By Herbert Lash NEW YORK (Reuters) -Global stocks slipped on Wednesday, a day before the release of key U.S. inflation data, while the dollar eased after data showed the Chinese economy slipped into deflation last month. Wall Street traded lower on investor caution a day before the Consumer Price Index report for June. Some analysts …
Global stocks slip before CPI data, dollar dips on China selling Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar drifted lower on Wednesday in thin rangebound trading, with investors looking ahead to Thursday’s U.S. consumer prices report for indications on where the Federal Reserve’s monetary policy is headed. The greenback posted steeper losses earlier in the session, particularly after data showing the Chinese economy …
US dollar inches lower ahead of inflation report Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices hit new peaks on Wednesday with the global Brent benchmark touching its highest since January after a steep drawdown in U.S. fuel stockpiles and Saudi and Russian output cuts offset concerns about slow demand from China. Brent crude settled $1.38, or 1.6%, higher at $87.55 a barrel, its …
Oil hits new highs on US fuel demand, tighter supply Read More »
By Tife Owolabi YENAGOA (Reuters) – Nigeria LNG on Wednesday said the force majeure it declared in October due to widespread flooding that disrupted supply is continuing. Force majeure refers to unexpected external circumstances that prevent a party to a contract from meeting obligations “The force majeure still subsists as the unavailability of upstream gas …
Nigeria LNG’s force majeure declared in October to continue Read More »
NIAMEY (Reuters) – Nigerien tailor Yahaya Oumarou carefully ran cuts of white, blue and red fabric under his sewing machine, assembling them into the three horizontal bands of Russia’s flag. The flags have been in demand since President Mohamed Bazoum was toppled late last month in a military takeover, leading to some Russian support among …
Niger’s tailors rush to make Russian flags after coup Read More »
MILAN (Reuters) – Italian energy services group Saipem on Wednesday said it had won a new contract in Libya worth around $1 billion for the development of the Bouri Gas Utilisation Project (BGUP). The contract was awarded by Mellitah Oil & Gas B.V. Libyan Branch, a consortium of the National Oil Corporation of Libya and …
Italy’s Saipem wins $1 billion gas service contract in Libyan off-shore Read More »
NIAMEY (Reuters) – The party of Niger’s ousted president Mohamed Bazoum on Wednesday said Bazoum and his family were being detained under “cruel” and “inhumane” conditions at their residence, with no running water, no electricity and no access to fresh goods or doctors. The PNDS-Tarayya in a statement called for a nationwide mobilisation to save …
Niger’s ousted president, family in “cruel” detention conditions, his party says Read More »
By Gabriela Baczynska BRUSSELS (Reuters) -European Union countries have started laying the groundwork to impose the first sanctions on members of the junta that seized power in Niger last month, European sources told Reuters on Wednesday. The new military leaders have so far rejected international diplomatic efforts at mediation. Neighbouring countries backing the armed takeover …
EU starts preparing sanctions against Niger junta – sources Read More »
RABAT (Reuters) – Morocco’s renewable energy agency Masen launched a prequalification tender on Wednesday for the third phase of a solar power project in the Atlas mountains. The tender asks developers to submit prequalification documents by Oct. 20 to finance, build and operate the 400-megawatt (MW) Noor Midelt III using photovoltaic (PV) technology. Masen appointed …
Morocco tenders for 400 MW solar plant in Atlas Mountains Read More »
By Dawit Endeshaw ADDIS ABABA (Reuters) -Ethiopia’s military has pushed local militiamen out of two towns in the Amhara region, residents said on Wednesday, in its first big battlefield breakthroughs since fighting erupted last week. The Ethiopian National Defence Force (ENDF) gained control on Tuesday of the centre of Gondar, Amhara’s second-biggest city, and entered …
Ethiopian military pushes back militiamen in two Amhara towns Read More »
