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China injects $28.16b early boost to ’24 investment plans
China is ramping up its economic stimulus by allocating over 200 billion yuan ($28.16 billion) early this year,…
Private sector should make up 70% of Egypt’s economy – minister
The private sector should make up at least 65 – 70 per cent of Egypt’s economy, said Finance Minister Mohamed Maait…
HSBC plans to cut another 20 jobs in Asia
HSBC is reportedly expanding its investment banking job cuts in Asia, with plans to eliminate an additional 20…
Morgan Stanley terminates jobs in Asia
Morgan Stanley is trimming its investment banking workforce in Asia Pacific by at least 50 positions, sources…
Egypt’s c. bank auctions EGP 100b corridor-linked deposits
The Central Bank of Egypt (CBE) is offering corridor-linked deposits for a duration of 35 days, amounting to 100…
IMF lifts global growth forecast to 3.2% in ’24
The International Monetary Fund (IMF) revised on Tuesday the growth forecast upwards to 3.2, reflecting a 0.1…
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…
BofA profits decline in Q1 ’24
Bank of America (BofA) witnessed a decline in its profits on Tuesday, attributed to reduced earnings from customer…
Egypt issues EGP 500m fixed-coupon T-bonds
The Central Bank of Egypt (CBE) offered on Tuesday treasury bonds (T-Bonds) with fixed coupon in Egyptian pound…
