RAFAH, Gaza (Reuters) -People hoping to leave the Gaza Strip converged on the Rafah crossing to Egypt on Thursday, with those whose names were on a list vetted by Israel gradually passing through while others held up their foreign passports in vain. The crossing was open for limited evacuations for a second day under a …
Gaza evacuees crossing into Egypt fear for those left behind Read More »
JOHANNESBURG/LONDON (Reuters) – Fitch downgraded Ethiopia deeper into junk territory on Thursday to CC from CCC-, citing gaps in the country’s external financing that it said increased its likelihood of a default. Ratings in the CC bracket are seen as at imminent risk of default. Fitch cut the rating for the country’s foreign currency debt, …
Fitch downgrades Ethiopia on rising default risk Read More »
By Shariq Khan BENGALURU (Reuters) – Oil prices gained more than $2 a barrel on Thursday, breaking a three-day declining streak as risk appetite returned to financial markets a day after the U.S. Federal Reserve kept benchmark interest rates on hold. Brent crude futures rose $2.22, or 2.6%, to settle at $86.85 a barrel, while …
Oil rises nearly 3% after Fed, BoE keep rates unchanged Read More »
By Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar fell across the board on Thursday, as investors’ appetite for riskier currencies grew as they bet the Federal Reserve is done raising interest rates after holding them steady in the previous session. The Fed left interest rates unchanged on Wednesday as policymakers struggled …
Dollar weakens as risk appetite rises on view Fed rate hikes are done Read More »
(Reuters) -Egypt’s central bank, as widely expected, left its overnight interest rates unchanged on Thursday, saying it was focused on future rather than present inflation and that economic growth appeared to have been stable in the July-September quarter. The central bank’s Monetary Policy Committee (MPC) left the lending rate at 20.25% and the deposit rate …
Egypt’s central bank keeps interest rates unchanged Read More »
BANGUI (Reuters) – At least five civilians were killed when rebels attacked a town in northwest Central African Republic on Thursday, the latest reported escalation in a decade-long conflict, a local official said. Members of an alliance of armed groups known as the Coalition of Patriots for Change (CPC) assaulted the town of Moyenne Sido …
Central African Republic rebels kill at least five civilians in attack Read More »
ABUJA (Reuters) – Nigerian lawmakers on Thursday approved President Bola Tinubu’s $2.8 billion supplementary budget that includes new bulletproof cars for himself and his wife, drawing outrage from citizens grappling with a cost of living crisis. Tinubu sent the budget to the Senate and House of Represantives this week saying the extra funding was needed …
Nigerian lawmakers OK president’s extra spending request amid criticism Read More »
By Joe Bavier JOHANNESBURG (Reuters) – Africa wants the U.S. Congress to renew its flagship trade programme for the continent for at least 10 years, the African Union’s top trade official said on Thursday, adding that any modifications to the initiative should only be considered later. Speaking at the start of three days of meetings …
Africa-US trade programme needs at least 10-year extension, AU says Read More »
JOHANNESBURG (Reuters) – The South African rand jumped on Thursday against a weaker U.S. dollar as risk sentiment improved after the Federal Reserve left interest rates unchanged, analysts said. At 1504 GMT, the rand traded at 18.4300 against the dollar, about 0.5% stronger than its previous close. The rand had gained as much as 1% …
South African rand jumps after Fed holds rates, risk sentiment improves Read More »
NAIROBI (Reuters) – King Charles and Queen Camilla on Thursday watched UK-trained Kenyan marines stage a mock beach landing on the third day of their official visit to the former British colony. After two days in the capital Nairobi, Charles and Camilla travelled to the port city of Mombasa, the original capital of British East …
King Charles highlights British defence cooperation on third day of Kenya visit Read More »
