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U.S. approves potential sale of HIMARS rockets to Morocco for estimated $524.2 million

(Reuters) – The U.S. State Department has approved the potential sale of HIMARS artillery rocket systems and related equipment to Morocco in a deal valued at up to $524 million, the Pentagon said on Tuesday. The State Department has also approved the possible sale of Joint Stand Off Weapons and related equipment to Morocco for …

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G7 to discuss digital currency standards, crypto regulation

By Leika Kihara (Reuters) – Group of Seven (G7) advanced economies will consider how best to help developing countries introduce central bank digital currencies (CBDC) consistent with appropriate international standards, Japan’s top currency diplomat Masato Kanda said on Tuesday. The move will be among key themes of G7 discussions that Japan chairs this year, as …

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World stocks hope for Fed pause, dollar stalls

By Herbert Lash NEW YORK (Reuters) – A gauge of global stocks rose and bond yields edged higher on Tuesday as traders anticipate interest rates will soon peak even as the market bets that the U.S. Federal Reserve will tighten monetary policy further in May to tame inflation. Gold climbed back up above the key …

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Violent clashes in Ethiopia’s Amhara as unrest deepens

NAIROBI (Reuters) -Several people in Ethiopia’s Amhara region were shot on Tuesday during a sixth day of demonstrations against federal government plans to integrate local defence forces into the police and national army, a local official and a hospital worker said. Amhara, the second biggest of Ethiopia’s 11 regions, has been convulsed by days of …

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China in talks on emerging economy debt workout compromise -WSJ

(Reuters) – China is negotiating a compromise plan with other major creditors that could help break a logjam in debt-relief talks for struggling developing nations, the Wall Street Journal reported on Tuesday. Citing people familiar with the talks, the Journal said the new plan, if agreed, could see China drop its demand for multilateral lenders …

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Sudan fatwa call worries UN as Bashir loyalists up activity

By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) – The United Nations expressed concern on Tuesday about a request for a fatwa seeking the assassination of its head in Sudan, as loyalists of ousted leader Omar al-Bashir stepped up opposition to a draft deal for a new civilian government. In a video on social media, a …

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Oil rises about 2% with U.S. and China inflation in focus

By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose about 2% on Tuesday on hopes that the Federal Reserve might ease up on its policy tightening after a key U.S. inflation report this week, though concerns remain over Chinese demand. Brent crude futures settled up $1.43, or 1.7%, to $85.61 a barrel. U.S. West …

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Congo commission recommends terminating 30 forest concessions

KINSHASA (Reuters) – A ministerial commission in the Democratic Republic of Congo has recommended terminating 30 forest concessions due to alleged irregularities, it said in a preliminary report published on Tuesday. Congo is home to 60% of the world’s second-largest rainforest, making it a key player in the fight against climate change. It has been …

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Dollar dips ahead of inflation data due Wednesday

By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday as investors waited on inflation data for further signs of whether price pressures are ebbing and what it means for further Federal Reserve interest rate hikes. Consumer price data on Wednesday is expected to show headline inflation rose by 0.2% in March, while …

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South African rand gains as dollar slips ahead of U.S. inflation data

JOHANNESBURG (Reuters) -The South African rand gained against the dollar on Tuesday as the U.S. currency fell ahead of inflation data, which could provide some clues on the monetary policy trajectory of the Federal Reserve. At 1556 GMT, the rand traded at 18.3825 against the dollar, 0.58% stronger than its previous close. The dollar index, …

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