By Stephanie Kelly NEW YORK (Reuters) – Oil prices ended near flat on Tuesday after rallying for two sessions, with investors cautious ahead of Sunday’s scheduled OPEC+ meeting, when the producer group may discuss deepening supply cuts due to slowing global economic growth. Brent crude futures settled 13 cents higher at $82.45 a barrel. U.S. …
Oil edges lower on caution ahead of OPEC+ meeting Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks dipped on Tuesday and gold touched a two-week high while minutes from the Federal Reserve’s most recent meeting showed the central bank is “in a position to proceed carefully.” All three major U.S. stock indexes ended slightly lower, with the tech-laden Nasdaq down the most ahead …
Wall Street ends lower, gold jumps as Fed minutes reveal cautious policy approach Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index was on pace to stem the tide of its recent downturn on Tuesday after minutes from the Federal Reserve’s most recent policy meeting showed the U.S. central bank was likely to maintain a restrictive stance on interest rates for some time. Fed officials said inflation remained …
CAPE TOWN (Reuters) -South African lawmakers voted on Tuesday in favour of closing down the Israeli embassy in Pretoria and suspending all diplomatic relations until a ceasefire is agreed in its war with Palestinian Islamist group Hamas in Gaza. The resolution is largely symbolic as it will be up to President Cyril Ramaphosa’s government whether …
South African lawmakers vote to suspend diplomatic ties with Israel, shut embassy Read More »
BRAZZAVILLE (Reuters) -At least 31 people were killed and dozens injured at a stadium in the Republic of Congo’s capital Brazzaville overnight, the government said on Tuesday, with local media reporting a stampede during an army recruitment drive. The government said the “tragedy” occurred on Monday night at the Ornano stadium, where army recruitment operations …
By Felix Onuah ABUJA (Reuters) – Nigerian and German companies on Tuesday signed two accords in Berlin that include a $500 million renewable energy pact and a gas export deal, further strengthening economic ties between the two nations, a presidential spokesperson said. Union Bank of Nigeria and Germany’s DWS Group signed a memorandum of understanding …
Nigeria and Germany sign $500 million renewable energy and gas deal Read More »
LONDON (Reuters) – Zambia’s debt restructuring has been a complex, three-year process, which suffered a serious setback on Monday when bilateral creditors, including China, effectively ordered it secure more debt relief from international funds that hold its sovereign bonds. Below is a condense timeline of key events : 2019-2020: Zambia faced challenges in repaying its …
LUANDA (Reuters) -Angola’s central bank increased its main interest rate from 17% to 18% on Tuesday, aiming to curb rising inflation which it hopes to get back into single digits in the medium term. Inflation climbed to 16.58% year-on-year in October from 15.01% in September. It had slowed significantly last year and over the first …
Angola central bank hikes rates as inflation continues to climb Read More »
ABUJA (Reuters) – Nigeria’s lower house of parliament passed the medium-term expenditure framework for 2024-2026 on Tuesday, a set of assumptions that will be used to prepare the country’s budget over the next three years. The document, which was agreed by President Bola Tinubu’s cabinet before going to the House of Representatives for approval, expects …
Nigeria lawmakers pass 2024-2026 budget framework with naira at 700 to dollar next year Read More »
By Carielle Doe MONROVIA (Reuters) – A car ploughed into a crowd celebrating the election victory of Liberia’s president-elect Joseph Boakai in the capital Monrovia on Monday evening, killing two people and injuring around 18 others, two hospital staff said. It was not immediately clear if the incident, which took place outside Boakai’s party headquarters, …
Car ploughs into supporters of Liberia’s president-elect killing two, say hospital staff Read More »
