URGENT: US Fed cuts rates by a quarter point
US Federal Reserves’ policymakers reduced on Thursday the key interest rate by a quarter point, bringing the target…
Egypt’s CBE issues EGP 60b in T-bills
The Central Bank of Egypt (CBE) is offering 60 billion Egyptian pounds in treasury bills (T-bills) on Thursday.
EGP down vs. USD at Thursday’s close
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
European shares up as BoE cuts interest rate
European stocks rose on Thursday after the Bank of England announced an interest rate cut.
Trump’s victory raises concerns for Wall Street’s China plans
More US financial firms may scale back operations in China, separate local units to reduce risks, or delay…
FRA: August financing hits EGP51.5b
The Egyptian Financial Regulatory Authority (FRA) reported that total financing from entities under its supervision…
URGENT: BoE cuts interest rate by 0.25 points
The Bank of England cut its interest rate by 0.25 percentage points to 4.75 per cent in its November 6 meeting,…
China’s c. bank offers 19.2b yuan off reverse repos
People’s Bank of China (PBC) announced on Thursday a seven-day 19.2 billion-yuan reverse repo at an interest rate…
China’s gold-buying hiatus extends to 6m
China's central bank maintained its gold reserves at 72.8 million troy ounces in October, marking the sixth…
Bitcoin hits record on Trump election win
Bitcoin surged to a record high of $76,475 on Wednesday before stabilising near $74,800 by Thursday morning in…