European shares hold amid ASML, LVMH reports
European shares remained steady on Wednesday, lingering near a low of over a month as investors focused on…
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Russia’s ’24 GDP growth forecast may rise following robust start
Russia’s Economic Development Ministry will soon complete its macroeconomic forecast scenarios, most likely to…
UK’s March inflation drops to 3.2%
Britain's consumer price inflation rate has decreased to a two-and-a-half-year low of 3.2 per cent annually in…
Egypt to regulate unsubsidised bread prices
The price of flour has dropped by approximately 35 per cent, from 28 EGP to 18 EGP per kilogramme, following the…
Egypt’s currency slightly up vs. USD in early trade
The Egyptian Pound (EGP) experienced a slight uptick against the US Dollar (USD) in early trading on Wednesday,…
IMF foresees EU ’25 GDP growth at 1.8%
The International Monetary Fund (IMF) released a new report forecasting steady economic growth for the European…
EGP drops against USD on Tuesday
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
Rate cuts on horizon; says next BoE deputy governor
While it’s too early to specify when, a rate cut by the central bank is imminent, Clare Lombardelli, the incoming…
Morgan Stanley, Deutsche Bank: ECB to make 75bps rate cut in ’24
Morgan Stanley and Deutsche Bank, anticipate a 75 basis point (bps) reduction in borrowing costs by the European…
European stocks fall to 6-week low amid tensions, Ericsson shares soar
Europe’s main stock index hit a near six-week low on Tuesday, falling 1.4 per cent due to investors avoiding risky…