By Johann M Cherian and Noel Randewich (Reuters) – Wall Street ended sharply lower on Thursday after unexpectedly strong inflation data and a drop in weekly jobless claims added to fears that the U.S. Federal Reserve will keep raising interest rates to tame high prices. A Labor Department report showed the highest rise in producer …
Wall Street ends down sharply as data fuels rate-hike worries Read More »
By Jeff Mason and Steve Holland BETHESDA, Md. (Reuters) -Doctors declared U.S. President Joe Biden, 80, healthy and “fit for duty” on Thursday after a physical examination that included removing a lesion from his chest and declaring him free of symptoms of long COVID after his bout last year with the virus. “The president remains …
Biden, 80, is healthy, ‘fit for duty,’ doctor says after physical Read More »
By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK (Reuters) – The U.S. dollar held gains against a basket of currencies on Thursday, bolstered by stronger-than-expected producer prices and falling jobless claims, hinting that the Federal Reserve would have to maintain its inflation-fighting interest rate hikes for longer. Earlier, the dollar index hit six-week highs, rising …
Dollar advances as strong U.S. data backs higher rates backdrop Read More »
By Max Hunder and Pavel Polityuk KYIV (Reuters) -Russia rained missiles across Ukraine on Thursday and struck its largest oil refinery, Kyiv said, while the head of the Wagner mercenary group predicted the long-besieged city of Bakhmut would take weeks if not months to fall. Following a pattern of heavy bombardments after Ukrainian battlefield or …
Missiles hammer Ukraine as Russia eyes Bakhmut’s capture by April Read More »
By Xie Yu HONG KONG (Reuters) -Adani Green Energy has a refinancing plan which the Indian company will disclose after the fiscal year ends, an executive of the embattled Adani group told bondholders on a call on Thursday, two sources with direct knowledge of the matter said. Adani Group had hired banks to arrange calls …
Adani Green to disclose refinancing plan after fiscal year ends -sources Read More »
JOHANNESBURG (Reuters) -African e-commerce firm Jumia Technologies said on Thursday that cost savings had helped it reduce fourth quarter losses by 30% from a year earlier, with a further sharp drop expected this year. Jumia is on an aggressive cost cutting journey that involves head count reductions, scaling back offerings such as groceries and reducing …
African online retailer Jumia’s Q4 losses narrow on cost savings Read More »
By Shashwat Chauhan and Shristi Achar A (Reuters) – Britain’s internationally-focussed FTSE 100 on Thursday closed above 8,000 points for the first time as upbeat earnings from Centrica and Standard Chartered countered global risk-off sentiment after hotter-than-expected U.S. inflation data. The blue-chip FTSE 100 gained 0.2%, off an intra-day record high hit earlier in the …
FTSE 100 closes above 8,000 on positive Centrica, StanChart earnings Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened on Thursday after President Cyril Ramaphosa defended his decision to appoint a minister of electricity to try to end crippling power cuts. At 1609 GMT, the rand traded at 18.1500 against the dollar, 0.68% weaker than its previous close. Some lawmakers said the appointment would add a layer of …
South African rand weakens against dollar; stocks rise Read More »
LAGOS (Reuters) – Voters in Nigeria, Africa’s biggest economy and most populous nation, head to the polls on Feb. 25 to elect a new president and lawmakers amid growing frustration over unprecedented insecurity, industrial-scale oil theft and surging inflation. President Muhammadu Buhari, who will complete his constitutionally allowed two terms in May, is not on …
Factbox-Nigeria’s election: when is the vote and what’s at stake? Read More »
By John McCrank NEW YORK (Reuters) – The mutual fund industry is warning the U.S. Securities and Exchange Commission that new proposed rules aimed at better preparing open-end funds to weather distressed market conditions would harm investors saving for retirement. A November proposal from the SEC would require mutual funds, and some exchange-traded funds, to …
Fund industry says proposed U.S. SEC rules would harm retirement savers Read More »
