Egypt’s c. bank FX surplus up to $10.3b by June ’24
The net assets held by the Central Bank of Egypt (CBE) increased significantly to $10.3b up from (negative) $11.4b…
Egypt’s FX reserves hit $46.38b, surpass safety levels
Egypt's foreign exchange reserves hit a record high of $46.38 billion by June 2024.
US probes engine issue in Stellantis vehicles
The US National Highway Traffic Safety Administration has started an evaluation of 150,000 Stellantis vehicles for…
EU sanctions against Russia renewed for 6-m period
The Council of the EU renewed its restrictive measures against Russia for an additional six months, now valid until…
China’s fiscal revenue drops 2.8% in H1
China's fiscal revenue dropped by 2.8 per cent in the first half of 2024, reaching 11.59 trillion yuan ($1.62…
BOJ needs clearer signal on rate hikes – LDP official
The Bank of Japan (BOJ) needs to clearly show its commitment to normalising monetary policy by gradually increasing…
Indonesia launches SIMBARA
Indonesia has launched SIMBARA, an online tracking system to monitor the movement of nickel and tin from mines to…
ECB’s Kazimir hints at two more rate cuts this year
European Central Bank (ECB) policymaker Peter Kazimir indicated on Monday that the bank may consider two additional…
UK infrastructure investment grows in ’23
UK market sector investment in infrastructure reached £13.8 billion in 2023, reflecting a 3.9 per cent increase…
China to extend tariff exemptions on certain US goods until ’25
China's Ministry of Finance announced on Monday that it would extend tariff exemptions for imports of certain US…
