JOHANNESBURG (Reuters) -South Africa’s rand weakened on Thursday after the central bank raised its main lending rate by 25 basis points to 7.25%, less than expected by most economists polled by Reuters. At 1522 GMT, the rand traded at 17.1600 against the dollar, 0.31% weaker than its previous close. The South African Reserve Bank (SARB) …
South African rand weakens after central bank’s 25 bps rate hike Read More »
By Bhargav Acharya, Kopano Gumbi and Alexander Winning JOHANNESBURG (Reuters) -South Africa’s rolling power cuts are expected to wipe as much as 2 percentage points off economic growth this year, the central bank said on Thursday as it raised interest rates by just 25 basis points. The increase to 7.25% was smaller than the 50-bp …
South Africa trims rate hikes as power cuts slash growth prospects Read More »
By Seher Dareen (Reuters) – Gold edged down on Thursday following strong fourth-quarter U.S. economic data, but indications of a likely slowdown limited losses in the safe-haven asset. Spot gold fell 0.5% to $1,936.81 per ounce by 9:41 a.m. ET (1441 GMT), having dropped as much as $1,930.99 earlier. The yellow metal also hit its …
Gold eases on strong U.S. data, slowdown risks limit losses Read More »
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine economy ended 2022 with the fastest growth in over four decades underpinned by a robust final quarter, but analysts and policymakers warn that a global slowdown and soaring inflation will make for a difficult year ahead. Manila’s fourth quarter forecast-beating annual growth …
Philippines 2022 GDP growth quickest in over 4 decades, but outlook challenging Read More »
By Katie Paul and Sheila Dang (Reuters) – Meta Platforms Inc said Wednesday it will reinstate former U.S. President Donald Trump’s Facebook and Instagram accounts in the coming weeks, following a two-year suspension after the deadly Capitol Hill riot on January 6, 2021. The restoration of his accounts could provide a boost to Trump, who …
Meta to reinstate Donald Trump’s Facebook and Instagram accounts Read More »
By Alexandra Ulmer HALF MOON BAY, Calif. (Reuters) – When friends of farm supervisor Marciano Martinez heard of the shooting at the Half Moon Bay mushroom plantations on Monday, they had a sinking feeling. They knew he had to have been there: Martinez, a migrant from Mexico, worked every day except Saturdays. He rarely took …
Gentle soul, accordion player, mushroom lover: Half Moon Bay victim mourned Read More »
By Jorge Garcia and Steve Gorman REDWOOD CITY, Calif. (Reuters) -A 66-year-old immigrant farm worker was formally charged with premeditated murder on Wednesday in the fatal shooting of seven co-workers near San Francisco, the second of two gun rampages in California in recent days in which 18 people were killed. Chunli Zhao, a Chinese citizen …
Immigrant farm worker charged with 7 murders in northern California shooting Read More »
(Reuters) -Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart Inc for about $1.5 billion, the Economic Times reported on Thursday. The stake, which collectively amounts to about 5%, would raise Walmart’s ownership in the …
Accel, Tiger Global mull exiting India’s Flipkart in $1.5 billion stake sale – ET Read More »
By Daniel Trotta (Reuters) -Seven people were killed in a mass shooting at two locations in the coastal northern California city of Half Moon Bay on Monday, and the suspect was arrested after driving to a police parking lot, apparently attempting to turn himself in, officials said. The shooting in Half Moon Bay, about 30 …
Seven shot dead in another mass shooting in California Read More »
PARIS (Reuters) -The United Nations’ cultural agency, UNESCO, said on Wednesday that it had designated the historic centre of Odesa, a strategic port city on Ukraine’s Black Sea coast, a World Heritage in Danger site. Russia, which invaded Ukraine 11 months ago, denounced the designation, saying the only threat to Odesa came from the “nationalist …
UNESCO designates Ukraine’s Odesa a World Heritage in Danger site Read More »
