Fed Oks Goldman Sachs, J. P. Morgan Capital Plans
The Federal Reserve said on Monday that it had no objections with revised "stress test" capital plans submitted by…
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Australia Central Bank Keeps Rate at 2.5%
Australia's central bank held interest rates steady as a recent slide in the Australian dollar toward three year…
Alexandria Governor Meets with World Bank Delegation
Alexandria Governor Tarek Mahdi met on Sunday with a delegation of the World Bank (WB) and representatives of the…
Egypt Expected to Keep Interest Rates on Hold
Egypt is expected to keep interest rates unchanged at a monetary policy meeting on Thursday, as officials try to…
CBE Offers its First FX Auction for This Week with $40 mln
The Central Bank of Egypt (CBE) has offered today its first foreign exchange auction for this week totaled US$ 40…
Bank of Japan Chief Hopes Firms Will Hike Salaries
Bank of Japan Gov. Haruhiko Kuroda on Monday called on business leaders in one of the country's key manufacturing…
Citigroup to BofA Spurn Treasuries to Hoard Cash on Taper Risk
Never before have America’s banks been so wary of risking their cash deposits on U.S. government debt. After…
Saudi Arabia Will Provide Egypt with $5 Bln Package
A senior official at the Ministry of Finance said Saudi Arabia would offer a new aid package to Egypt worth US$5…
Kuwait Fund Delegation in Cairo to Discuss New Aid Package to Egypt
A delegation from the Kuwait Fund for Arab Economic Development arrived in Cairo on Saturday evening to discuss a…
Egypt’s Deputy PM Flies to London to Discuss EBRD Financing Plans
Egypt’s Deputy Prime Minister and Minister of International Cooperation Ziad Baha El-Din has departed for London…