Egypt hikes interest rates by 600 basis points, pound crumbles to record low
Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency.
Ship damaged offshore Yemen, days after a Houthi-struck vessel sank in the Red Sea
A merchant vessel was hit and took damage offshore of Yemen, the U.K. Maritime Trade Operations said Wednesday.
Nikki Haley ends presidential campaign with ‘no regrets,’ ceding GOP nomination to Trump
The former South Carolina governor dropped out after losing every state but Vermont in Super Tuesday’s primary contests.
China’s top securities regulator vows to ‘strictly’ crack down on market manipulators
Ensuring fairness, especially in a market dominated by smaller investors, is the regulator’s core task, said Wu Qing, chairman of the China Securities Regulatory Commission.
Etihad Airways signals possible IPO after 2023 revenue rebound
Abu Dhabi’s Etihad Airways is gearing up for a potential initial public offering after increasing revenue in 2023 on the back of a 40% boost in passenger numbers.
Markets could be about to get a big clue on when the European Central Bank will cut rates
The European Central Bank will meet again this week amid falling inflation and a slight recovery in economic activity.
China’s central bank governor says there’s room to cut banks’ reserve requirements
The heads of China’s central bank and economic planning agency signaled that authorities would be willing to take further steps to support growth.
CNBC Daily Open: U.S. services activity moderates
The services side of the U.S. economy lost some pace in February.
UK government abolishes centuries-old tax breaks for the rich in preelection budget announcements
U.K. Finance Minister Jeremy Hunt will announce his Spring Budget on Wednesday, the final fiscal even before what promises to be a challenging general election.
Bill Gates-backed startup confident it can unearth more buried treasure after a historic copper find
KoBold Metals is bullish on the discovery potential of some of the most sought-after energy transition metals.
