Hungary halts rate cuts amid inflation surge
The Hungarian National Bank decided on Tuesday to keep the base rate unchanged at 6.75 per cent for the first time…
Fitch assigns Indonesia’s Bank Sulutgo’s national ratings at A(idn)
Fitch Ratings affirmed Indonesia PT Bank Pembangunan Daerah Sulawesi Utara Gorontalo's (Bank Sulutgo) National…
CBE mopps up EGP933.550b to manage liquidity
The Central Bank of Egypt (CBE) withdrew 933.550 billion Egyptian pounds from the market on Tuesday through an open…
Huawei, Kenya join forces for cybersecurity boost
Chinese telecom giant Huawei has joined forces with the Kenyan government to bolster the cybersecurity capabilities…
ECB’s Knot: Sept. rate cut depends on data
Dutch ECB policymaker Klaas Knot stated on Tuesday that while the European Central Bank (ECB) could gradually lower…
China’s PBC injects 472.5b yuan to boost liquidity
People’s Bank of China (PBC) announced on Tuesday seven-day 472.5 billion-yuan reverse repo at an interest rate of…
S. Korea’s retail sales grow by 6.3% in July
South Korea's retail sales grew by 6.3 per cent in July, driven by robust online sales of food and daily…
US Latina contribution to GDP reaches $1.3t
Latina women’s economic output in the US has reached $1.3 trillion in 2021, surpassing the GDP of Florida and…
EGX closes in green on August 27
Egypt’s stock market (EGX) closed in the green area on Tuesday. The main index, EGX30 jumped by 0.76 per cent, to…
EU proposes €1b aid for flood recovery
The European Union (EU) has proposed over €1 billion in financial support from the EU Solidarity Fund (EUSF) to…