By Herbert Lash and Nell Mackenzie NEW YORK/LONDON (Reuters) -The dollar eased and global equities rebounded on Friday as Wall Street rallied on doubts that interest rates will go higher even after Federal Reserve Chair Jerome Powell cautioned that tighter monetary policy might be needed to tame inflation. Powell’s remarks on Thursday that the fight …
Stocks rally, dollar eases as Wall Street shrugs off Powell Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar dipped against the euro on Friday but gained against the yen as investors evaluated comments by Federal Reserve Chair Jerome Powell that the central bank could hike rates again if inflation remains above its target. The Japanese currency also remained on watch for possible intervention as …
Dollar dips against euro, gains on yen as Fed policy stays in focus Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices gained about 2% on Friday as Iraq voiced support for OPEC+’s oil cuts ahead of a meeting in two weeks and as some speculators covered massive short positions ahead of weekend uncertainty. Still, prices settled with weekly losses of 4%, their third straight weekly decline. “This was …
Oil prices settle up as Iraq backs more output cuts from OPEC+ Read More »
By Felix Onuah ABUJA (Reuters) -Nigeria and Saudi Arabia on Friday agreed to a series of investment and cooperation deals, including a pledge by the Saudi government to invest in the revamp of Nigeria’s oil refineries and provide financial support to sustain the government’s foreign-exchange reforms. The agreements were reached at a bilateral meeting between …
Nigeria gets refineries investment, forex pledge from Saudi Arabia Read More »
CAIRO (Reuters) -Evacuations from the Gaza Strip into Egypt for foreign passport holders and for Palestinians needing urgent medical treatment were suspended on Friday, three Egyptian security sources and a Palestinian official said. The Palestinian official and an Egyptian medical source said the suspension was due to problems bringing medical evacuees to the Rafah border …
Evacuations from Gaza to Egypt suspended on Friday -sources Read More »
RIYADH (Reuters) -Saudi Arabia’s crown prince on Friday called for an end to the war in Gaza, a stance later echoed in a declaration with African leaders attending a summit in Riyadh. “We condemn what the Gaza Strip is facing from military assault, targeting of civilians, the violations of international law by the Israeli occupation …
Saudi crown prince, African leaders call for end to war in Gaza Read More »
MOGADISHU (Reuters) – The United Nations has described floods that uprooted hundreds of thousands of people in Somalia and neighbouring countries in East Africa following a historic drought as a once-in-a-century event. Around 1.6 million people in Somalia could be affected by the heavy seasonal downpours, which have been worsened by the combined impact of …
Once-in-a-century flooding swamps Somalia after historic drought -UN Read More »
By Patrick Werr and Sarah El Safty CAIRO (Reuters) – Egypt’s struggling economy faces new risks as the war in the neighbouring Gaza Strip threatens to disrupt tourism bookings and natural gas imports. Oil-rich Gulf countries, which repeatedly propped up Egypt’s finances with deposits over the past decade, had recently shifted to seeking profitable investments …
Analysis-Egypt’s stumbling economy faces new pressures from Gaza crisis Read More »
JOHANNESBURG (Reuters) -The South African rand fell on Friday, capping off a week of losses after hawkish comments from Federal Reserve Chair Jerome Powell helped the dollar rally and decreased risk appetite. At 1434 GMT, the rand traded at 18.7450 to the dollar, about 0.4% weaker than its previous close. The dollar last traded down …
South African rand extends losses after Powell speech Read More »
JOHANNESBURG (Reuters) -South Africa has called in Israel’s ambassador to discuss what it described as his recent “unfortunate conduct” linked to the war in Gaza, the foreign ministry in Pretoria said on Friday. The ministry said Eliav Belotsercovsky received the order on Thursday, but it did not go into details on his conduct. “Ambassador Belotsercovsky …
South Africa calls in Israeli ambassador to discuss conduct over Gaza war Read More »
