By Khalid Abdelaziz and Mohamed Nureldin KHARTOUM (Reuters) -A week-long ceasefire in Sudan got off to a shaky start on Monday as witnesses in the capital Khartoum reported fighter jets flights over the city and continued fighting in some areas. Heavy bombardments could be heard in east Khartoum, witnesses said, and one resident shared a …
Sudan ceasefire starts precariously as continued fighting reported Read More »
By Li Gu and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Chinese companies’ plans to raise capital via listings in London or Zurich are in jeopardy after Beijing mandated new disclosure rules, put curbs on the use of the funds and made issuances liable to national security reviews, bankers and lawyers said. A total of 18 Chinese …
New rules to dampen Chinese interest to list in Europe, say bankers Read More »
By Kirsty Needham (Reuters) – U.S. Secretary of State Antony Blinken said a defence cooperation pact signed with Papua New Guinea on Monday would expand the Pacific island nation’s capabilities and make it easier for the U.S. military to train with its forces. Blinken and Indian Prime Minister Narendra Modi held separate meetings with 14 …
U.S., Papua New Guinea sign defence pact at Pacific summit Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar rose against the Japanese yen on Monday, holding just below a six-month high, as investors waited on fresh data to signal whether the U.S. Federal Reserve is likely to continue hiking interest rates, while watching for news of a congressional deal to raise the U.S. debt …
Dollar gains against yen as Fed policy, debt ceiling in focus Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices edged up 1% on Monday with a rise in U.S. gasoline futures and forecasts for oil demand to rise in the second half of the year, while supplies from Canada and OPEC+ declined in recent weeks. Oil prices, however, were held in check by a stronger dollar …
Oil rises 1% as supplies shrink, demand seen higher Read More »
By MacDonald Dzirutwe LAGOS (Reuters) -Nigeria commissioned Dangote Refinery on Monday amid hopes of transforming the country into a net exporter of petroleum products, but analysts said securing crude supplies could affect it achieving full production this year. The government of outgoing President Muhammadu Buhari sees the refinery as the answer to Nigeria’s repeated fuel …
Nigeria commissions Dangote refinery, seeks to end fuel imports Read More »
By Seher Dareen (Reuters) – Gold prices inched lower as hawkish comments from two U.S. Federal Reserve officials on Monday weighed on non-yielding bullion and markets looked for more clarity around U.S. debt ceiling negotiations. Spot gold was down 0.1% to $1,974.90 per ounce by 2:13 p.m. ET (1813 GMT). U.S. gold futures settled 0.2% …
Gold dips as Fed officials suggest higher-for-longer US rates Read More »
By Abu Arqam Naqash MUZAFFARABAD, Pakistan (Reuters) – Hundreds of people rallied in Pakistan-administered Kashmir on Monday to protest arch rival India’s decision to host a G20 tourism meeting in its part of the disputed Himalayan region, said a government official. New Delhi is hosting the key conference in Kashmir’s summer capital Srinagar from Monday …
Hundreds rally in Pakistan-ruled Kashmir against India G20 meet Read More »
BEIJING (Reuters) -The president of minerals-rich Democratic Republic of Congo, Felix Tshisekedi, will visit China from May 24 to 29 and is expected to meet President Xi Jinping to review and sign several key trade deals. A meeting would pave the way for the two countries to formally overhaul and seal a $6 billion infrastructure-for-minerals …
Congo leader to visit China this week, minerals trade deal signing expected Read More »
By Arpan Chaturvedi and Dhanya Skariachan NEW DELHI (Reuters) -An Indian appeals tribunal upheld insolvency proceedings against Go First on Monday, throwing a spanner in the works for the airline’s lessors, who are attempting to take back their planes. At least three leasing companies, including SMBC Aviation Capital, had challenged a tribunal ruling granting Go Airlines …
Indian tribunal upholds Go First bankruptcy in setback to lessors Read More »
