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Business
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Economy
8/7/2011 11:01:44 PM
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Business
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Economy
8/7/2011 6:16:45 PM
Egyptian stocks feel the early impact of the US credit downgrade, mirroring regional markets to lose more than 4 per cent as worries build over the global economy
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Business
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Economy
8/7/2011 5:02:26 PM
The US rating downgrade sparks immediate declines in the Middle East's financial markets as concerns rise over the state of the global economy
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Business
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Economy
8/7/2011 4:03:43 PM
Head of sovereign ratings says the impact of the credit downgrade on markets will be mild, calling the treasury department's criticism of its analysis 'a complete misrepresentation'
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Business
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Economy
8/7/2011 3:11:21 PM
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Business
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Economy
8/7/2011 11:58:27 AM
After $2.5 trillion was wiped from global markets in the last week, leaders are under mounting pressure to reassure investors that Western governments can reduce their growing public debt
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Business
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Economy
8/6/2011 10:53:56 AM
S&P cuts U.S. long-term credit rating to AA-plus; a move which is likely to eventually raise borrowing costs for the American government, companies and consumers.
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Business
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Economy
8/5/2011 4:05:39 PM
Stock traders breath a sigh of relief at the news that the U.S. added more jobs than expected during July, putting a halt to one of the worst selloffs since the height of the 2008 financial crisis
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Business
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Economy
8/5/2011 12:01:24 PM
An overnight panic triggered the worst sell-off on Wall Street since the global financial crisis, investors in Asia slashed positions in equities and commodities and scrambled for the safety of cash and government bonds
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Business
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Economy
8/4/2011 2:04:53 PM
Lifting of the debt ceiling agreed on Tuesday has put the country's debt above its annual level of production for the first time in more than 60 years
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Business
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Economy
8/3/2011 1:47:49 PM
Companies part-owned by Gaddafi's government can make transactions but are unable to transfer dividends, sell stakes or pay back debt
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Business
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Economy
8/3/2011 12:05:47 PM
Slowdown in major economies could put the brakes on global shipping and prune a key source of Egyptian income, warns canal chairman
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Business
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Economy
8/2/2011 3:40:22 PM
Latest wave of short-term debt sales carry a fixed rate of 9.25 per cent and forms part of central bank's plan to keep interest rates from rising
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Business
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Economy
8/2/2011 11:36:54 AM
Head of UAE energy firm says it is still awaiting the $148 million which Egypt says has been settled
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Business
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Economy
8/2/2011 10:55:15 AM
SC Lowly Financial says it is reaching out to all the troubled developer's creditors with a view to investing in their trade claims
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World
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International
8/1/2011 3:31:07 PM
Obama and Republicans reach a framework on spending cuts after hours of negotiations, package awaits approval from Congress
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Business
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Economy
8/1/2011 11:10:29 AM
President and Republican foes reach a framework for more than $2.4 trillion in spending cuts just two days before the country would run short of cash
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World
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International
7/31/2011 3:53:19 PM
Republicans say that an agreement is within reach with Democrats to curb spending and decide on an increase in the debt ceiling avoiding an unprecedented default
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Business
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Economy
7/31/2011 11:59:35 AM
Weaker-than-expected second-quarter figures underscore the frail state of the recovery, as economists say it could fall off the rails if lawmakers fail to raise the borrowing limit
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Business
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Economy
7/29/2011 5:35:13 PM
Unless the $14.3 trillion debt ceiling is raised by Tuesday, the United States will lose its ability to borrow and start to run out of cash to pay its bills
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