By Tannur Anders and Rachel Savage JOHANNESBURG (Reuters) – South Africa’s rand weakened on Wednesday after worse-than-expected March retail sales data, and as the dollar hit a six-week high. At 1519 GMT, the rand traded at 19.2550 against the dollar, around 0.93% weaker than its previous close. On Wednesday, the dollar reached a high of …
South African rand drops after retail sales data, dollar gains Read More »
By Maxwell Akalaare Adombila and Christian Akorlie ACCRA (Reuters) -The International Monetary Fund’s executive board on Wednesday approved a $3 billion, three-year loan program for Ghana, allowing for an immediate disbursement of about $600 million and a potential path out of the West African country’s worst economic crisis in a generation. The IMF said in …
IMF approves $3 billion Ghana loan, with $600 million immediate payout Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street rallied to a higher close on Wednesday, gathering momentum throughout the afternoon trading, and the dollar touched a six-week high as regional banks surged and negotiations in Washington over raising the debt ceiling progressed. All three major U.S. stock indexes rallied to end up more than …
Wall St ends sharply higher, dollar hits seven-week high as debt limit talks advance Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose to a seven-week high on Wednesday, boosted by optimism about a deal to extend the debt ceiling and avert a U.S. default and amid a round of solid economic data that suggests rate cuts from the Federal Reserve could come later rather than sooner. The …
US dollar scales seven-week peak after solid data, debt-ceiling optimism Read More »
TUNIS (Reuters) – Tunisian president Kais Saied pledged on Wednesday to guarantee the safety of Jewish citizens and their temples, after meeting the country’s chief rabbi in the wake of a deadly attack at a synagogue. Last Tuesday a National Guardsman killed two Jewish visitors and two policemen at the synagogue on Djerba island – …
Tunisia president pledges safety for Jewish citizens after synagogue attack Read More »
By Laura Sanicola (Reuters) -Oil prices settled up about $2 on Wednesday as optimism over oil demand and U.S. debt ceiling negotiations outweighed worries about abundant supply. Brent crude futures settled up $2.05, or 2.7%, to $76.96 a barrel. West Texas Intermediate U.S. crude settled up $1.97 or 2.8% to $72.83. “Today’s strong oil trade …
Oil settles up $2 on optimism about US debt ceiling, demand Read More »
WASHINGTON (Reuters) -At least four Nigerians were killed in an attack on a convoy of two U.S. government vehicles in Nigeria on Tuesday, U.S. Secretary of State Antony Blinken said, adding that the attack did not appear to be directed at the U.S. mission there. In a statement on Wednesday, Blinken said the U.S. mission …
At least four Nigerians killed in attack on U.S. convoy -Blinken Read More »
MOGADISHU (Reuters) – Floods have caused almost a quarter of a million people to flee their homes after the Shabelle river in central Somalia broke its banks and submerged the town of Beledweyne, even as the country faces its most severe drought in four decades, according to the government. Aid agencies and scientists have warned …
Almost 250,000 flee floods in Somali city that ‘became like an ocean’ Read More »
KHARTOUM/GENEVA (Reuters) -The United Nations said on Wednesday more than half Sudan’s population now needed aid and protection, as civilians sought shelter from air strikes and sporadic clashes between rival military factions in the Khartoum area. Residents said power had been cut, food was in short supply, and drinking water scarce due to the violent …
UN seeks $3 billion for Sudan as fighting rages in Khartoum Read More »
JOHANNESBURG (Reuters) – South African retail sales fell 1.6% year on year in March after falling by a revised 0.7% in February, Statistics South Africa figures showed on Wednesday. On a month-on-month basis, sales decreased 0.7%. Sales in the three months to the end of March were down 1.0% compared with the same period last …
South African retail sales fall 1.6% year on year in March Read More »
