Egypt Surprises With Rate Hike Even as Devaluation Delayed
Egypt unexpectedly resumed its cycle of monetary tightening, seeking to tame inflation that’s running at an all-time high.
2023-08-04 13:49
UAE’s $60 Billion Firm Chases Global Deals Despite Vodafone Snag
Vodafone Group Plc’s biggest shareholder is pushing ahead with an ambitious global expansion strategy, undeterred by a slump
2023-08-04 13:23
Oil Coasts to Sixth Weekly Gain After Saudi, Russia Extend Cuts
Oil headed for a sixth straight weekly gain, the longest winning streak in more than a year, after
2023-08-04 08:27
Credit Suisse Collapsed, And Switzerland Went Back to Making Money
In 2022 it was “Schwinger,” or traditional Swiss wrestlers, that were the star attraction. This year it was
2023-08-04 07:15
Stocks in Asia Face Mixed Open After US Bond Rout: Markets Wrap
Stocks in Asia are set for a mixed open following a slump in US equities and bonds, as
2023-08-04 06:50
Russia Signals Cheaper Grain Shipments to Friendly Countries
Russia may offer cheaper grain exports to countries that have not imposed sanctions, the latest sign that Moscow
2023-08-03 22:48
Turkish Stocks Enjoy Longest Run of Foreign Inflows in a Decade
Overseas investors extended their buying spree of Turkish equities to the longest streak in a decade, a sign
2023-08-03 20:21
Turkish Inflation Surges More Than Forecast to End Long Slowdown
Turkish inflation ended its eight-month deceleration in July, putting it on track for a surge that the central
2023-08-03 15:23
Egypt Looks Beyond Rate Hike to Cool Record Inflation
Not even record inflation looks likely to spur Egypt’s first interest-rate hike since March, with policymakers seen raiding
2023-08-03 13:17
Turkish Inflation to Shift Into Higher Gear After Tax Hikes
After eight months of deceleration, Turkish inflation probably ticked back up in July on the back of a
2023-08-03 12:15
Oil Pares Risk-Off Decline With US Inventory Drop in Spotlight
Oil edged higher after posting the biggest loss in five weeks as traders took stock of a broad
2023-08-03 10:21
Egypt Currency Squeeze Sinks Bank Foreign Buffers to New Low
Net foreign assets held by Egypt’s commercial banks went into a record deficit in June, as a lack
2023-08-02 16:49