By Philbert Girinema, Andrew MacAskill and Michael Holden KIGALI/LONDON (Reuters) – Britain signed a new treaty with Rwanda on Tuesday which it said would overcome a court decision blocking its plan to deport asylum seekers to the East African country, a ruling that dealt a huge blow to the government’s immigration policy. The Rwanda scheme …
UK interior minister signs new Rwanda treaty to resurrect asylum plan Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices fell to a near five-month low on Tuesday on a stronger U.S. dollar and demand concerns, putting the market down for a fourth day in a row on doubts over OPEC+ announced voluntary supply cuts last week. “The OPEC+ deal did little to support prices and …
Oil falls to near 5-month low on OPEC+ cut doubts, demand concerns Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks declined for a second straight session and U.S. Treasury yields fell on Tuesday, as investors attempted to assess the policy path of major central banks and the trajectory of slowing economic growth. Softening economic data and recent comments from Federal Reserve officials, including …
Stocks, US yields fall as investors gauge economic health Read More »
By Hannah Lang (Reuters) -The U.S. dollar was higher against a basket of currencies on Tuesday, paring losses from a recent selloff in spite of data showing that U.S. job openings dropped in October to the lowest level since early 2021. Job openings, a measure of labor demand, fell 617,000 to 8.733 million on the …
Dollar up after weaker-than-expected jobs data, fueling rate bets Read More »
By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghanaian independent power producer Sunon Asogli said it has delayed for a week a threatened shutdown at its 560 MW gas-fired power plant after reaching an interim payment agreement for $60 million of its debt with the government. The company, which owns around 10% of the West African …
Ghana’s Sunon Asogli delays power plant shutdown after interim debt deal Read More »
BAMAKO (Reuters) – Mali and Niger have revoked two treaties with France for cooperation and administrative assistance in tax matters, their governments said in a statement on Tuesday. The two West African countries are both run by military juntas that seized power in coups and have been taking steps to distance themselves from former colonial …
Mali and Niger revoke tax cooperation treaties with France Read More »
JOHANNESBURG (Reuters) -The South African rand fell on Tuesday as third-quarter gross domestic product (GDP) contracted slightly more than expected and the U.S. dollar rose on global markets. At 1615 GMT, the rand traded at 18.9950 against the dollar, around 1% weaker than its previous close. The dollar last traded around 0.2% stronger against a …
South African rand falls as third-quarter GDP contracts Read More »
By George Obulutsa and Duncan Miriri NAIROBI (Reuters) -Kenya’s central bank unveiled a big interest rate hike on Tuesday aimed at stabilising the shilling currency, whose depreciation has spurred price pressures, curbed foreign investment and affected debt-servicing. The Central Bank of Kenya raised its policy rate by 2 percentage points to 12.5%, its first hike …
Kenya central bank tries to stabilise shilling with big rate hike Read More »
By Chris Mfula LUSAKA (Reuters) – Zambia’s president Hakainde Hichilema said on Tuesday he was still hopeful that at least 25 informal miners trapped four days ago by a mudslide at an open-pit copper mine were still alive, as rescue efforts continued. The miners at Seseli Mine in Chingola, about 400 km (250 miles) northwest …
Zambia’s president hopeful that trapped miners still alive Read More »
By Chris Mfula LUSAKA (Reuters) – Zambia’s Copperbelt Energy Corporation (CEC) will issue the southern African country’s first green bond by the end of the year, the power company said on Tuesday, with a $54 million note to be sold as part of a $200 million green bond programme. The proceeds will be used to …
COP28: Zambia’s first green bond to be issued by year-end by Copperbelt Energy Corp Read More »
