By Stephen Culp NEW YORK (Reuters) – Wall Street stocks wobbled to a mixed close and the dollar bounced back on Friday as market participants caught their breath at the end of a week loaded with central bank policy decisions and crucial economic data. Treasury yields edged down past multi-month lows. Euphoria over the U.S. …
US stocks end mixed, nab seventh week of gains as dollar rebounds Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar rebounded on Friday after Federal Reserve Bank of New York President John Williams pushed back against the market’s rate cut expectations, though the dollar index remained on track for its worst weekly performance in a month. The dollar tumbled broadly after updated interest rate projections of Fed …
Dollar rebounds as Fed’s Williams talks down rate cuts Read More »
By Khalid Abdelaziz DUBAI (Reuters) -Sudan’s army was trying to hold off attacks by the Rapid Support Forces (RSF) on Friday near Wad Madani, a major city in a region that had been sheltered from fighting and taken in hundreds of thousands of civilians during eight months of war. Clashes in the area, about 170 …
Sudan’s RSF advances on Wad Madani as eight-month-old war spreads Read More »
ABUJA (Reuters) – The World Bank’s fund for poor countries plans to provide a credit of $750 million for clean energy projects in Nigeria to increase to electricity in Africa’s most populous nation, the International Development Association said on Friday. The bank said that more than 85 million people lacked access to electricity in Nigeria …
World Bank to provide $750 million for clean energy projects in Nigeria Read More »
NIAMEY (Reuters) – Niger’s military leaders have agreed a plan for restoring democratic rule which will be presented to regional bloc ECOWAS for approval, Togo’s foreign minister Robert Dussey said. Dussey went to Niger to negotiate with the junta on behalf of the Economic Community of West African States (ECOWAS), which is pushing for a …
Niger junta agrees plan to restore democracy, Togo minister says Read More »
By Djaffar Al Katanty, Sonia Rolley and Ange Kasongo GOMA/KINSHASA (Reuters) – As Democratic Republic of Congo gears up for elections next week, the opposition and independent observers warn that issues including illegible voter cards, blocked campaign planes, and electoral list delays threaten the legitimacy of the results. For months, the CENI election commission has …
NIAMEY (Reuters) -A West African court ruled on Friday that the ousted president of Niger, Mohamed Bazoum, and his family were arbitrarily detained and called for a return to democratic rule through his reinstatement. Bazoum was toppled during a military coup on July 26. He and his family have since been in detention without access …
West Africa court orders reinstatement of ousted Niger leader Bazoum Read More »
By Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria’s annual inflation rose in November for the 11th straight month to the highest level in 18 years, adding pressure on the central bank to tackle the rise amid a worsening cost-of-living crisis in Africa’s largest economy. Consumer inflation rose to 28.20% in November from 27.33% in October, data from …
Nigeria’s November inflation rises to 18-year high on surging food prices Read More »
By Camillus Eboh ABUJA (Reuters) -Nigeria’s Supreme Court on Friday overturned a judgment by a lower court that dropped terrorism charges against separatist leader Nnamdi Kanu, ruling that trial on the charges should continue. Kanu, a British citizen who leads the banned Indigenous People of Biafra (IPOB), disappeared from Nigeria after skipping bail in 2017. …
Nigeria Supreme Court blocks release of separatist leader Kanu Read More »
NAIROBI – The Kenyan shilling weakened on Friday, mainly due to increased demand for hard currency from oil and manufacturing importers, traders said. At 0915 GMT, commercial banks quoted the shilling at 153.50/70, compared with Thursday’s closing rate of 153.40/60. (Reporting by Giulia Paravicini; Editing by Aaron Ross)
