KAMPALA (Reuters) – The Ugandan shilling firmed on Thursday, boosted by inflows of hard currency from charities and exporters of commodities like coffee and gold, traders said. At 0728 GMT, commercial banks quoted the shilling at 3,666/3,676, compared to Wednesday’s close of 3,673/3,683. (Reporting by Elias Biryabarema; Editing by Bhargav Acharya)
By Andrew Goudsward WASHINGTON (Reuters) – President-elect Donald Trump asked a Georgia Appeals Court on Wednesday to end the criminal case against him in that state for attempting to overturn his 2020 election loss. Lawyers for Trump argued that his continued prosecution by Fulton County District Attorney Fani Willis, who has also charged several of …
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(Reuters) – West Africa-focused Tullow Oil said on Thursday Chief Executive Officer Rahul Dhir will step down and also resign from the board next year. The board has initiated a process to find a successor for Dhir, who was appointed as CEO in 2020. Dhir will stay in his role until a date has been …
(Reuters) – Hyundai Motor India said on Thursday it would hike prices across all its models by up to 25,000 rupees ($295.07), as the newly-listed automaker seeks to mitigate the impact of rising costs. The price increase will come into effect from Jan. 1, 2025, the country’s No.2 carmaker by market share said. “With the …
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By Nidhi Verma NEW DELHI/MOSCOW (Reuters) – Three trading houses have become dominant sellers of Russian oil to India as many smaller players dropped out of the business due to high funding costs in Russia and lack of access to Western funds, according to data and six trading sources. The change reverses a trend of …
LONDON (Reuters) – Business leaders globally are worried about the risk of recession, labour shortages and rising inflation, despite some signs of improvement in economic conditions, a World Economic Forum survey said on Thursday. Extreme weather events are an increasing concern, following a year of record temperatures, severe flooding and wildfires, including in major economies …
Business leaders fear recession, labour shortages, World Economic Forum says Read More »
NAIROBI (Reuters) – The Kenyan shilling was steady on Thursday, supported by dollar inflows from diaspora money transfers and tea exports, traders said. The shilling traded at 129.00/129.50 per dollar at 0657 GMT, the same as Wednesday’s closing rate. (Reporting by Sonia Rao; Editing by Elias Biryabarema)
A look at the day ahead in European and global markets from Tom Westbrook One bitcoin will now set you back six figures. The cryptocurrency’s break above the $100,000 milestone has felt inevitable since Donald Trump’s election as the next U.S. president on a crypto-friendly platform. While it is just a number, it highlights how …
By Gaurav Dogra (Reuters) – Asian stocks were under selling pressure from foreign investors for a second consecutive month in November amid worries over potential U.S. tariff hikes on regional exports under the incoming Donald Trump administration next year. Foreigners net withdrew $15.88 billion out of equity markets in Taiwan, South Korea, India, Thailand, Indonesia, …
Asian stocks see heavy outflows for second straight month in November Read More »
WASHINGTON (Reuters) – U.S. President-elect Donald Trump said on Wednesday he has chosen Fiserv CEO Frank Bisignano to head the Social Security Administration. (Reporting by Costas Pitas and Eric Beech)
