Financial markets

Musk ‘trolling’ puts brakes on bitcoin’s rebound
Technology

Musk ‘trolling’ puts brakes on bitcoin’s rebound

Bitcoin slipped four percent on Friday after Tesla boss Elon Musk was at it again – this time firing off…
Egyptian Stock Exchange suspends trading after a 5% drop
Economy

Egyptian Stock Exchange suspends trading after a 5% drop

The Egyptian Stock Exchange suspended trading on Tuesday for 30 minutes after the EGX 100 index fell by 5 percent,…
Politically correct? Bond market steers clear of judgment calls
Middle East

Politically correct? Bond market steers clear of judgment calls

LONDON (Reuters) – When Saudi journalist Jamal Khashoggi was killed in 2018, London-based hedge fund manager Dominic Armstrong bet investors…
Lebanese are gripped by worry as economic meltdown speeds up
Middle East

Lebanese are gripped by worry as economic meltdown speeds up

BEIRUT (AP) — Shops closing, companies going bankrupt and pharmacies with shelves emptying — in Lebanon these days, fistfights erupt…
Analysis: How Wall Street gains from ‘populist’ trading movement
World

Analysis: How Wall Street gains from ‘populist’ trading movement

(Reuters) – Steep gains in shares of GameStop Corp and other stocks this week have been described as populist market…
Analysis: Foreigners suspend disbelief, edge back into Turkish markets
Middle East

Analysis: Foreigners suspend disbelief, edge back into Turkish markets

ANKARA/NEW YORK (Reuters) – Foreign investors who for years saw Turkey as a lost cause of economic mismanagement are edging…
Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO – sources
Middle East

Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO – sources

DUBAI/LONDON (Reuters) – Saudi Basic Industries Corp (SABIC) has hired NCB Capital to advise on a potential listing of its…
Iraqis panic as leaked budget draft signals devaluation
Middle East

Iraqis panic as leaked budget draft signals devaluation

BAGHDAD (AP) — A leaked draft of Iraq’s state budget sent Iraqis into a panic on Thursday as it confirmed…
Saudi economy contracts 4.2% in third quarter, improves from second quarter
Middle East

Saudi economy contracts 4.2% in third quarter, improves from second quarter

DUBAI (Reuters) – Saudi Arabia’s economy shrank 4.2 percent in the third quarter from a year earlier, government data showed…
World feels sting of US Federal Reserve
Economy

World feels sting of US Federal Reserve

JAKARTA/BUENOS AIRES/WASHINGTON (Reuters) – When the US Federal Reserve kept lifting interest rates this year, a world away in Jakarta…
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