By Shariq Khan NEW YORK (Reuters) -U.S. oil prices fell in frenzied trading on Tuesday to their lowest settlement levels…
Egypt inflation seen jumping to 18.75% in November, post-devaluation – Reuters Poll
By Patrick Werr CAIRO (Reuters) – Headline inflation in Egypt is likely to have sped up in November, a Reuters…
Global pensions with $3 trln on books fear stagflation -survey
LONDON (Reuters) – Global public pension schemes and sovereign wealth funds managing more than $3 trillion in assets fear a…
Kuwait central bank raises discount rate by half percentage point – statement
CAIRO (Reuters) – The central bank of Kuwait raised its discount rate by 0.50% from 3% to 3.50% effective Dec.…
Turkish exporters’ head says FX rate should better reflect inflation
By Ceyda Caglayan ISTANBUL (Reuters) – The Turkish lira’s sudden stability after a roller-coaster year, despite annual inflation near 85%,…
Gulf states, looking East, to reinforce economic ties with China as Xi visits Saudi
By Rachna Uppal DUBAI (Reuters) – Trade and investment ties between China and Gulf Arab states are expected to feature…
Airlines see return to profit in 2023, clash with airports
By Emma Farge GENEVA (Reuters) -Global airlines are predicting their first industry-wide profit since 2019 next year as air travel…
Oil falls over 3% after data raises Fed interest rate worries
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 3% on Monday, following U.S. stock markets lower, after U.S.…
French prosecutors name Ukrainian suspect in Lebanese central bank probe
(This story has been refiled to fix a typo in paragraph 11.) By David Gauthier-Villars (Reuters) – French prosecutors said…
Moody’s sees ‘very high’ foreign exchange risk for banks in Ukraine, Turkey
LONDON (Reuters) – Banks in countries such as Ukraine and Turkey face a “very high” risk from restrictions on capital…