Month: April 2023

Reuters was first to report that markets were closely watching the Central Bank decision on Thursday as Egypt struggles to contain the impact of a long-running foreign currency shortage, inflation at five-year highs and a rising debt burden. Recent Reuters analyses laid out how the Egyptian pound had come under renewed pressure and a program […]

Reuters revealed that EU countries and lawmakers are likely to agree on a 43-bln-euro plan to boost the European Union’s chip industry on April 18 at a European Parliament session. The EU sees this as its answer to the $52 bln U.S. CHIPS Act and also in response to global supply chain problems in recent […]

Reuters exclusively reported that India’s Bank of Baroda (BOB.NS) has stopped clearing payments for Russian oil sold above the price cap set by the West from this month, a move that could expedite transition to a rupee trade mechanism. Some Indian refiners were paying in the United Arab Emirates dirham currency for Russian low-sulphur crude […]