S&P expects rising sovereign debt defaults next decade
S&P Global Ratings anticipates an increase in foreign-currency debt defaults among sovereign issuers over the…
Browsing Tag
currency devaluation
Egypt’s growth outlook cut to 4% – poll
Egypt's economic growth is expected to be lower than earlier anticipated this year, as per a Reuters poll released…
Argentina slashes benchmark rates to 80%
Argentina’s central bank has reduced its benchmark interest rate from 100 per cent to 80 per cent, which aligns…
Turkey textile makers mull shift to Egypt
Turkish textile manufacturers are considering shifting their manufacturing investments to Egypt due to currency…
Nigeria, Egypt currency depreciations depress Africa insurance premium: AIO
There are indications that currency devaluation such in Egypt and Nigeria, is taking huge toll on Africa’s…
Egypt’s pound shows Nigeria must overcome its fear of floating free – Reuters
A currency devaluation may do little to fix Nigeria's problems unless it follows the examples of emerging market…
Cairo stocks end week in record volume on signs of dollar inflows
Egypt’s stock market jumped in record volume on Thursday triggered by signs that hard currency was flowing into the…
Egyptian pound hits record low to 12.90 against dollar on black market
Egypt’s currency has weakened to a record low of 12.90 against the dollar on the black market on Sunday, as the…
Devaluation surge ends, Egypt stocks slump on Monday
Egypt’s stock market pared its advance on Monday after two sessions of strong gains. Main index, EGX30 tumbled 0.15…
Japan rules out FX devaluation, signals action vs abrupt yen surge
Japan will refrain from competitive currency devaluations but retains the right to act against short-term yen…
