Egypt's stock exchange suspended trading for 30 minutes on Sunday after the EGX 100 index fell by 5%, bourse data showed. Analysts linked the sharp drop in share prices to small protests that broke out in Cairo and other cities on Friday. It was the first time the exchange had suspended trading in the EGX 100 because of a 5% swing since 2016.
Trading on Egypt's stock exchange was suspended on Sunday after the EGX 100 dropped by 5%, a fall that analysts linked to protests which broke out in Cairo and other cities over the weekend.
By Alexander Osipovich and Avantika Chilkoti. Major U.S. stock indexes broke a three-week winning streak, closing with a modest loss after a volatile stretch in the markets. The Dow Jones Industrial Average suffered a loss of about 1% for the week, which featured turmoil in money markets and dramatic swings in crude prices following an attack on oil facilities in Saudi Arabia.
WASHINGTON-- The U.S. blacklisted the central bank of Iran and two other major state financial institutions, President Trump said Friday, severing some of Iran's last remaining ties to world markets in a move meant to punish Tehran for attacks on critical oil supplies in Saudi Arabia last week. The sanctions issued under new counterterrorism powers represent the Trump administration's plan to largely avoid a military response to the attacks. They also are meant to bolster...
By Alexander Osipovich and Avantika Chilkoti. U.S. stocks turned lower Friday after reports that a Chinese trade delegation would be returning home earlier than expected, souring hopes that Washington and Beijing were moving toward a trade deal. The news capped off an eventful week that featured turmoil in money markets and an attack on oil facilities in Saudi Arabia that triggered dramatic swings in crude prices.
President says he didn't have' dicey' conversation with foreign leader. President Donald Trump on Friday said he didn't need a trade deal with China before the 2020 elections, as he rejected a partial agreement and said "we have to do it right." Trump also announced the U.S. imposed sanctions on Iran's central bank and denied having had an improper call with a foreign leader that's central to a whistleblower complaint.
By Alexander Osipovich and Avantika Chilkoti. U.S. stocks turned lower Friday after reports that a Chinese trade delegation would be returning home earlier than expected, souring hopes that Washington and Beijing were moving toward a trade deal. The news capped off an eventful week that featured turmoil in money markets and an attack on oil facilities in Saudi Arabia that triggered dramatic swings in crude prices.
Iran's Central Bank governor said on Friday a U.S. move to sanction the bank for a second time on new grounds showed Washington had failed to find new ways to pressure Tehran, the semi-official Tasnim news agency reported.
By Alexander Osipovich and Avantika Chilkoti. U.S. stocks turned lower Friday after reports that a Chinese trade delegation would be returning home earlier than expected, souring hopes that Washington and Beijing were moving toward a trade deal. The news capped off an eventful week that featured turmoil in money markets and an attack on oil facilities in Saudi Arabia that triggered dramatic swings in crude prices.
* Gold up 1.5% so far this week. * Silver eyes first weekly rise in three. * GRAPHIC-2019 metals performance: http://tmsnrt.rs/2jvdmXl. By Asha Sistla. Palladium soared to an all-time high on Friday, with producers locking in stocks of the auto-catalyst metal squeezed by a sustained supply shortage, while gold firmed en route to its first weekly gain in four supported by Middle East tensions.
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