Maersk expects low ’24 earnings
Maersk said on Thursday that it expects 2024 earnings to be significantly lower than last year's level due to an…
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China reveals key interest rate reform to support a slowing economy
China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for…
Pressure amounts on Fed for ‘large’ rate cut
President Donald Trump stepped up his attacks on the Federal Reserve, demanding a “large cut” in interest rates as…
U.S Fed may cut interest rates if inflation keeps disappointing: Bullard
- Further weakness in inflation could prompt the U.S. Federal Reserve to cut interest rates, even if economic…
Mubadala to buy 20% interest in Egypt’s Nour offshore concession from Eni
Abu Dhabi state fund Mubadala Investment Company’s oil business has agreed to buy a 20 percent participating…
HC expects unchanged interest rates, inflation to stabilise in August
HC Securities & Investment expected Egypt’s inflation to stabilise in August by 1 percent, with anticipations…
BOJ board disagreed on new tolerance for yield moves at last meeting
Bank of Japan board members disagreed on how far interest rates should be allowed to move from the central bank’s…
Egypt’s policy measures improve banking but investments slow: BLOM official
Egypt's policy decisions last November to float the pound and subsequently raise interest rates have improved…
US pharmaceutical firms look to boost investments in Egypt
Representatives of U.S. pharmaceutical companies expressed their interest in a possible increase of investments in…
Dollar jumps vs yen, outlook seen clouded by N.Korea tensions
The dollar edged higher against the yen on Monday, pulling away from last week's near 4-month low, with rising…
Dollar prices drift lower as investors await US inflation data
The dollar inched down slightly in Asian trading on Tuesday, but maintained most of the gains it made on last…
FDI to exceed $10 bln in Egypt this year: minister
Foreign direct investments (FDI) may exceed $10 billion in Egypt within 2017, Egypt’s Minister of Investment and…
Dollar prices inches up from 15-month low
Dollar inched away from a 15-month low versus a basket of currencies on Thursday, but was still looking wobbly…
Brexit ‘implementation phase’ would be in UK interest: Minister
It is in Britain's national interest to have an "implementation phase" when it leaves the European Union,…
Dollar prices lick wounds at 13-month low after Fed inflation view
The dollar licked its wounds at 13-month lows against a basket of major currencies on Thursday after the U.S.…
European markets set to open mixed; Deutsche Bank and Bayer report earnings
European bourses are expected to open mixed on Thursday morning after the U.S. Federal Reserve kept interest…
Banque Misr says has financed Mowasalat Misr project – Phase I
Egypt’s second biggest bank, state-run Banque Misr announced Thursday that it has financed 60 percent of the first…
Gold rises after Yellen hints at only gradual tightening
Gold prices rose on Thursday after U.S. Federal Reserve Chair Janet Yellen said the central bank would only…
Unexpectedly surge in interest rates by 200 basis points: Egypt CBE
The Monetary Policy Committee (MPC) at the Central Bank of Egypt (CBE) announced raising interest rates by two…
Dollar firms after strong US jobs report, backs Fed hike view
The dollar gained on Friday after a report showed the U.S. economy created far more jobs than expected in June…
Dollar advance stalls as oil slides, pound struggles near 2-month low
Dollar prices pulled back from one-month highs against a basket of currencies on Wednesday as tumbling oil prices…
Dollar firmer vs yen after Fed’s Dudley strikes hawkish tone
The dollar reached a more than three-week high versus the yen on Tuesday, after an influential Federal Reserve…
Dollar falls on weak data, yen on back foot as BoJ stays pat
The dollar fell against a basket of currencies on Friday on weaker-than-forecast data on housing and consumer…
Asian shares mostly higher after tech stocks continue decline on Wall Street
Markets in Asia were mostly higher in Tuesday trade after tech stocks extended their losses stateside. In Japan,…
Orascom Construction posts 21.7% increase in Q1 net income
Egypt-based Orascom Construction (OC) has reported a 21.7 percent increase y-o-y in its net income during the first…
Gold rises for a fourth day as dollar eases on weak US data
Gold prices rose for a fourth day on Tuesday as the dollar eased on signs of slower economic activity in the…
European markets to open lower as investors digest Trump comments
European bourses are expected to open lower on Thursday morning as investors digest U.S. President Donald Trump's…
Fed’s Yellen aims to let healthy US economy coast along
The Federal Reserve's plans to raise U.S. interest rates gradually are aimed at sustaining full employment and…
Gold prices rise after hitting five-month high
Gold pared gains after hitting a five-month high earlier on Friday after U.S. jobs data dampened expectations that…
Dollar gains after brief selloff following soft US jobs report
The dollar rose on Friday as a drop in the U.S. unemployment rate for March despite a much lower-than-expected…
Dollar prices pull higher on Fed talk
U.S. dollar pulled away from 4-1/2-month lows against a currency basket on Wednesday after solid data backed…
Egypt’s defence minister, US Congress delegation discuss combatting terrorism
Egyptian Defence Minister Sedky Sobhy has met with a U.S. Congress delegation currently visiting the country and…
Stocks close mostly higher after Fed keeps rates unchanged
U.S. equities closed mostly higher on Wednesday after the Federal Reserve kept interest rates unchanged, as was…
Trump Organisation handover plan slammed by ethics chief
The director of the US Office of Government Ethics has sharply criticised Donald Trump's plan to hand his global…
Gold climbs, but gains limited by rate hike prospects
Gold prices edged up in a technical rebound on Monday after one-month highs hit last week were undercut by the…
Mexico will pay US back for wall
The US Congress is exploring ways to pay for a southern border wall, with payment to be sought from Mexico later.…
Fed policymakers agree Trump fiscal boost poses inflation risk
Almost all Federal Reserve policymakers thought the economy could grow more quickly because of fiscal stimulus…
UK’s EU ambassador tells colleagues to challenge ‘muddled thinking’
The UK's ambassador to the EU urged British colleagues in Brussels to challenge "muddled thinking and... speak…
CBE keeps key interest rates unchanged
Egypt’s central bank kept its key interest rates unchanged on Thursday, holding fire on further action until the…
Asia markets trade mostly higher after BOJ decision to keep policy steady
Asian shares traded mostly higher on Tuesday with the exception of China and Hong Kong as continued capital…