By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) -Global shares stemmed a five-session rout on Tuesday as bank shares rebounded and closely-watched U.S. inflation data was in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its meeting next week. Bond yields in the U.S. and the …
Global equities gain, as rising bond yields pressure gold Read More »
By Herbert Lash NEW YORK (Reuters) -The dollar traded little changed on Tuesday after strong consumer price data revived the likelihood that the Federal Reserve will hike interest rates next week as fears of turmoil spreading in the banking sector faded. The dollar index, a measure of the greenback against six other currencies, fell 0.087% …
Dollar little changed as U.S. inflation data poses quandary for Fed Read More »
By Kylie MacLellan LONDON (Reuters) -Britain’s National Cyber Security Centre is reviewing whether Chinese-owned video app TikTok should be banned from government phones, security minister Tom Tugendhat said on Tuesday. TikTok has come under increasing focus over fears that user data could end up in the hands of the Chinese government, undermining Western security interests. …
UK’s National Cyber Security Centre reviewing TikTok risks, minister says Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices dropped over 4% to a three-month low on Tuesday after a U.S. inflation report and the recent U.S. bank failures sparked fears of a fresh financial crisis that could reduce future oil demand. Brent futures fell $3.32, or 4.1%, to settle at $77.45 a barrel, while U.S. …
Oil falls to three-month low on inflation worries, U.S. bank shutdowns Read More »
By Frank Phiri BLANTYRE (Reuters) – Cyclone Freddy, one of the most powerful storms ever recorded in the southern hemisphere, has killed 190 people in Malawi after ripping through southern Africa for the second time in a month, Malawi’s government said on Tuesday. The district around the commercial hub of Blantyre was among the hardest-hit. …
Cyclone Freddy kills 190 in Malawi as rain complicates rescue efforts Read More »
By Bharat Gautam (Reuters) – Gold fell on Tuesday as a rise in Treasury yields took the shine off bullion’s recent rise that was driven by the U.S. banking crisis, while an uptick in U.S. inflation in February raised more questions than answers on interest rates. Spot gold fell 0.2% to $1,909.55 per ounce by …
Gold’s crisis-driven surge halted by rising U.S. bond yields Read More »
By Amanda Ferguson BELFAST (Reuters) -The head of Northern Ireland’s Democratic Unionist Party on Tuesday voiced his strongest concerns to date over a UK-EU deal to simplify post-Brexit trade rules, saying his party was seeking changes from the British government. A key test of the deal reached by British Prime Minister Rishi Sunak with Brussels …
Northern Ireland’s DUP hardens position against new Brexit deal Read More »
NEW DELHI – Lahore in Pakistan jumped more than 10 places to become the city with the worst air in the world in 2022, according to an annual global survey by a Swiss maker of air purifiers. The report published on Tuesday by IQAir also said that Chad in central Africa had replaced Bangladesh as …
Lahore is most polluted city, Chad worst among countries – survey Read More »
By Arpan Chaturvedi NEW DELHI (Reuters) – India’s Supreme Court on Tuesday rejected the government’s plea seeking more compensation from Union Carbide Corporation for victims of a gas leak in the central Indian city of Bhopal that resulted in one of the world’s worst industrial disasters. In the early hours of Dec. 3, 1984, methyl …
By Wendell Roelf CAPE TOWN (Reuters) -The African Export-Import Bank (Afreximbank) is in advanced discussions with Senegal’s sole oil refiner to help raise $500 million in syndicated finance a further upgrade of its old refinery, a senior bank official said on Tuesday. Société Africaine de Raffinage (SAR) is West Africa’s oldest refinery and recently underwent …
Afreximbank in talks to help raise $500 million for Senegal refinery upgrade Read More »
