Fri Jan 29, 2016/Reuters By Lucia Mutikani Click here to read full story U.S. economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports. Gross domestic product increased at a 0.7 […]
Tag: Reuters
South African reserve bank raises repo rate as inflation outlook worsens
Thu Jan 28, 2016/Reuters South Africa’s Reserve Bank raised its benchmark repo rate by half a percentage point as expected on Thursday, saying the outlook for inflation had deteriorated significantly even as economic growth slowed. Nineteen of 31 economists polled by Reuters said the central bank would hike interest rates […]
Nigeria’s Buhari against devaluing naira, sees recovery soon
January 28, 2016/Reuters Nigeria’s President Muhammadu Buhari is against devaluing the naira, his office said on Thursday, backing the central bank’s stance of keeping rates unchanged in the face of sharp falls against the dollar on the black market. The central bank decided on Tuesday to keep the current official […]
