.S. nonfarm payrolls increased by …
By Ahmed Eljechtimi RABAT (Reuters) – The African Development Bank (AfDB) signed a deal on Thursday to lend 350 million euros ($370 mln) to Morocco and is considering loaning the country another 650 million euros to finance infrastructure for the 2030 World Cup. The agreed loan would help Morocco boost economic governance, strengthen water supplies …
African Development Bank pledges $1 billion to Morocco Read More »
KAMPALA (Reuters) – The Ugandan shilling was little changed on Friday, with a slight bias towards weakening because of hard-currency appetite from commercial banks, traders said. At 0740 GMT commercial banks quoted the shilling at 3,665/3,675 to the dollar, compared to Thursday’s closing level of 3,663/3,673. (Reporting by Elias Biryabarema; Editing by Alexander Winning)
NAIROBI (Reuters) – The Kenyan shilling was stable on Friday on dollar inflows from the tourism sector and tea exports, one trader said. The shilling traded at 129.00/129.50 per dollar at 0656 GMT, the same as Thursday’s closing rate. “The shilling is gaining strength against the dollar,” the trader said. “There’s more supply than demand.” …
Kenyan shilling stable on FX inflows from tourism, tea exports Read More »
(Reuters) -Bitcoin catapulted above $100,000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly U.S. administration to cement the place of cryptocurrencies in financial markets. Once it broke $100,000 in Thursday’s Asian morning, boosted by U.S. President-elect Trump’s nomination of …
Bitcoin storms above $100,000 as Trump 2.0 fuels crypto euphoria Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The euro rallied on Thursday as French government bonds steadied a day after the collapse of France’s government, even as bitcoin soared to a record past $100,000, with investors cheering the nomination of a pro-cryptocurrency head to run the U.S. Securities and Exchange Commission. The spread between French and …
Euro rebounds as French bonds stabilize; bitcoin jumps past $100,000 Read More »
By Lawrence Delevingne, Dhara Ranasinghe BOSTON/LONDON (Reuters) -Bitcoin traded near $100,000 on Thursday as investors bet on a friendly U.S. regulatory shift, while world stocks pulled back slightly but held near record highs ahead of a key U.S. jobs report. France’s government lost a confidence vote late on Wednesday for the first time since 1962, …
Wall Street stocks, bitcoin take breath from record highs ahead of US jobs data Read More »
By Georgina McCartney HOUSTON (Reuters) -Oil prices fell on Thursday as investors weighed an ample supply outlook for next year against OPEC+ delaying its planned output increase by three months to April 2025. Brent crude settled down 22 cents, or 0.3%, at $72.09 a barrel, while U.S. West Texas Intermediate (WTI) settled down 24 cents, …
Oil falls as investors weigh ample 2025 supply outlook, delayed OPEC+ output hike Read More »
By Doina Chiacu and Luc Cohen WASHINGTON/NEW YORK (Reuters) -McKinsey and Company Africa Ltd, a subsidiary of McKinsey & Company, will pay more than $122 million to resolve a U.S. investigation into a bribery scheme in South Africa, the Justice Department said on Thursday. Privately owned McKinsey Africa was charged with one count of conspiracy …
By Fadimata Kontao, Portia Crowe and David Lewis BAMAKO (Reuters) -Mali, one of Africa’s biggest gold producers, has issued an arrest warrant for Barrick Gold Chief Executive Mark Bristow, a warrant document seen on Thursday by Reuters showed, escalating a dispute with the Canadian mining company. The West African country’s junta-led government is seeking more …
Mali issues arrest warrant for Barrick Gold CEO, document shows Read More »
