Yen firmer as weak oil curbs risk sentiment, Aussie sags
The yen edged higher on Tuesday as a fall in oil prices weighed on equities and risk appetite, while the Australian…
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Bank
BofA profit up as costs fall, revenue rises in most businesses
Bank of America Corp, the No. 2 U.S. bank by assets, reported Tuesday a better-than-expected rise in profit for…
Credit Agricole revives plan to simplify its structure, shares rise
French bank Credit Agricole is reviving plans to simplify its ownership structure with a scheme to inject…
Saudi bank deposits reach lowest level in 25 years
While Saudi Arabia is pumping record amounts of oil this year, low crude prices seem to be backfiring. As borrowing…
Egypt’s pound steady at first forex auction under new c.bank governor
Egypt's central bank held the pound steady at 7.7301 pounds to the dollar Sunday at the first official foreign…
Egypt’s central bank savior faces tricky balancing act
From bankers to carmakers, Egypt's business community will breathe easier when Tarek Amer takes charge at the…
Egypt issues €732.2 mln in T-bills at avg yield of 2.283 pct
Egypt's central bank stated Monday that it had sold 732.2 million euros in Euro-denominated one-year treasury…
World Bank agrees to establish first land bank in Egypt – Minister
Egypt and World Bank Group have agreed to establish the first land bank in the North African country, minister of…
Saudi to convert state real estate fund into bank
Saudi Arabia plans to convert a state-owned housing fund into a bank, the latest in a string of reforms to the…
Euro zone lending growth accelerates in July
Lending to euro zone households and firms accelerated slightly in July while a broader measure of money…