Updated

By Benoit Nyemba and Ange Kasongo KINSHASA (Reuters) -Congolese police violently broke up a banned protest in the capital Kinshasa on Wednesday, leaving several people wounded, and one opposition leader said more marches were planned against last week’s vote. Disputes over the Dec. 20 presidential and legislative elections threaten to further destabilise Democratic Republic of …

Congo police disperse banned election protest as opposition cries foul Read More »

By MacDonald Dzirutwe LAGOS (Reuters) -Nigeria’s competition commission has ordered British American Tobacco (BAT) to pay a $110 million fine following allegations of market dominance abuse and infringement of public health regulations, the watchdog said on Wednesday. The Federal Competition & Consumer Protection Commission (FCCPC) said the maker of Lucky Strike and Dunhill cigarettes had …

Nigerian competition watchdog fines British American Tobacco $110 million Read More »

By Stephanie Kelly NEW YORK (Reuters) -Oil prices dropped nearly 2% on Wednesday, eating into the previous day’s gains as investors monitored developments in the Red Sea, where shippers are returning despite further attacks on Tuesday. Brent crude futures settled down $1.42, or 1.8%, at $79.65 a barrel. U.S. West Texas Intermediate crude fell $1.46, …

Oil drops almost 2% as investors watch Red Sea developments Read More »

By Koh Gui Qing and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -World stocks rallied to their highest level in more than a year on Wednesday, while the U.S. dollar hit a five-month low, as expectations mounted that key central banks such as the Federal Reserve will start to cut interest rates early next year. In line …

World stocks at highest in over a year on rate cut bets Read More »

By Karen Brettell NEW YORK (Reuters) -The dollar slipped to a five-month low against the euro and a basket of currencies on Wednesday on expectations the Federal Reserve could soon cut U.S. interest rates. But with many traders out for holidays volumes are likely to remain muted until the New Year, and price moves are …

Dollar hits 5-mth low against euro as Fed seen closer to rate cuts Read More »