By Wendell Roelf and Toby Sterling AMSTERDAM/CAPE TOWN (Reuters) -South Africa asked the International Court of Justice (ICJ) on Friday for an urgent order declaring that Israel was in breach of its obligations under the 1948 Genocide Convention in its crackdown against the Palestinian group Hamas in Gaza. The ICJ, sometimes known as the World …
South Africa files genocide case against Israel at World Court Read More »
By Nicole Jao NEW YORK (Reuters) -Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world. Brent crude on Friday, the last trading day of the year, settled at $77.04 a barrel, down 11 cents …
Oil prices shed 10% in 2023 as supply, demand concerns weigh Read More »
By Lawrence Delevingne and Alun John (Reuters) -Global shares pulled back on the last trading day of the year but notched their biggest annual rise since 2019, while U.S. Treasuries finished the year broadly where they started after major swings for the benchmark in 2023. Shares around the world have risen sharply in the last …
Shares dip to cap stellar year; Treasuries end volatile 2023 flat Read More »
By Karen Brettell and Samuel Indyk NEW YORK/LONDON (Reuters) -The dollar edger higher on Friday but is set to end 2023 with its first yearly loss since 2020 against the euro and a basket of currencies, on expectations the U.S. Federal Reserve will begin cutting rates next year as inflation moderates. Questions for 2024 will …
By Isaac Anyaogu LAGOS (Reuters) – Nigerian oil producers will be required to supply 483,000 barrels per day (bpd) to local refineries in the first six months of 2024, new regulations showed on Friday, as Africa’s largest oil exporter seeks to guarantee supplies for local refining. The Dangote oil refinery and at least three government-run …
Nigerian oil firms to be required to supply 483,000 bpd to local refineries Read More »
DUBAI (Reuters) – Two international aid organisations say that their facilities have been looted and they have suspended operations in an area of Sudan where the paramilitary Rapid Support Forces (RSF) recently advanced in its war with the army. The halting of operations by the U.N. World Food Programme (WFP) and Medical charity MSF in …
Aid agencies report looting, suspend operations in Sudanese state Read More »
By Abraham Achirga ABUJA (Reuters) – Nigerian Catholic couple Jane and Lucy have little hope their local parish church will bless their same-sex union anytime soon, as conservative priests across Africa choose to ignore a landmark Vatican ruling allowing such blessings. Conservative Catholics have condemned the Vatican’s declaration two weeks ago, which was approved by …
In Nigeria and much of Africa, Catholic same-sex couples see no blessings soon Read More »
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s foreign exchange reserves dipped to a six-year low of $32.87 billion at the end of December, data showed on Friday, as the central bank sold dollars to try to prop up the ailing naira currency. A backlog of unsettled forwards, undelivered promises of dollar inflows and a two-decade …
Nigeria’s FX reserves dip to six-year low as naira falls Read More »
JOHANNESBURG (Reuters) – South Africa’s rand strengthened in thin trade on the last day of trading for the year on Friday, helped by positive domestic economic data. At 1320 GMT, the rand traded at 18.40 against the US dollar, about 0.8% stronger than its previous close. But the rand is down about 7.5% against the …
South African rand firmer in light trade, but down 7.5% in 2023 Read More »
NAIROBI (Reuters) – Kenya’s economy grew 5.9% year-on-year in the third quarter of this year, compared to 4.3% growth in the same quarter of 2022, official data showed on Friday. “This growth was mainly supported by a rebound in agricultural activities that had contracted in 2022,” the Kenya National Bureau of Statistics (KNBS) said in …
Kenyan economic growth rises to 5.9% year-on-year in Q3 Read More »
