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Pound highest in over a month as dollar dips on dovish Fed

* Graphic: World FX rates in 2020 Link * Graphic: Trade-weighted sterling since Brexit vote Link By Ritvik Carvalho LONDON, July 29 (Reuters) - The pound hit its highest in over a month against the dollar on Thursday, extending gains driven by a fall in coronavirus cases in Britain and as a dovish U.S. Federal Reserve weighed on the greenback. The
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Rosy earnings lift US stocks to record peaks, dollar at 1-month low

(Updates throughout) * Dow Jones Index, S&P 500 hit record highs * Dollar sluggish at 1-month low on bets of a dovish Fed * Pan-European STOXX 600 index .STOXX also at all-time high * China shares bounce, still down sharply on week By Koh Gui Qing NEW YORK, July 29 (Reuters) - Strong company earnings and solid economic growth data pushed U.S. share
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Eyeing energy transition, Ghana plans to speed up oil exploration

ACCRA, July 29 (Reuters) - State-owned Ghana National Petroleum Corporation (GNPC) is looking to acquire oil assets in order to accelerate exploration before a transition from fossil fuels reshapes the market, Finance Minister Ken Ofori-Atta said on Thursday. Speaking at a mid-year budget review, Ofori-Atta said GNPC had already identified potentia

Pound highest in over a month as dollar dips on dovish Fed

* Graphic: World FX rates in 2020 Link * Graphic: Trade-weighted sterling since Brexit vote Link By Ritvik Carvalho LONDON, July 29 (Reuters) - The pound hit its highest in over a month against the dollar on Thursday, extending gains driven by a fall in coronavirus cases in Britain and as a dovish U.S. Federal Reserve weighed on the greenback. The
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Pakistan demands proof of vaccine for school, restaurant, transport staff

(Writes through) By Asif Shahzad ISLAMABAD, July 29 (Reuters) - Pakistan is to ban staff from entering public offices, schools, restaurants, transport and shopping malls without vaccination certificates, officials said on Thursday, despite only 2.7% of the population having had the full two COVID-19 vaccine shots. The certificate will also be requi

No end to global chip shortage before H1 2023, STMicro CEO says

By Mathieu Rosemain PARIS, July 29 (Reuters) - The global chip shortage that is hindering production forecasts of giant companies like Apple Inc AAPL.O and Volkswagen AG VOWG_p.DE is here to stay until the first half of 2023, the chief executive of STMicroelectronics STM.BN said on Thursday. "Things will improve in 2022 gradually, but we will retur
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Brazil's real jumps 1% as Fed dents dollar

* Peru's sol sits out EMFX rally, down 0.1% * Colombian peso jumps 1% as oil price rise * Ambev, Vale weigh on Bovespa * Alsea, Cemex lift Mexico's benchmark index By Susan Mathew July 29 (Reuters) - Most Latin American stocks and currencies rallied on Thursday, with Brazil's real jumping 1% to extend gains to a fourth straight session against a do
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Pakistan reserves decrease $221 mln to $17,829.8 week ending July 23

KARACHI, Pakistan, July 29 (Reuters) - Pakistan's foreign exchange reserves decrease $221 million to $17,829.8 million in the week ending July 23, compared to $18,050.7 million in the previous week, central bank said on Thursday. RESERVES Week ending Previous Week Change/pct ($ billions) July 23 Held by the State $17,829.8 mln $18,050.7 mln -1.2 Ba

U.S. yields drift higher as risk sentiment stays positive

By Gertrude Chavez-Dreyfuss NEW YORK, July 29 (Reuters) - U.S. Treasury yields edged higher in choppy trading on Thursday, although were below their peaks for the day as strong earnings, positive Chinese news and solid European economic reports balanced weaker-than-expected U.S. data. The advance estimate for U.S. gross domestic product in the seco
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Gold jumps over 1% as Powell strikes dovish tone

* Dollar slips to one-month low * Silver hits highest since July 19 * Gold's rally could be more sustained- analyst By Nakul Iyer July 29 (Reuters) - Gold jumped more than 1% on Thursday as investors cheered U.S. Federal Reserve Chairman Jerome Powell's comments that the central bank was unlikely to hike rates anytime soon. Spot gold XAU= rose 1.1%
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Dollar at 1-month low after Fed knock; U.S. data disappoints

* Dollar index down 0.3% * U.S. economy grows solidly in Q2 but misses forecasts (Updates prices, market activity, comments to U.S. market open; changes dateline, previous LONDON) By Saqib Iqbal Ahmed and Sujata Rao NEW YORK, July 29 (Reuters) - The dollar slipped to a one-month low on Thursday, a day after the U.S. Federal Reserve's reassurance th
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Brazil registers strongest formal job growth in first half of year since 2010

By Jamie McGeever BRASILIA, July 29 (Reuters) - Employment growth in Brazil picked up in June, official figures showed on Thursday, the sixth month of gains and bringing the number of formal jobs created in the first half of the year to its highest since 2010. The increase was widespread, with all five sectors covered by the Economy Ministry figure

Nigeria to refund deposits to exchange bureaux applicants after FX sale ban

ABUJA, July 29 (Reuters) - Nigeria's central bank will refund exchange bureaux that have paid deposits and licence fees which have yet to be approved, it said on Thursday, after announcing this week that it will no longer sell them foreign currency. The bank said on Tuesday the bureaux had become conduits for graft and illicit flows of money and th

Canadian dollar hits 2-week high as Fed stance bolsters sentiment

* Canadian dollar strengthens 0.5% against the greenback * Loonie touches its strongest level since July 14 at 1.2451 * Price of U.S. oil increases 0.7% * Canadian bond yields rise across a steeper curve By Fergal Smith TORONTO, July 29 (Reuters) - The Canadian dollar touched a two-week high against its broadly weaker U.S. counterpart on Thursday,
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Zimbabwe finmin forecasts strong growth of 7.8% in 2021

HARARE, July 29 (Reuters) - Zimbabwe's economy is now expected to grow by 7.8% in 2021 from an initial forecast of 7.4%, driven by moderating inflation, higher commodity prices and better agriculture harvest, Finance Minister Mthuli Ncube said on Thursday. After two years of recession due to drought and effects of the COVID-19 pandemic, Zimbabwe is

S&P 500, Dow scale all-time highs as economy picks up pace

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Ford rises after strong earnings * Didi Global jumps on report it could go private * Banks, industrials, mining stocks gain after dovish Fed * Indexes: Dow up 0.49%, S&P up 0.44%, Nasdaq up 0.36% (Updates to open) By Sagarika Jaisinghani
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Ghana plans to speed up oil exploration, says finance minister

ACCRA, July 29 (Reuters) - State-owned Ghana National Petroleum Corporation (GNPC) is looking to acquire oil assets in order to accelerate exploration, Finance Minister Ken Ofori-Atta said on Thursday at a mid-year budget review. "Given the prevailing sentiments around energy transition, there is a strong possibility that Ghana may be left with str

Foreign funds now own 81% of all shares listed on Moscow Exchange -bourse

MOSCOW, July 29 (Reuters) - Global foreign funds increased their holdings of Russian stocks to more than 80% of all shares trading on the Moscow Exchange in the first half of this year, the bourse said on Thursday, attracted by higher dividend yields than in other emerging markets. U.S. sanctions and increased debt issuance to fight the coronavirus

Ghana finance minister says 2021 macroeconomic targets on track

ACCRA, July 29 (Reuters) - Ghana is on track to meet is macroeconomic targets for 2021, Finance Minister Ken Ofori-Atta said on Thursday, adding that the West African nation's economic recovery after the Covid-19 pandemic was gaining some momentum. Ghana expects its economy to grow by at least 5% this year. Inflation is forecast to remain within th

S&P 500, Dow rise as economic growth picks up pace

July 29 (Reuters) - The S&P 500 and the Dow indexes rose on Thursday as a slate of strong corporate earnings reports and data showing a pickup in U.S. economic growth reinforced optimism around a steady post-pandemic recovery. The Dow Jones Industrial Average .DJI rose 55.1 points, or 0.16%, at the open to 34985.99. The S&P 500 .SPX rose 2.9 points
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S&P 500, Dow set to rise as economic growth heats up

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Ford, Qualcomm rise after strong earnings * Didi Global jumps on report it could go private * Banks, industrials, mining stocks gain after dovish Fed * Futures: Dow up 0.41%, S&P adds 0.17%, Nasdaq down 0.17% By Sagarika Jaisinghani July
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