Latest in Tag: euro Highlight
Latest in Tag: euro
Catalonia seeks rescue as Spain recession deepens
As Spain seems closer to a sovereign bailout, Catalonia reach out for a $6.3b government rescue
Merkel gives Greece grounds for Euro hope
Germany’s Chancellor gives Greece eurozone hope, after talk with its prime minister
Government begins debt swap negotiations with European countries worth $1b
By Islam Zayed A high-ranking source at the Ministry of Finance (MOF) revealed that the government is working on several projects regarding relief of public debt, reduction of budget’s deficit and reforming the Egyptian economy, all in parallel. The Foreign Relations Department at the Ministry of Planning and International Cooperation (MPIC) continues to negotiate the …
Currency exchange rates see relative stability after Eid El-Fitr break
By Waleed Abdel Azim The exchange rates of different currencies have stabilised during the Eid holiday and demand has not increased for any of the major currencies. The US dollar recorded a rate of 6.08, the Euro recorded a rate of 7.55 and the GB pound recorded a rate of 9.85 to the Egyptian pound. …
Spain borrowing costs dip but crunch looms
Spain still facing a huge repayment crunch, warned analysts
Asian markets higher despite eurozone uncertainty
Asian markets remain higher, following Germany refusal to take action towards the eurozone debt
Geithner visit to Germany sparks euro hopes
Brelin (AFP) — The top US finance official began meetings with his German counterpart and the head of the European Central Bank Monday, fuelling hopes Europe is readying decisive action to save the crisis-wracked eurozone. US Treasury Secretary Timothy Geithner met Wolfgang Schaeuble on a holiday island off the north German coast amid pressure on …
European stocks rise, euro falls, bond yields ease
European and US stock markets mostly rose on Monday while the euro fell against the dollar