Pressure mounts on emerging markets
Global investors are unwinding their bets on local currency bonds, a trend that could potentially put pressure on central banks to raise interest rates. This...
Tag: Egypt
Egypt devalues its currency by over 30%
Egypt has devalued its currency, allowing it to weaken by about 35%. The pound plunged to 48.18 to the dollar in Cairo, down from around...
The Gaza conflict is another issue for central bankers
Two European giants in oil and gas declared on Monday that their oil tankers would avoid the waters off the coast of Yemen, a crucial...
The crisis in the Middle East: a risk to the global economy?
Like past wars in the Middle East, the conflict between Israel and Hamas that erupted last week could potentially disrupt the global economy and even...