BENGALURU (Reuters) – India’s SBI Life Insurance Co Ltd reported a near-flat quarterly profit on Friday as higher expenses offset a surge in premium income. SBI Life, one of India’s largest life insurers, reported profit after tax of 3.8 billion rupees ($45.66 million) for the three months ended Sept. 30, compared with 3.77 billion rupees …
India’s SBI Life reports flat Q2 profit as higher expenses weigh Read More »
(Reuters) – Kenya’s shilling slid to a fresh low against the dollar on Friday, as broad foreign exchange demand from all sectors outweighed thin supply, traders said. At 0950 GMT, the shilling was trading at 150.35/55 per dollar, compared with Thursday’s closing rate of 150.20/40. Earlier in the session the shilling nudged a new all-time …
Kenyan shilling slides to fresh low on broad FX demand Read More »
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate on Thursday overwhelmingly rejected legislation that would have forced President Joe Biden to withdraw U.S. troops from Niger, a West African nation where military officers seized power in July. The measure was rejected by 86-11. The United States formally declared this month that there had been …
US Senate rejects bid to remove troops from Niger Read More »
By Lawrence Delevingne (Reuters) -Shares around the world fell and U.S. Treasury yields retreated on Thursday as investors digested mixed U.S. economic and corporate signals. The U.S. economy grew faster than expected in the third quarter, buoyed by robust consumer spending amid a resilient labor market and again defying dire warnings of a recession. But …
Stocks, Treasury yields retreat amid mixed earnings, economic data Read More »
By Erwin Seba HOUSTON (Reuters) -Oil prices fell more $2 a barrel on Thursday as fears of a wider Middle East conflict eased at the same time that U.S. demand showed signs of weakening. Brent crude futures settled at $87.93 a barrel, sliding $2.20 or 2.44%. On Wednesday, Brent settled nearly 2% higher. U.S. West …
Oil falls more than $2 on easing Middle East fears Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar was modestly higher against a basket of currencies on Thursday after data showed the U.S. economy grew at its fastest pace in nearly two years in the third quarter, once again defying dire warnings of a recession that have lingered since 2022. Gross domestic product …
Dollar edges up as US economic growth accelerates Read More »
By Camillus Eboh ABUJA (Reuters) -Nigeria’s Supreme Court on Thursday upheld President Bola Tinubu’s election win, bringing to an end a legal challenge brought by his two main rivals, who argued that his victory was marred by irregularities. The ruling will give 71-year-old Tinubu a clear mandate to govern Africa’s most populous nation, which is …
Nigerian Supreme Court affirms President Tinubu’s election win Read More »
By Sonia Rolley and Felix Njini (Reuters) -Chemaf SA, a miner and long time-partner of commodities trader Trafigura, is up for sale as it deals with a cash crunch, according to a document seen by Reuters on Thursday. The privately-owned copper and cobalt miner has asked for offers to wholly acquire the company, it said …
Trafigura’s Congo partner Chemaf could seek buyers amid cash crunch Read More »
JOHANNESBURG (Reuters) -South Africa’s rand firmed on Thursday, recouping losses from the previous session, with investor focus turning to the mid-term budget next week. At 1704 GMT, the rand traded at 18.9825 against the dollar, about 0.7% stronger than its previous close. The dollar was last up more than 0.2% against a basket of global …
S. African rand firms as focus turns to next week’s mid-term budget Read More »
N’DJAMENA (Reuters) -Chad has dismissed Petroleum and Energy Minister Djerassem le Bemadjiel, the government said in a decree on Thursday. It did not give a reason or name a replacement. The government also said that Daoud Hamid Dabou was named Chairman of the Board of Directors of the Société des Hydrocarbures du Tchad, the state …
Chad dismisses oil minister in government decree Read More »
