Reuters Africa

DAKAR (Reuters) – The International Monetary Fund on Wednesday said a staff team had visited Senegal to start assessing the implications of data revisions resulting from a government audit of past and current IMF-supported programs. While the certification of the government’s findings is pending, IMF staff will continue to work closely with the authorities in …

IMF staff team has started assessing implications of Senegal financial audit, IMF says Read More »

By Stephen Culp NEW YORK (Reuters) -U.S. stocks ended higher in opposition to their global counterparts on Wednesday, and crude extended its decline on projected softening demand. Megacap growth stocks faltered, limiting the tech-heavy Nasdaq’s advance. Economically sensitive sectors helped propel the S&P 500 and the Dow to more substantial gains, with the latter eking …

US stocks end up with Dow nabbing record closing high, as crude weakness persists Read More »

By Camillus Eboh and Ahmed Kingimi (Reuters) -A fuel tanker overturned late on Tuesday in Nigeria’s northern state of Jigawa after the driver lost control of the vehicle, spilling petrol which exploded and killed at least 147 people, police and state emergency services said on Wednesday. The accident is one of the worst in recent …

Fuel tanker accident kills at least 147 in Nigeria Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar firmed on Wednesday, hitting an 11-week high, as investors ruled out a hefty interest rate cut from the Federal Reserve at the next policy meeting and priced in a potential election victory by former President Donald Trump. Sterling, meanwhile, tumbled to its lowest in two months …

US dollar rallies on Fed outlook, potential Trump win; inflation weighs on pound Read More »

By Nupur Anand, Duncan Miriri NEW YORK/NAIROBI (Reuters) -JPMorgan Chase, the largest U.S. lender, plans to enter Kenya and Ivory Coast this year and grow its footprint in Africa, CEO Jamie Dimon told Reuters. International markets are a growth area for JPMorgan, which has more than $4.2 trillion in assets and operates in over 100 …

Exclusive-Jamie Dimon charts JPMorgan expansion plan into Africa Read More »

CAIRO (Reuters) -Egypt’s President Abdel Fattah al-Sisi named Major General Hassan Mahmoud Rashad as head of the powerful general intelligence agency on Wednesday, appointing the outgoing chief Abbas Kamel as an adviser to the presidency. The agency has played a leading role under Sisi, handling foreign-policy matters including conflicts in Gaza, Sudan and Libya, as …

Egypt’s Sisi replaces head of powerful general intelligence agency Read More »

By Gleb Bryanski MOSCOW (Reuters) – Russia is seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western sanctions when it hosts the group’s leaders at a summit next week. President Vladimir Putin is keen to build up BRICS – which has expanded to include Egypt, …

At BRICS summit, Russia to push to end dollar dominance Read More »

MOSCOW (Reuters) – Russian President Vladimir Putin will host a summit of BRICS leaders next week, seeking support in his standoff with the West from the expanded group that now represents about a third of global economic output. Russia says the event will be attended by leaders from Brazil, India, China, South Africa, Egypt, Ethiopia, …

Factbox-What proposals will Russia push at the BRICS summit? Read More »

By Tom Westbrook SINGAPORE (Reuters) – Asian stocks traded cautiously and bonds fell on Thursday while investors waited on more detail of China’s stimulus plans and for a European Central Bank meeting later in the session. The dollar bounced from lows after a survey showed U.S. business activity picking up in January. The Canadian dollar …

China stocks bounce loses steam; focus turns to ECB Read More »

By Tom Westbrook SINGAPORE (Reuters) – Asian stocks traded cautiously and bonds fell on Thursday while investors waited on more detail of China’s stimulus plans and for a European Central Bank meeting later in the session. The dollar bounced from lows after a survey showed U.S. business activity picking up in January. The Canadian dollar …

China stocks bounce loses steam; focus turns to ECB Read More »