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West Africa renames CFA franc but keeps it pegged to euro
By Ange Aboa ABIDJAN (Reuters) – West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris that have underpinned the region’s common currency since its creation soon World War Two. Under the deal, the Eco will remain pegged to the euro […]
Coronavirus weighs on South Korea February trade; ministry says worse to come
By Joori Roh and Cynthia Kim SEOUL (Reuters) – South Korean exports snapped a 14-month losing streak in February thanks to more working days this year compared to last, although evidence of disruptions from the coronavirus were reflected outside the headline figures. South Korea’s monthly trade data, the first to be released among major exporting […]
Wall Street hovers near record highs before tech earnings, Fed meeting
(Reuters) – Wall Street indexes hovered near record highs on Monday in a week packed with heavyweight technology earnings, with investors staying away from big bets in the runup to a policy meeting by the Federal Reserve.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, […]