Asia’s third largest economy prep for rate cut to battle low inflation
The Reserve Bank of India was widely expected to cut on Wednesday its main policy rate to the lowest in the more…
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Banks news
SocGen posts 28% profit fall but sees growth in Africa, Russia
Continued pain at Societe Generale's domestic retail division and a fall in the profitability of its global banking…
Banque Misr endorses 2045 strategy to expand funding for SMEs
Egypt's second biggest bank, state-run Banque Misr has endorsed a strategy, named 2045, aiming to expand its…
Egypt’s foreign reserves jump to $36.04 bln, highest since Dec 2010
Egypt’s foreign reserves soared to $36.036 billion at the end of July, the highest level since December 2010, the…
Bank of England staff walk out in first strike action for 50 years over pay dispute
Workers at the Bank of England (BOE) walked out Tuesday on strike for the first time in five decades, over a pay…
Britain could lose 40,000 investment banking jobs in Brexit exodus: report warns
The U.K. could lose up to half of its investment banking jobs in the coming few years if the government continues…
Egypt’s M2 money supply rose 39.42% at end of June- central bank
Egypt's M2 money supply grew 39.4 percent at the end of June from a year earlier, central bank data showed Monday.…
Egypt’s external debt rises 9.7% to $73.88 billion in three months
Egypt’s external debt rose 9.7 percent from December 2016, to March 2017, according to the monthly report of the…
Sanctions cut Qatar central bank’s June foreign reserves by $10.4 bln
The Qatar central bank's net international reserves fell by $10.4 billion in June to $24.4 billion because of…
Eurozone core inflation surges, unemployment falls
Eurozone inflation was stable during July but its core measure, which is closely watched by the European Central…