By Hannah Lang WASHINGTON (Reuters) – The dollar pared earlier losses on Thursday after the U.S. Federal Reserve sounded close to calling time on interest rate hikes, while the Swiss National Bank and Bank of England pushed ahead with further rate increases. The Fed raised its benchmark funds rate 25 basis points on Wednesday, but …
Dollar pares losses after central banks raise rates Read More »
By Shariq Khan BENGALURU (Reuters) -Oil prices settled 1% lower on Thursday, reversing early gains after U.S. Energy Secretary Jennifer Granholm told lawmakers that refilling the country’s Strategic Petroleum Reserve (SPR) may take several years. Granholm’s comments fed worries about potential oversupply, especially as the Energy Department plans to proceed with an additional release of …
Oil drops 1% as US in no rush to refill strategic reserve Read More »
By Seher Dareen (Reuters) – Gold prices extended gains to a second straight session on Thursday, boosted by a slide in Treasury yields after the U.S. Federal Reserve signalled an end to its monetary tightening cycle might be on the cards. Spot gold rose 1.2% to $1,993.09 per ounce by 2:59 p.m. ET (1859 GMT), …
LONDON (Reuters) – Jailed Biafran separatist leader Nnamdi Kanu’s family lost a legal challenge against the British government in a London court on Thursday over his continuing detention in Nigeria. Kanu’s brother, Kingsley Kanu, brought a judicial review against Britain’s Foreign Office over its alleged refusal to acknowledge that Nnamdi Kanu, who holds Nigerian and …
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By William Schomberg, David Milliken and Suban Abdulla LONDON (Reuters) – The Bank of England (BoE) raised interest rates for the 11th time in a row on Thursday, but said a surprise resurgence in inflation would probably fade fast, prompting speculation it had ended its run of hikes. Sounding more upbeat about the outlook for …
Bank of England raises rates, says inflation set to fade Read More »
By Karen Freifeld NEW YORK (Reuters) – Another day passed on Wednesday without an indictment against former President Donald Trump, who had forecast he would be arrested on Tuesday in a Manhattan probe of alleged illegal hush-money payments he made to porn star Stormy Daniels. A Â Manhattan grand jury did not meet as had been …
Trump porn star hush-money grand jury takes Wednesday off -source Read More »
By David Shepardson WASHINGTON (Reuters) -The chair of the Senate Commerce Committee said on Wednesday she would push for quick passage of rail safety legislation after a Feb. 3 Norfolk Southern derailment in East Palestine, Ohio, that sparked a fire and released over a million gallons of hazardous materials and pollutants into the environment. Senate …
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By Humphrey Malalo NAIROBI (Reuters) -Four Kenyan members of parliament were charged on Thursday with unlawful assembly for taking part this week in protests against President William Ruto’s government over the high cost of living, their lawyer said. One person was killed and more than 200 were arrested during Monday’s nationwide demonstrations called by opposition …
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LONDON (Reuters) -Britain’s parliament will block TikTok on all devices on its network following a similar ban on government devices, becoming the latest Western institution to bar the Chinese-owned video app over security concerns. A TikTok spokesperson called the action “misguided”, saying it was based on fundamental misconceptions about the company. “Following the government’s decision …
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JOHANNESBURG (Reuters) -South Africa’s rand strengthened against a weaker dollar on Thursday after the U.S. Federal Reserve signalled that it would pause its interest rate hiking path. The Fed on Wednesday raised interest rates by a widely expected 25 basis points (bps), but dropped language about “ongoing increases” being needed in favour of “some additional” …
