By Chris Prentice and Yoruk Bahceli NEW YORK (Reuters) -U.S. Treasury yields rose to decade highs, European equities recovered from a six-week low and the Nasdaq jumped more than 1% on Monday as investors awaited a Federal Reserve meeting on Friday at Jackson Hole, Wyoming. Wall Street trading was mixed, with the Dow Jones Industrial …
US yields hit decade highs; European shares and Nasdaq rise Read More »
ABUJA (Reuters) -West Africa’s main regional bloc, ECOWAS, has rejected a proposal by Niger’s military junta to hold elections within three years, extending a political impasse that could trigger a military intervention if no agreement is reached following a July coup. ECOWAS and other international powers have been seeking diplomatic solutions to the July 26 …
West Africa’s ECOWAS rejects Niger junta’s proposed three-year delay for elections Read More »
By Laura Matthews NEW YORK (Reuters) – The dollar inched lower against a basket of its peers on Monday, snapping a five-week winning streak, as investors bided time ahead of the U.S. Federal Reserve’s Jackson Hole, Wyoming, symposium starting on Friday, with expectations that central banks could keep rates higher for longer. The dollar index, …
US dollar slips as traders cautious before Fed’s Jackson Hole symposium Read More »
(Reuters) – Russian mercenary chief Yevgeny Prigozhin posted his first video address since leading a short-lived mutiny in late June, appearing in a clip – possibly shot in Africa – on Telegram channels affiliated with the Wagner group on Monday. Prigozhin is seen standing in a desert area in camouflage and with a rifle in …
Russia’s Prigozhin posts first video since mutiny, hints he’s in Africa Read More »
By Erwin Seba HOUSTON (Reuters) – Brent and U.S. crude oil finished on Monday at a loss, as hopes for Chinese demand faded “It seems that (China’s recovery) is not going to happen,” said John Kilduff, partner at Again Capital. “It’s doubtful they’re going to be buying. They bought a lot of crude for storage …
Crude oil settles lower as hope fades for Chinese demand Read More »
By Joe Bavier JOHANNESBURG (Reuters) – An expansion of the BRICS bloc under consideration at a summit this week has attracted a motley crew of potential candidates – from Iran to Argentina – with one thing in common: a desire to level a global playing field many consider rigged against them. The list of grievances …
BRICS expansion hopefuls seek to rebalance world order Read More »
JOHANNESBURG (Reuters) -The South African rand eased on Monday, at the start of a week when Johannesburg hosts the BRICS summit of emerging market economies and the government releases monthly inflation figures. At 1545 GMT, the rand traded at 19.0150 against the dollar, about 0.1% weaker than its previous close. The dollar was trading up …
By Nyasha Chingono and Nelson Banya HARARE (Reuters) – Zimbabweans vote next week in an election many hope could end the country’s lengthy economic crisis, but those expectations are tempered by concerns that the contest is skewed in favour of a party that has been in power for more than four decades. Mineral-rich Zimbabwe was …
Zimbabwe opposition hopes election will break ruling party stranglehold Read More »
By Felix Onuah ABUJA (Reuters) – Nigerian President Bola Tinubu on Monday swore in 45 ministers to a new cabinet that must get to grips with tackling the problems of sluggish growth, a weak currency and high inflation in Africa’s largest economy. The country also faces widespread insecurity, including the theft of crude oil by …
Nigeria’s Tinubu swears in 45 ministers amid concerns over growth, insecurity Read More »
By Felix Njini NAIROBI (Reuters) -Thungela Resources, South Africa’s largest shipper of coal burned in power stations, said it would push ahead with plans to acquire new assets even as lower prices and challenges moving the fossil fuel to local ports squeeze profits. The Johannesburg-based miner’s plans to diversify geographically have not changed despite coal …
Thungela pushes ahead with acquisition plans even as coal prices fall Read More »
