Oil declines in early Wednesday trade
Oil declined on Wednesday due to reports of a surge in crude stockpiles in the US, and indications that major…
Yen drops to 34-yr low against US dollar
Japan issued its strongest warning yet on potential currency intervention as the yen hit a 34-year low, trading…
USD up against EGP in early trading
The Egyptian pound started off with a downward trend against the US dollar on the market opening of Wednesday,…
Russia turns to Oman’s coasts for ship-to-ship oil transfer
Ship-to-ship transfers of Russian oil bound for India are increasing off the coast of Oman as the US intensifies…
Japanese stocks edge up on Wednesday
Japanese stocks rose on Wednesday as the yen weakened to its lowest level since 1990, while Chinese markets…
Nigeria c.bank raises rates by 200bps
Central Bank of Nigeria (CBN), under Governor Olayemi Cardoso, raised its monetary policy rate by 200 basis points…
Alibaba plans to acquire Cainiao’s remaining 36% stake for $3.7b
Alibaba Group announced on Tuesday that it plans to acquire the remaining 36 per cent stake in Cainiao for up to…
Ghana to expedite discussions on debt restructuring – minister
Ghana's Finance Minister Mohammed Amin Adam expressed the government's desire to expedite discussions on debt…
USD up in Egypt’s market – CBE
The Central Bank of Egypt (CBE) noted a rise in the average exchange rates of the US dollar against the Egyptian…
China c. bank conducts 150b yuan of reverse repos
The People's Bank of China (PBC) conducted 150 billion yuan ($21.14 billion) of seven-day reverse repos at an…
