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Price of Sudanese pound slips on parallel market amid political uncertainty

KHARTOUM, Jan 16 (Reuters) - The value of Sudan's currency fell by more than 3% to 465 pounds to the dollar on the black market on Sunday, traders said, as demand for dollars surged amid continuing political uncertainty following a coup in October. The Sudanese pound had mostly stabilised in recent months after being sharply devalued in February 20

Price of Sudanese pound slips on parallel market amid political uncertainty

KHARTOUM, Jan 16 (Reuters) - The value of Sudan's currency fell by more than 3% to 465 pounds to the dollar on the black market on Sunday, traders said, as demand for dollars surged amid continuing political uncertainty following a coup in October. The Sudanese pound had mostly stabilised in recent months after being sharply devalued in February 20

Wall St Week Ahead-Earnings to test growth stocks after rocky start to year

By Lewis Krauskopf NEW YORK, Jan 14 (Reuters) - A rough start to 2022 for U.S. tech and growth stocks is raising stakes for upcoming earnings reports, as investors seek reasons to keep faith in the shares while bracing for U.S. interest rate hikes. The S&P 500 information technology sector .SPLRCT , which accounts for nearly 29% of the broader inde

Philippines says 'indispensable' Suu Kyi must be involved in Myanmar peace process

MANILA, Jan 16 (Reuters) - Deposed Myanmar leader Aung San Suu Kyi is "indispensable" in restoring democracy to the military-ruled country and must be included in any peace talks, regardless of her conviction, the Philippines' foreign minister said on Sunday. In a strong rebuke of the Myanmar junta that overthrew Suu Kyi's elected government last y

Libya's total oil output rises to 1.2 million bpd - NOC

Jan 16 (Reuters) - Libya's total oil output has risen to 1.2 million barrels per day, from 1.045 million bpd on Friday, the National Oil Corp said on Sunday. Reporting by Ahmed Elumami, writing by Maher Chmaytelli; Editing by Angus MacSwan

N.Korea-China trade by rail to resume on Monday as border closures end - traders

(Recasts throughout with confirmation from Chinese traders) By Yew Lun Tian and Josh Smith BEIJING/SEOUL, Jan 16 (Reuters) - Chinese brokers said they expect the resumption of regular trade with North Korea as soon as Monday, after a North Korean train pulled into a Chinese border town on Sunday in the first such crossing since anti-coronavirus bor

Factors to watch - January 16

DUBAI, Jan 16 (Reuters) - Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Stocks stumble, yields jump on rates outlook; oil rallies * Oil's bull run rolls on despite possible China reserves release * P

China urges local govts to minimize impact from 19 curbs over Lunar New Year

BEIJING, Jan 16 (Reuters) - China's state planner on Sunday urged local governments to minimise the impact from COVID-19 restrictions over the upcoming Lunar New Year holiday to help a rebound in consumption, as rising cases of the Omicron variant threaten economic growth. "Local governments should avoid simplified, one-size-fits-all ... COVID-19 e

Significant tsunami damage feared in Tonga, communications still cut

By Praveen Menon WELLINGTON, Jan 16 (Reuters) - Tsunami-hit Tonga remained largely uncontactable on Sunday with telephone and internet links severed, leaving relatives in faraway New Zealand praying for their families on the Pacific islands as casualty reports had yet to come through. An underwater volcano off Tonga erupted on Saturday, triggering

Peru's economy grows 3.47% in November, but mining contracts amid protests

LIMA, Jan 15 (Reuters) - The Peruvian economy grew by 3.47% year-on-year in November, the lowest rate since March, the government said on Saturday, citing an advance in consumption that was offset by a drop in the country's key mining sector beset by environmental protests. In November of 2020, the economy of the world's second largest copper produ

Turkish finance minister sees single-digit inflation by mid-2023

* Inflation hit a 19-year high of 36% last month * Finance minister says inflation will fall to single digits * Turkey's only problem now is high inflation - minister By Ali Kucukgocmen ISTANBUL, Jan 15 (Reuters) - Turkey's annual inflation rate will be in single digits by the time presidential and parliamentary elections set for mid-2023 are held,

South Africa's Eskom to shut down units of nuclear plant for refuelling

JOHANNESBURG, Jan 15 (Reuters) - South Africa's state power provider Eskom will from Monday carry out a staggered shutdown of both units of its Koeberg nuclear power station for scheduled refuelling and maintenance, putting an already overburdened power system under additional strain. In a statement, Eskom said it would take Unit 2 offline from Mon

Italy appoints diplomat Modiano as special envoy for climate change

MILAN, Jan 15 (Reuters) - Italy has appointed senior diplomat Alessandro Modiano as its special envoy for climate change, the Ecological Transition Ministry said on Saturday, fulfilling a commitment it made last June. Modiano, 57, will be the reference point for all external climate change policies, the ministry said. Italian climate activists had

Turkish finance minister says inflation will come down to single digits by mid-2023

ISTANBUL, Jan 15 (Reuters) - Finance Minister Nureddin Nebati said on Saturday inflation in Turkey will come down to single digits by the time of presidential and parliamentary elections set for mid-2023, after it soared to a 19-year high of 36% in December. Speaking to heads of non-governmental organisations in Istanbul, Nebati also said the conve

Kazakh ex-leader's in-laws leave key energy sector jobs

NUR-SULTAN, Jan 15 (Reuters) - Two members of former Kazakh president Nursultan Nazarbayev's extended family have resigned from the leadership of state oil and gas shipping companies, the Central Asian nation's sovereign fund said on Saturday. Nazarbayev, Kazakhstan's leader for three decades before his resignation in 2019, retained sweeping powers

Soy futures ease on outlook for rain to aid South America crops

* Rain forecast in Brazil, Argentina curbs soy prices * Corn inches higher after recent setbacks * Wheat touches one-week low at CBOT By Tom Polansek CHICAGO, Jan 14 (Reuters) - Chicago Board of Trade soybean futures slumped on Friday to their lowest price in more than a week under continued pressure from forecasts for rain in dry South American gr

Chile court halts lithium auction days after quotas awarded

By Natalia A. Ramos Miranda SANTIAGO, Jan 14 (Reuters) - A Chilean court on Friday ordered the suspension of a lithium contracts auction that took place earlier this week, part of a plan by the South American country to boost production of the coveted mineral used in car batteries. An appeals court ordered the suspension, which was requested by the

Stocks stumble, yields jump on rates outlook; oil rallies

* U.S., European and Asian stocks down * Profitability warning from JPMorgan casts pall * Falls follow signals from U.S. Fed policymakers * Oil rallies; U.S. dollar steady after 3-day decline (New throughout, updates prices, market activity and comments) By Koh Gui Qing NEW YORK, Jan 14 (Reuters) - Global stock markets stumbled again on Friday and

N.Korea tests railway-borne missile in latest launch amid rising tension with U.S.

By Hyonhee Shin SEOUL, Jan 15 (Reuters) - North Korea tested a railway-borne missile in its firing drills on Friday, state media KCNA said on Saturday, amid a U.S. push for fresh sanctions against the isolated state following its recent series of weapons tests. South Korea's Joint Chiefs of Staff said two short-range ballistic missiles Link (SRBMs)

Dow closes lower after disappointing bank results

* JPM tumbles 6% after Q4 report, Citi loses 1.3% * Wells Fargo rises 3.7% after higher profit * Casino stocks up as Macau caps new licenses at six * Dow falls 0.56%, S&P rises 0.08%, Nasdaq up 0.59% By Sinéad Carew Jan 14 (Reuters) - The Dow closed lower on Friday with a big drag from financial stocks as investors were disappointed by fourth quar

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