KAMPALA (Reuters) – Uganda’s central bank on Thursday held its key lending rate at 10.0%, saying the near-term risks to the inflation outlook remained elevated. The decision, announced by deputy governor Michael Atingi-Ego at a news conference, is the third time in a row the bank has kept its main policy rate unchanged. Inflation fell …
By Ahmed Aboulenein WASHINGTON (Reuters) – A federal judge in Texas could soon order the U.S. Food and Drug Administration to withdraw its approval of abortion pill mifepristone, a move that if allowed to stand could severely undermine the agency, health policy and legal experts said. The closely followed case could potentially lead to a …
Analysis-Texas abortion pill ruling could disrupt U.S. drug oversight Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares logged gains for a second consecutive week on Thursday, aided by real estate and financials stocks, after the Reserve Bank of India, in a surprising decision, kept its key policy rate unchanged. The Nifty 50 ended 0.24% higher at 17,599.15 and the S&P BSE Sensex rose 0.24% …
Indian shares rise for second week after RBI’s surprise rate hike pause Read More »
By Rachel Savage and Chris Mfula LUSAKA (Reuters) – Zambia is being “punished” for a failure to complete debt restructuring that is not its fault, but its two main creditors, China and international bondholders, both want a resolution, the country’s finance minister told Reuters. Zambia was the first African country to default in 2020 after …
Zambia ‘punished’ as debt rework not finished, says finance minister Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee held minor gains and forward premiums fell on Thursday after the Reserve Bank of India surprised markets by holding rates, with the local currency posting its third straight weekly advance. The rupee finished at 81.8850 per dollar, compared with its previous close of 82. It gained …
Rupee steady after surprise RBI pause, gains for third week Read More »
By Ira Dugal MUMBAI (Reuters) – The Reserve Bank of India’s decision to keep interest rates unchanged, after a nearly year-long hiking cycle, may extend even though the central bank described its move as a pause and not a pivot, said one of the few analysts who predicted the surprise decision. A Prasanna, head of …
Indian cenbank may pause on rate hikes at next meet also -ICICI PD’s Prasanna Read More »
CONAKRY (Reuters) – The West African country of Guinea has seized around 1.5 tonnes of cocaine from a Sierra Leone-flagged ship docked at the port city of Kamsar, state television said. More than 60 bags each filled with 25 kg of cocaine were found, the ministry of defence said in a statement on Wednesday. All …
By Siddhi Nayak MUMBAI (Reuters) -The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines. UPI is an instant real-time payments system that allows users to transfer money across multiple banks without disclosing bank …
Indian cenbank proposes expanding UPI digital payments system to allow credit Read More »
By Rami Ayyub WASHINGTON (Reuters) -Former President Donald Trump on Wednesday called on his fellow Republicans in Congress to slash funding for the U.S. Justice Department and the FBI, one day after pleading not guilty in New York to 34 felony counts of falsifying business records. Trump, who is seeking to regain the presidency in …
Trump, newly charged, urges defunding US Justice Department and FBI Read More »
(Reuters) -A lawmaker in Britain’s governing Conservative Party has been suspended after he was filmed in a newspaper sting offering to lobby ministers and leak market-sensitive information on behalf of a fake company. Scott Benton, a lawmaker in Prime Minister Rishi Sunak’s party since 2019, has been suspended pending an investigation. The move comes after …
UK Conservative lawmaker Benton suspended after newspaper sting Read More »
