By Rachel Savage JOHANNESBURG (Reuters) – The development bank founded by the so-called BRICS countries closed the auction for its first South African rand bonds on Tuesday, as it comes under pressure to boost its local currency fundraising and lending. The New Development Bank’s (NDB) two bonds, a 1 billion rand ($52.3 million) five-year note …
‘BRICS bank’ issues first South African rand bonds Read More »
By Felix Onuah (Reuters) -Niger’s junta on Tuesday said that it was open to talks to resolve a regional crisis caused by last month’s military coup, while Russia and the United States called for a peaceful resolution. Western powers and democratic African governments have called for the coup leaders to reinstate ousted President Mohamed Bazoum, …
Niger junta says open to talks as Putin, US stress peace Read More »
TRIPOLI (Reuters) -Two powerful armed factions battled in Libya’s capital on Tuesday in the city’s worst violence this year, but the deadly clashes calmed after one side released a commander whose detention had triggered the fighting. A Tripoli health agency said 27 people were killed and more than 100 injured in the violence, without saying …
Libyan factions pause Tripoli battle with 27 dead Read More »
By Felix Onuah ABUJA (Reuters) – Google plans to train 20,000 Nigerian women and youth in digital skills and provide a grant of 1.2 billion naira ($1.6 million) to help the government’s create one million digital jobs in the country, its Africa executives said on Tuesday. Nigeria plans to create digital jobs for its teeming …
Google to train 20,000 Nigerians in digital skills Read More »
By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell over 1% on Tuesday on sluggish Chinese economic data coupled with fears that Beijing’s unexpected cut in key policy rates was not sufficiently substantial to rejuvenate the country’s sputtering post-pandemic recovery. Brent crude futures fell $1.32, or 1.5%, to settle at $84.89 a barrel, while …
Oil drops over 1% on worries about Chinese economy Read More »
By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks fell and oil slid over 1% on Tuesday as investors renewed fresh concerns over whether the Federal Reserve was done hiking interest rates and the resilience of China’s economy. All three major U.S. equity indexes ended the trading day lower, after a stronger-than-expected report on U.S. retail sales …
Wall Street, oil slide as investors eye rates, China economy Read More »
By Patrick Werr CAIRO (Reuters) -Egypt is offering a minimum $5,000 fee for Egyptians living abroad who wish to clear their military service obligations and a U.S. dollar pension plan also aimed at its citizens abroad, in a series of fresh measures designed to boost foreign currency inflows. Over the past few months, state-owned banks …
To raise scarce dollars, Egypt looks to pension plans, draft evaders Read More »
(Reuters) -More than 1 million people have fled Sudan to neighbouring states and people inside the country are running out of food and dying due to lack of healthcare after four months of war, the United Nations warned on Tuesday. Fighting between the Sudanese army and the paramilitary Rapid Support Forces (RSF) has devastated the …
Sudan ‘spiralling out of control’ as 1 million flee country -UN Read More »
By Hannah Lang WASHINGTON (Reuters) – The dollar index was flat after data showed U.S. retail sales increased more than expected in July, while the yuan sank to a nine-month trough on Tuesday after China’s central bank unexpectedly cut key policy rates. U.S. retail sales jumped 0.7% last month, the Commerce Department said, demonstrating that …
Dollar flat after retail sales data, yuan falls to 9-month low Read More »
By Felix Onuah ABUJA (Reuters) – Nigeria is facing dollar liquidity issues in its foreign exchange market due to “gross mismanagement” at the central bank over several years, a presidential spokesman said on Tuesday. President Bola Tinubu has launched a probe of the central bank under suspended and detained governor Godwin Emefiele after criticising its …
Nigeria president spokesman says FX issues due to ‘gross mismanagement’ at central bank Read More »
