ECB maintains rate floor, monitors economic outlook
The European Central Bank (ECB) plans to maintain a “floor” under market interest rates, with the decision on the…
Browsing Tag
reserve
Moody’s downgrades NYCB bank
Moody’s Investors Service downgraded New York Community Bancorp's (NYCB) credit rating to junk status, according to…
Egypt CBE increases reserve requirement on deposits by 14%
The Central Bank of Egypt (CBE) said on Tuesday it is increasing the reserve requirement on deposits from ten…
Egypt’s CBE receives 2nd tranche of IMF loan
The second tranche of the International Monetary Fund’s (IMF) loan to Egypt, $1.25 billion, has entered the…
Egypt planning 200% surge in rice production, says Supply Ministry
Egypt's Minister of Supply and Internal Trading said that Egypt targets rising rice production by 200 percent…
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…
Stocks, dollar recover ground after U.S. jobs report
Stocks overcame early weakness and the dollar and U.S. Treasury yields rallied on Friday after data showed U.S.…
Foreign reserves rise to $24.265 bln at end-December: CBE
Egypt's net foreign reserves rose to $24.265 billion at the end of December from $23.058 billion at the end of…
Sugar reserve is sufficient until next May: Egypt’s Supply
Egypt's strategic reserve of sugar is safe and sufficient until next May, Spokesman of Supply Ministry, Ibrahim…
Gold rises by most in a month as US dollar eases
Gold prices rose on Thursday, as the U.S. dollar slipped against a basket of currencies, but gains were limited on…
Oil prices steady in quiet holiday season trade
Oil prices were little changed on Tuesday in light pre-New Year holiday trading with markets adopting a…
Strategic wheat reserves enough to last until early April: Egypt’s Supply
Egypt's strategic wheat reserves are sufficient to last until the beginning of April, the country's Supply Minister…
Fuel reserve in Syria’s rebel-held east Aleppo exhausted: civil defense
The civil defense in Syria's rebel-held eastern Aleppo has exhausted its fuel reserve and all fuel remaining in its…
Asia markets make a turnaround to trade mostly higher
Asia markets found a new spring in their step, trading mostly higher on Monday, as dollar strength took a breather…
Rice reserves sufficient for 16 months, Egypt’s official says
Egypt's strategic rice reserves is sufficient for upcoming 16 months, Head of the Rice Division at the Federation…
US stocks end lower in choppy trade as a Fed meeting, presidential election loom
U.S. equities fell on Tuesday, the first trading day of the month, as recent election news and a Federal Reserve…
Asian shares mixed; BOJ and RBA hold policy steady
Asian stock markets were mixed with Chinese markets higher, as RBA and BOJ left monetary policy unchanged.…
Gold little changed as market focus turns to US Fed meeting
Gold prices held steady on Monday amid a firm dollar, with markets anxiously awaiting the upcoming Federal Reserve…
European stocks close lower; US GDP rises 2.9%
European markets closed slightly lower Friday as the earnings season continues amid heightened expectations that…
Gold broadly steady; investors look to physical demand from India
Physical demand ahead of the festival season in India kept gold prices steady on Thursday amid a firm dollar, while…
Dollar pauses vs yen after getting lift from US yields
The dollar held steady near a three-month high against the yen on Thursday, as rises in U.S. bond yields and…
Egypt’s foreign reserves rose to $19.6bn in September: CBE
Egypt’s net international reserves rose in September to $19.591 billion up from $16.564 billion in August, the…
Fed Leaves door open to raise interest rates as soon as September
The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic…
Egypt’s PetroSilah Petroleum adds 8mn barrels of crude oil to general reserve
PetroSilah Petroleum Company added 8 million barrels to its general reserve during 2015, Chairman Taher Abdel Rahim…
CBE to consider floating pound when foreign reserves hit $30bn
The Central Bank of Egypt (CBE) will consider floating the local currency when foreign reserves hit between $25bn…
Egypt’s foreign reserves levels ‘reassuring’ – CBE’s Amer
Egypt's foreign currency reserves levels are 'reassuring' and current situation is 'stable', to witness more…
Asia shares mixed, dollar strong after U.S. jobs data boosts case for Fed hike
Asian stocks were mixed, with Japanese and Chinese shares up, while the dollar stood at a 7-month high against…
Euro rises vs dollar as bets on September Fed lift-off fade
The euro rose for a third straight day against the dollar on Tuesday, as expectations that the U.S. Federal…
Asian stocks mixed as investors eye US jobs data
Asian equities traded mixed on Friday, as investors turned their attention to the release of the U.S. nonfarm…
US stocks close lower as Sept. rate-hike talk gains steam
U.S. stocks finished lower Tuesday, but off the session lows hit when one Federal Reserve president indicated a…
IMF lays out hurdles to yuan as reserve currency
China will likely have to move ahead with market liberalization before the International Monetary Fund (IMF)…
Caution reigns as Fed and Greek uncertainty rumble on
Investors in most asset classes traded cautiously on Wednesday as they waited for a signal from the U.S. Federal…
Egypt’s Strategic Wheat Reserve Sufficient until 2016- Minister
Egypt's strategic wheat reserve is sufficient until January 2016, Supply Minister Khaled Hanafy announced…
Europe stocks stumble, dollar lifted by U.S rate view
European shares fell in thin trade on Monday while the dollar powered ahead after U.S. Federal Reserve Chair…
Greece asks Public Agencies to Hand over Reserve Cash
Greece has ordered its public sector bodies to hand over any reserve cash to help it meet a payment due to the…
US Federal Reserve ‘Underestimated Financial Crisis’
The US Federal Reserve may have underestimated the looming 2007 global financial crisis, released transcripts from…
Egypt Offers Land Plots To Egyptians Abroad
Egypt has began to offer new city land plots to Egyptians abroad in a program expected to pump $2.5 billion into…