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CAIRO (Reuters) - The Central Bank of Egypt (CBE) said on Sunday it was lowering the reserve requirement on local currency deposits to 10 percent from 12 percent to increase banking sector liquidity, its second such move in two months. The new ratio is effective starting on June 26, the bank said on its website. On March 20, it announced it was reducing the ratio to 12 percent from 14 percent. ...
Memorial Day may mark the unofficial start to summer, but investors won't be getting any rest and relaxation during the coming week.
AMSTERDAM (Reuters) - Support in the Netherlands for the five parties that back budget cuts to meet EU targets has fallen sharply over the past month and below the level needed to form a government after elections in September, a poll showed on Sunday. The euro zone's fifth-largest economy has been one of Germany's most committed allies in pushing for euro zone fiscal discipline, but that was ...
Central banks in emerging markets continued to gobble up gold last month, and analysts anticipate this trend has legs. Why are these central banks doing it? And why should you care?
The New Zealand dollar rose on speculation Spain may tap European Central Bank funding to bailout the recently nationalised lender, Bankia SA, to prevent a national banking sector collapse. The New Zealand dollar rose to 75.72 US...
Swiss central bank President Thomas Jordan said pressure on the franc ceiling has increased since the recent renewed turmoil in the euro area, SonntagsZeitung reported, citing an interview.
The Australian dollar is half a US cent higher as optimism grows that Greece will stay in the euro zone.At 0700 AEST on Monday, the local unit was trading at 98.17 US cents, up from 97.64 cents on Friday.Bank ...
MANILA, Philippines - The head of the Bangko Sentral ng Pilipinas (BSP) said there is no need to come up with a single currency in Southeast Asia just topursue economic integration among the member countries of the Association of Southeast Asian Nations (ASEAN).
The latest figures on U.S. jobs will steal some of next week’s spotlight in the stock market arena, but concerns over Greece’s potential exit from the euro zone will remain the star.
Egypt met its fundraising target at a government-debt auction and the central bank cut the local- currency reserve requirement after the country’s presidential vote last week.
The New Zealand dollar has gained on speculation Spain may tap European Central Bank funding to bail out the recently nationalised lender, Bankia SA.
The Australian dollar is slightly lower after US stocks fell on Friday.At 0630 AEST on Monday , the local currency was trading at 97.51 US cents, down from 97.64 cents on Friday.
A summary of trading in key commodities markets overseas:ENERGYWorld oil prices edged higher on Friday amid worries about Iran's continuing standoff with major powers over its disputed nuclear program.New ...
FXstreet.com (Barcelona) - The Australian Dollar has been trading higher against the Greenback,... For more information, read our latest forex news.
May 28 (BusinessDesk) - The New Zealand dollar rose on speculation Spain may tap European Central Bank funding to bailout the recently nationalised lender, Bankia SA, to prevent a national banking sector collapse.
BRUSSELS: The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health, European Union (EU) leaders said ahead of a June summit of the G20 economies.
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