By Bate Felix and Anait Miridzhanian DAKAR (Reuters) – Niger’s regional and Western allies have announced a series of sanctions against the country following the July 26 coup. Niger is the world’s seventh-biggest producer of uranium, the radioactive metal widely used for nuclear energy and treating cancer. It is also one of the world’s poorest…
By Jonathan Saul and Nigel Hunt LONDON (Reuters) – Russia’s lack of ships and Western grain traders’ shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply routes. President Vladimir Putin promised to…
SINGAPORE (Reuters) -Singapore Prime Minister Lee Hsien Loong on Tuesday sought to reassure the public after a spate of political scandals rocked his ruling party in recent months and amid continuing worries over inflation in the city-state. In remarks made on the eve of Singapore’s national day, Lee said his government would maintain “high standards…
By Promit Mukherjee JOHANNESBURG (Reuters) -South Africa’s Nedbank Group, amongst the top five lenders in the country, warned on Tuesday that its bad loans would stay elevated for the rest of the year and it could miss its 2025 financial targets. But its shares were up 2.5% in early trading as profit for the six…
By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) – Investors are eyeing gains in emerging markets stocks and a cooling of their currencies amid an unprecedented global decoupling in the direction of interest rates. While the U.S. Federal Reserve has delivered aggressive interest rate hikes since March 2022, major emerging market countries like Brazil,…
By Kane Wu HONG KONG (Reuters) -U.S. private equity firm Carlyle Group has agreed to purchase a minority stake in Quest Global Services that values the engineering outsourcing firm at $2 billion, two people with knowledge of the matter told Reuters. Carlyle on Tuesday announced that the firm and Singapore-headquartered Quest Global had entered an…
By Joe Cash BEIJING (Reuters) -China’s imports and exports fell much faster than expected in July as weaker demand threatens recovery prospects in the world’s second-largest economy, heightening pressure for authorities to release fresh stimulus to steady growth. The grim trade numbers reinforce expectations that economic activity could slow further in the third quarter, with…
(Reuters) -Barrick Gold Corp beat analysts’ expectations for second-quarter profit on Tuesday, as the Canadian gold miner benefited from higher prices of the precious metal. The company also maintained its full-year production outlook for gold and copper, saying output in the second half of the year is expected to surpass the first – boosted by…
By Anton Bridge TOKYO (Reuters) -Japan’s SoftBank Group posted a surprise loss but said it was dipping its toes back into new investments after its Vision Fund unit returned to the black for the first time in six quarters. The Vision Fund unit booked an investment gain of about 160 billion yen ($1.1 billion) for…
By Safiyah Riddle (Reuters) – U.S. small business confidence edged up to an eight-month high in July, as concerns about inflation fell to the lowest level in nearly two years, a report released on Tuesday showed. The National Federation of Independent Business (NFIB) said its Small Business Optimism Index rose nine-tenths of a point to…
