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Egypt’s benchmark stock index is extending its gains for the third consecutive day, after landmark parliamentary elections eased investor sentiment about the country’s political instability.
The Egyptian Exchange’s EGX30 index was up about 1.25 percent by 1:15 p.m. local time on Thursday, climbing to 4,070 points. The index posted gains slightly under 1 percent on Wednesday […]
Egypt’s military rulers picked a prime minister from ousted leader Hosni Mubarak’s era to head the next government in a move quickly rejected by tens of thousands of protesters, while the United States ratcheted up pressure on the generals to quickly transfer power to a civilian leadership.
More than 100,000 people packed into Cairo’s central Tahrir […]
Any hopes that the 17-country eurozone will avoid sliding back into recession in the wake of a debt crisis that’s shown alarming signs of spreading to the bigger economies appeared to have been dashed Wednesday.
A couple of indicators show that the eurozone economy is in deep trouble and that the debt crisis is denting confidence […]
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A former banker at Switzerland’s UBS AG has been sentenced to five years’ probation and no jail time for tax fraud because of his assistance in uncovering other tax evasion cases.
A federal judge in Miami agreed Friday that 45-year-old Renzo Gadola deserved leniency. He pleaded guilty in 2010 to tax fraud conspiracy and has been […]
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Economist Mario Monti won pledges of support Sunday to lead a new technocratic government to try to rescue Italy from financial disaster, including from Silvio Berlusconi’s conservative party.
But Berlusconi’s ally, the Northern League, said it would become an opposition party rather than back Monti.
After days of being pummeled by international investors skittish about Italy’s massive […]
Stocks are opening broadly higher after an unexpected drop in unemployment claims and signs of progress in Europe’s debt crisis. The gains came one day after the Dow Jones industrial average sank nearly 400 points.
Concerns about Europe eased slightly after Italy sold debt at borrowing rates that were more favorable than analysts expected. Greece named […]
One-time Sandinista revolutionary Daniel Ortega took a big early lead in presidential elections Sunday, amid reports of protests and international observers being blocked from voting stations.
Ortega, the incumbent and heavy favorite, had 66 percent of the votes compared to 25 percent for his nearest challenger, Fabio Gadea. Conservative Arnoldo Aleman, a former president, was a […]
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Defenses shielding the center of Thailand’s capital from the worst floods in nearly 60 years mostly held at critical peak tides Saturday, but areas along the city’s outskirts remained submerged along with much of the countryside.
Prime Minister Yingluck Shinawatra said the floodwaters have started to recede after killing almost 400 people, submerging entire towns across […]
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European countries will force their largest banks to quickly increase their capital buffers as part of a grand strategy to solve the continent’s debt troubles, but leaders gathered at a crisis summit struggled to agree on the other key parts of the plan.
Strengthening Europe’s banks is key to finally getting a grip on the debt […]
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A year and a half after beginning its pursuit of Macarthur Coal Ltd., St. Louis-based Peabody Energy Corp. has gained control of the Australian mining company.
Peabody, which teamed with one of Macarthur’s largest shareholders, steelmaker ArcelorMittal, to buy the coal producer, said Monday that they control almost 60 percent of the company and plan to […]
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