By Duncan Miriri and George Obulutsa NAIROBI (Reuters) -Kenya’s finance minister on Thursday said the government will pay all debts when they fall due, and cut the budget deficit for the fiscal year starting next month to 4.4% from an estimated 5.8% in this financial year. In a budget speech that was briefly interrupted by …
Kenya finance minister vows to pay all due debts, cuts deficit Read More »
By Lefteris Papadimas and Stamos Prousalis KALAMATA, Greece (Reuters) -Rescuers scoured the seas off Greece on Thursday following a shipwreck that killed at least 78 migrants, as hopes of survivors dwindled and fears grew that hundreds more, including children, may have drowned inside the crowded vessel’s hold. Reports suggested between 400 and 750 people had …
Greece scours shipwreck site; hundreds feared drowned in boat’s hold Read More »
By Sinéad Carew and Marc Jones NEW YORK, LONDON (Reuters) – MSCI’s global index of stocks rose on Thursday to its highest level since April 2022 after strong U.S. economic data, but the dollar slid following the European Central Bank’s interest rate increase a day after the Federal Reserve paused its hikes. While U.S. jobless …
Stocks rally, dollar falls after U.S. data, ECB hike, hawkish Fed pause Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The euro hit a 15-year peak against the yen and a five-week high against the dollar on Thursday after the European Central Bank raised interest rates for the eighth straight time and signaled further tightening to bring euro zone inflation to its medium-term target of 2%. The ECB …
Euro advances, surges to 15-year peak vs yen, after ECB lifts rates Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices gained about 3% to a one-week high on Thursday on a weaker U.S. dollar and a jump in refinery runs in top crude importer China. Brent futures rose $2.47, or 3.4%, to settle at $75.67 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $2.35, or …
Oil futures up 3% on strong China refinery data, weaker US dollar Read More »
By Carien du Plessis , Chris Mfula and Elias Biryabarema JOHANNESBURG/LUSAKA/KAMPALA (Reuters) – Key African states stressed the need for grain imports to tackle food insecurity as Russian President Vladimir Putin prepares to discuss with the continent’s leaders the fate of a deal allowing the safe Black Sea export of food and fertiliser from Ukraine. …
Africa needs grain imports, key states say ahead of Putin talks Read More »
By Trevor Hunnicutt and Jarrett Renshaw WASHINGTON (Reuters) – A collection of the nation’s leading and biggest spending environmental groups endorsed President Joe Biden’s re-election bid on Wednesday, an early sign that he has consolidated their support despite some recent policy moves that angered climate activists. The League of Conservation Voters (LCV) Action Fund, billionaire …
Biden gets backing of leading environmental groups for re-election Read More »
By Deep Kaushik Vakil (Reuters) – Gold bounced back from a three-month low on Thursday as the dollar and bond yields moved lower after U.S. economic data, offering investors respite from a ‘hawkish pause’ on interest rates by the Federal Reserve. Spot gold gained 0.8% to $1,957.73 per ounce by 01:41 p.m. EDT (17:41 GMT) …
Gold survives Fed scare to move up on dollar, yields weakness Read More »
By David Morgan WASHINGTON (Reuters) – Republicans in the U.S House of Representatives on Thursday adopted government spending targets for the next fiscal year below the level agreed by Speaker Kevin McCarthy and Democratic President Joe Biden, setting up a fight with the Democratic-led Senate that could again risk a government shutdown. The House Appropriations …
U.S. House Republicans target deeper spending cuts, raising shutdown threat Read More »
By Francis Mascarenhas, Sumit Khanna and Gibran Naiyyar Peshimam MANDVI, India/KARACHI (Reuters) – Strong winds, heavy rain and high tides lashed India’s Gujarat coast late on Thursday as cyclone Biparjoy made landfall after authorities there and in neighbouring Pakistan had evacuated more than 180,000 people to safety. Deserted coastal towns were battered in the dark …
Cyclone Biparjoy damages power lines, uproots trees as it makes India landfall Read More »
