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Dollar up vs euro but remains on track for weekly loss after inflation data

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Friday but was on track for its fifth straight weekly loss against the common currency, after slower U.S. consumer spending growth boosted hopes the Federal Reserve would be less aggressive in hiking interest rates. U.S. consumer spending rose moderately in February …

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Gold eases but remains on course for quarterly rise

By Bharat Gautam and Deep Kaushik Vakil (Reuters) – Gold prices were on track for a second straight quarterly rise on Friday, as growing bets that the U.S. Federal Reserve will slow the pace of interest rate hikes drew investors to the metal. Spot gold was down 0.6% at $1,968.25 per ounce by 2:26 p.m. …

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Tennis-Russian, Belarusian players to compete as ‘neutrals’ at Wimbledon after ban lifted

By Shrivathsa Sridhar and Rohith Nair (Reuters) -Wimbledon lifted its ban on Russian and Belarusian players on Friday and will allow them to compete in the grasscourt Grand Slam this year as “neutral” athletes in a climbdown from the stance it took after Moscow’s invasion of Ukraine in 2022. The players will be prohibited from …

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Oil rises more than 1% on tightening supplies, cooling US inflation

By Shariq Khan BENGALURU (Reuters) -Oil prices rose by more than a dollar a barrel on Friday as supplies tightened in some parts of the world and U.S. inflation data indicated price rises were slowing. The most actively traded Brent futures, for June delivery, were up $1.05 or 1.3% at $79.65 a barrel by 12:55 …

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Senegal says H5N1 bird flu has likely spread from wild birds to farm

PARIS/DAKAR (Reuters) -Senegal has reported an outbreak of the highly pathogenic H5N1 bird flu on a poultry farm in the northwestern part of the country, the government of the West African state and the World Organisation for Animal Health (WOAH) said on Friday. The outbreak occurred on March 18 on a farm in the village …

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South Africa’s unions, government agree 7.5% wage hike

JOHANNESBURG (Reuters) -The majority of South Africa’s public sector unions on Friday agreed to a 7.5% wage increase after five months of strike action, the government said in a statement. The two-year, multi-term deal is significantly higher than what the government had factored into its 2023 budget and will put efforts to manage runaway public …

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S.African Paralympian Oscar Pistorius denied parole a decade after killing girlfriend

By Wendell Roelf, Anait Miridzhanian and Siyabonga Sishi JOHANNESBURG (Reuters) – Former South Africa Paralympic star Oscar Pistorius, jailed in 2016 for killing his girlfriend Reeva Steenkamp, has been denied parole, South Africa’s prison authorities and a lawyer for the victim’s family said on Friday. Once the darling of the Paralympic movement for pushing for …

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Crypto founder Do Kwon indicted in US following Montenegro arrest

By Jonathan Stempel, Aleksandar Vasovic and Hyunsu Yim NEW YORK/PODGORICA/SEOUL (Reuters) -Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been charged with fraud by U.S. prosecutors. An eight-count indictment against Kwon was made public in the U.S. District Court in Manhattan, several hours …

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Tunisia to cut off public water supplies overnight due to drought

By Tarek Amara TUNIS (Reuters) – Tunisia will cut off water supplies to citizens for seven hours a night in response to the country’s worst drought on record, state water distribution company SONEDE said in a statement on Friday. The country’s agriculture ministry earlier introduced a quota system for potable water and banned its use …

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South African shares dip, rand gains after central bank rate hike

JOHANNESBURG (Reuters) -South African stocks slipped as the rand firmed on Friday, a day after the central bank hiked interest rates more than expected. The South African Reserve Bank (SARB) raised its main lending rate by 50 basis points to 7.75% on Thursday, twice the 25 basis point increase that most economists had predicted, sending …

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