JOHANNESBURG (Reuters) -The South African rand slumped on Monday as investor concerns mounted over a power crisis that prompted President Cyril Ramaphosa to cancel a trip to the World Economic Forum in Davos. The struggling state power utility last week ramped up power cuts to their worst-ever level, meaning most South Africans are without power …
South African rand slumps as power crisis takes centre stage Read More »
ACCRA (Reuters) -Ghana has again extended the deadline to register for its domestic debt exchange, this time to Jan. 31, Finance Minister Ken Ofori-Atta said on Monday. The crisis-hit nation launched the debt swap plan at the start of December, days before clinching a staff-level agreement with the International Monetary Fund (IMF) for a $3 …
Ghana extends domestic debt exchange deadline for third time Read More »
By Fred Greaves GUERNEVILLE, Calif. (Reuters) – Storm-lashed California is bracing for what may be a final battering of rain and snow starting late Sunday, adding to the damage unleashed by a weather system that has caused severe flooding and killed at least 19 people across the state. Residents across a swath of central and …
California braces for final burst of heavy snow and rain Read More »
By Abdiqani Hassan GAROWE, Somalia (Reuters) -Somalia’s government-led forces have captured an al Shabaab stronghold on the Indian Ocean coast, the defence minister said on Monday, in one of their most significant victories since launching an offensive against the Islamist group last year. The forces took the port town of Harardhere as well as the …
Somalia says it has taken control of key port from al Shabaab Read More »
By Rowena Edwards LONDON (Reuters) -Oil prices slipped on Monday but were holding near their highest this month as easing COVID restrictions in China raised hopes of a demand recovery in the world’s top crude importer. Brent crude fell 76 cents, or 0.89%, to $84.52 a barrel by 1448 GMT. U.S. West Texas Intermediate crude, …
Oil holds near recent highs on Chinese demand recovery hopes Read More »
By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The dollar started the week on the back foot, hitting a seven-month low against a basket of major peers in Asian trade before steadying, with the yen in particular focus due to traders’ bets the Bank of Japan will tweak its yield control policy further. The …
Dollar finds its footing near seven-month low, all eyes on yen Read More »
By Scott Murdoch and Jamie Freed SYDNEY (Reuters) -Bain Capital said on Monday it is looking to relist airline Virgin Australia, in a move that would come as the domestic aviation market bounces back strongly from pandemic lows. A listing of Australia’s second-biggest carrier would likely be one of the country’s largest initial public offerings …
Bain Capital explores Virgin Australia IPO as aviation market improves Read More »
WASHINGTON (Reuters) – House of Representatives Speaker Kevin McCarthy said on Sunday he believes Democrats would agree to cap government spending to avoid a U.S. debt default and he wants to discuss the idea with President Joe Biden. Republicans now in control of the House have threatened to use the debt ceiling as leverage to …
House Speaker says Democrats should cap spending to avoid U.S. debt default Read More »
By Mark John (Reuters) – Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions among low-income households. The Edelman Trust Barometer, which for over two decades has polled the attitudes of thousands of people, …
Household wealth optimism collapses, global survey shows Read More »
By Tim Hepher and Joanna Plucinska DUBLIN (Reuters) -Financiers at the centre of a $200 billion industry underpinning worldwide airline fleets are meeting in Dublin this week, gambling that China’s long-awaited decision to free travel will accelerate their recovery while warning of a shortage of jets. Three years after the spread of COVID-19 grounded thousands …
Air finance summit tackles jet shortages amid China travel thaw Read More »
