URGENT: ECB announces 1st rate cut in 5 years
The European Central Bank (ECB) announced on Thursday a 25-basis-point reduction in key interest rates, according…
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EGP closes high vs. USD on Thursday
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
Spanish retailer Tendam eyes IPO after strong earnings
Spanish fashion retailer Tendam reported on Thursday a 10 per cent increase in core earnings during its 2023…
West African nations advocate for carbon offsets in climate finance
A coalition of 10 West African countries has called for the inclusion of carbon offsets in corporate net-zero…
BoE’s weekly repo hits all-time high at £19b
The Bank of England (BoE) allocated a record £19.096 billion ($24.40 billion) in its weekly short-term repo…
Russia’s central bank chief pushes for open economy
Russia's Central Bank Governor, Elvira Nabiullina, urged Russia to maintain an "open economy," despite the…
Russian inflation to decline in late ’24 – finance minister
Russia's inflation rate is expected to slow down in the latter half of 2024, Russian Finance Minister Anton…
Russian new car sales surge by 68% in early ’24
Russia's new car market has witnessed a remarkable 68 per cent growth in sales from January to May 2024, reaching…
UK watchdog reconsiders naming companies under investigation
The UK’s Financial Conduct Authority (FCA) is expected to revise its plans to publicly name companies under…
Russia redirects 80% of energy exports to allied nations
Russia has successfully redirected approximately 80 per cent of its energy exports to allied markets, primarily in…