By Camillus Eboh and Ahmed Kingimi (Reuters) -A fuel tanker overturned late on Tuesday in Nigeria’s northern state of Jigawa after the driver lost control of the vehicle, spilling petrol which exploded and killed at least 147 people, police and state emergency services said on Wednesday. The accident is one of the worst in recent …
Fuel tanker accident kills at least 147 in Nigeria Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar firmed on Wednesday, hitting an 11-week high, as investors ruled out a hefty interest rate cut from the Federal Reserve at the next policy meeting and priced in a potential election victory by former President Donald Trump. Sterling, meanwhile, tumbled to its lowest in two months …
US dollar rallies on Fed outlook, potential Trump win; inflation weighs on pound Read More »
By Nupur Anand, Duncan Miriri NEW YORK/NAIROBI (Reuters) -JPMorgan Chase, the largest U.S. lender, plans to enter Kenya and Ivory Coast this year and grow its footprint in Africa, CEO Jamie Dimon told Reuters. International markets are a growth area for JPMorgan, which has more than $4.2 trillion in assets and operates in over 100 …
Exclusive-Jamie Dimon charts JPMorgan expansion plan into Africa Read More »
CAIRO (Reuters) -Egypt’s President Abdel Fattah al-Sisi named Major General Hassan Mahmoud Rashad as head of the powerful general intelligence agency on Wednesday, appointing the outgoing chief Abbas Kamel as an adviser to the presidency. The agency has played a leading role under Sisi, handling foreign-policy matters including conflicts in Gaza, Sudan and Libya, as …
Egypt’s Sisi replaces head of powerful general intelligence agency Read More »
By Gleb Bryanski MOSCOW (Reuters) – Russia is seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western sanctions when it hosts the group’s leaders at a summit next week. President Vladimir Putin is keen to build up BRICS – which has expanded to include Egypt, …
At BRICS summit, Russia to push to end dollar dominance Read More »
MOSCOW (Reuters) – Russian President Vladimir Putin will host a summit of BRICS leaders next week, seeking support in his standoff with the West from the expanded group that now represents about a third of global economic output. Russia says the event will be attended by leaders from Brazil, India, China, South Africa, Egypt, Ethiopia, …
Factbox-What proposals will Russia push at the BRICS summit? Read More »
By David Shepardson, Valerie Insinna and Tim Hepher WASHINGTON (Reuters) -The U.S. Federal Aviation Administration late on Wednesday tightened pressure on Boeing by barring the troubled planemaker from expanding production of its best-selling 737 MAX narrowbody planes, following “unacceptable” quality issues. The unprecedented decision looked set to deepen turmoil at Boeing even as the FAA …
FAA bars Boeing from increasing MAX output but ends partial grounding Read More »
COPENHAGEN (Reuters) -Maersk said explosions nearby forced two ships operated by its U.S. subsidiary and carrying U.S. military supplies to turn around when they were transiting the Bab al-Mandab Strait off Yemen, accompanied by the U.S. Navy. “While en route, both ships reported seeing explosions close by and the U.S. Navy accompaniment also intercepted multiple …
US Navy intercepts missiles in Red Sea while escorting Maersk ships Read More »
COPENHAGEN (Reuters) -Maersk said explosions nearby forced two ships operated by its U.S. subsidiary and carrying U.S. military supplies to turn around when they were transiting the Bab al-Mandab Strait off Yemen, accompanied by the U.S. Navy. “While en route, both ships reported seeing explosions close by and the U.S. Navy accompaniment also intercepted multiple …
US Navy intercepts missiles in Red Sea while escorting Maersk ships Read More »
By Tetsushi Kajimoto, Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) – Japan’s top currency diplomat Masato Kanda said he was closely watching how central bank decisions, including an expected end to negative interest rates in Japan, affect markets as speculation over the events could trigger volatile asset moves. Kanda declined to comment on heightening market …
Japan’s top forex diplomat vigilant to market impact from BOJ stimulus exit Read More »
