By Tarek Amara TUNIS (Reuters) – Tunisia’s central bank will no longer have the exclusive power to adjust interest rates or foreign exchange policy, and must only take such action in consultation with the government, but it will be allowed to finance the treasury, a bill proposed by lawmakers showed on Friday. The step is …
By Hereward Holland and Ammu Kannampilly NAIROBI (Reuters) -Kenya’s senate voted to dismiss Deputy President Rigathi Gachagua from office by impeachment on five out of 11 charges levelled against him on Thursday, in an unprecedented move that risks pushing the country towards a political crisis. The National Assembly voted last week to impeach Gachagua, who …
Kenya senate votes to remove deputy president from office by impeachment Read More »
By Karen Brettell and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar surged to a fresh 11-week high on Thursday after data showed U.S. retail sales rose in September, reinforcing expectations that the Federal Reserve will pursue modest interest rate cuts over the next year and a half as the world’s largest economy remained …
US dollar buoyed by retail sales data, euro falls as more cuts underway Read More »
By Stephen Culp NEW YORK (Reuters) -The S&P 500 and the Nasdaq pared their gains to end essentially unchanged on Thursday, while the Dow notched a record closing high as investors parsed an array of mixed quarterly earnings and digested a series of robust economic reports. Gold hit a record high as the safe-haven metal …
S&P 500, Nasdaq lose steam, Dow nabs closing record, gold hits all-time high Read More »
WASHINGTON (Reuters) – The International Monetary Fund reached a staff-level agreement with Tanzania on a review that will make about $265.8 million available to the African country, the IMF said in a statement on Thursday. (Reporting by Jasper Ward; editing by Kanishka Singh)
NAIROBI (Reuters) – Kenya’s Senate on Thursday voted to dismiss Deputy President Rigathi Gachagua from office by impeachment on the first of 11 charges levelled against him, in an unprecedented move that risks pushing the country towards a political crisis. (Reporting by Ammu Kannampilly; editing by Jonathan Oatis)
By Nicole Jao NEW YORK (Reuters) -Oil prices inched up on Thursday, bouncing back from two-week lows, after data showed falling crude and fuel inventories in the United States. Brent crude futures settled at $74.45 a barrel, up 23 cents, or 0.31%. U.S. West Texas Intermediate crude futures settled down 28 cents, or 0.4%, at …
Oil prices edge higher on US crude stockpiles draw Read More »
JOHANNESBURG (Reuters) -South African grocery retailer Pick n Pay on Thursday forecast a wider half-year headline loss, but said it expects its full-year result before tax and capital items to show a meaningful improvement on the prior year. The company did not indicate whether it expected a profit or a loss for the full year. …
South Africa’s Pick n Pay sees wider H1 headline loss Read More »
DAKAR (Reuters) – Rwanda’s outbreak of the deadly Marburg virus is easing after vaccinations of the most vulnerable people including healthcare workers, but mpox cases are still spreading to new African countries, Rwanda’s health minister and the Africa Centres for Disease Control and Prevention’s head said on Thursday. In early October, Rwanda began administering vaccine …
Rwanda’s Marburg cases decline but mpox spreading in Africa, health officials say Read More »
MOGADISHU (Reuters) – At least seven people died and six were wounded after a suicide bomber blew himself up in a restaurant in Somalia’s capital on Thursday, local police said in a statement. It was not immediately clear who had carried out the attacks, although Islamist militant group al Shabaab frequently orchestrates bombings and gun …
