LONDON (Reuters) - JPMorgan forecast on Monday that Egypt's central bank could hike its key interest rate by another 200 basis points later this month amid signs that inflation was going "to the moon" following a bumper currency devaluation. Egypt’s…
By Bernardo Caram BRASILIA (Reuters) -Investors sold Brazil's real currency on Monday after leftist President Luiz Inacio Lula da Silva unveiled an industrial development plan for the next 10 years aimed at boosting sluggish growth with state credits and subsidies.…
By Maria Martinez (Reuters) -German industrial production unexpectedly fell in November, the federal statistics office said on Tuesday, marking the sixth monthly decline in a row. Industrial production decreased in November by 0.7% compared to the previous month. Analysts polled…
By Gabriel Araujo SAO PAULO (Reuters) - Global X, one of the world's top exchange-traded funds (ETF) providers, is optimistic about Brazil's prospects as Latin America's largest economy drives a monetary easing cycle and sees its economic growth overshoot forecasts.…
By Shashwat Chauhan and Ankika Biswas (Reuters) -European shares logged their first weekly loss in eight on Friday, as investors grappled with a plethora of mixed global economic data, marking a bumpy start to the New Year following 2023's stellar…
By Aidan Lewis and Patrick Werr CAIRO (Reuters) - Egypt holds a presidential election on Dec. 10-12 in which Abdel Fattah al-Sisi is set to secure a third term amid an economic crisis that has seen the Egyptian pound tumbling,…
By Sam Tobin LONDON (Reuters) - A former Goldman Sachs analyst used confidential information to make more than 140,000 pounds ($176,800) from shares in listed companies, prosecutors told a London court on Thursday. Mohammed Zina, 35, who was employed by…
By Andrea Shalal WASHINGTON (Reuters) - The U.S. Department of Agriculture on Wednesday said it would start accepting applications for an initial $300 million in funding to help U.S. agricultural exporters break into new markets outside China, Canada, Mexico and…
(Reuters) - Powerlong Real Estate said on Wednesday its cash on hand and bank deposits would not be enough to cover existing and future debt, making it the latest Chinese property developer that could default. In an exchange filing, Powerlong…
BEIJING (Reuters) -China's central bank on Monday said it would fend off systemic risks to the economy and use forceful and targeted monetary policy to better support domestic demand. In its quarterly policy implementation report, the bank laid out the…
