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...But the biggest short-term impact has come from a $35bn deal with the United Arab Emirates to buy development rights of prime land on Egypt’s Mediterranean coast in the Ras al-Hekma area....
...The sell-off, which includes stakes in oil companies and historic hotels, is part of an ambitious plan to raise billions of dollars by privatising 32 state owned-companies, a move announced in February that...
...The commitment to greater use of local currencies fell short of the anti-dollar rhetoric heard before the summit, such as Brazil’s Lula floating the idea of a Brics common currency as a unit of trade....
...Saudi Arabia’s Public Investment Fund, which committed to invest $10bn in Egypt, recently pulled out of talks to buy state-owned United Bank after a fall in the Egyptian pound wiped hundreds of millions...
...The pound plunged as much as 14 per cent to trade at 32.2 to the US dollar....
...He didn't really want to be extradited to the United States, but I think after a short period in jail in the Bahamas that idea became a little bit more appealing to him. He was flown to the US....
...This basic approach seems appropriate so long as the default reflects a political impasse and not any underlying inability of the United States to meet its obligations, so that all payments on defaulted...
...For the market as a whole, the biggest sales decline was in the United States, the trade’s dominant centre with a 42 per cent share, which fell 24 per cent....
...Cash in hand peaks in the last week of December, as people give gifts of crisp dollars in envelopes. Then it drops again in January, as the dollars get deposited....
...The currency just keeps on going and even oil holding above 52.00/bbl in WTI is not enough to lend some support.” Your feedback I'd love to hear from you....
...to 32.5 per cent in 2018....
...He also commented on the rise in European share prices, tweeting: “German DAX way up due to stimulus remarks from Mario Draghi. Very unfair to the United States!”...
...In currency markets, the dollar index, a measure of the greenback against a basket of currencies, fell 0.1 per cent....
...The US imposed sanctions on state-owned Venezuelan oil company PDVSA late on Monday in an effort to curb its crude exports....
...Forex and fixed income China’s currency enjoyed its best week against the dollar in more than a decade....
...The new trilateral pact is to be called the United States Mexico Canada Agreement, they said....
...this year, sparked by a diplomatic dispute with the United States....
...The unrest, ostensibly over pay and the dire state of government services, began in early December and has been costing $32.5m a day in lost output....
...Mr Atilla was sentenced to 32 months in jail in May for his role in a plot to evade Iran sanctions....
...In currencies, the dollar index, a measure of the greenback against a basket of peers, was up 0.1 per cent. The yen was 0.3 per cent weaker at ¥106.76 and the pound was down 0.1 per cen at $1.3888....
...The dollar is heading back toward its lowest levels of the month as political developments in Washington muddy the outlook for the delivery of tax reform proposals that already looked priced into the currency...
...5,495 Dax unchanged 0.00 (0.00%) at 13,415 Currencies €/$ 1.24 (1.24) $/¥ 109.04 (109.21) £/$ 1.43 (1.42) €/£ 0.8706 (0.8709) Commodities ($) Brent Crude (ICE) up +0.34 at 70.87 Light Crude (Nymex) up...
...Regional currencies lost ground as the US dollar was firmer and oil edged lower....
...The dollar is higher across the board, and haven currencies look especially vulnerable to its advance in a relief rally for the buck after progress on Capitol Hill toward tax reform....
...of sterling as an international currency....
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