RIGA, Feb 18 (Reuters) - Latvia's central bank Governor Ilmars Rimsevics should step down while he is under investigation by the country's anti-corruption agency, its finance minister said on Sunday.Prime Minister Maris Kucinskis said earlier on Sunday that Rimsevics, who is a member of the European Central Bank's Governing Council, had been detained by the anti-corruption agency. "Given that...Read More
(Adds details)JERUSALEM, Feb 18 (Reuters) - Israel's economy ended 2017 on a strong note, growing a more-than-expected annualised 3.6 percent in the fourth quarter, the Central Bureau of Statistics said on Sunday, although it was a slightly slower pace than the prior three months.A Reuters poll of economists had forecast 3.4 percent growth for the October-December quarter.The bureau revised up it...Read More
JERUSALEM, Feb 18 (Reuters) - Israel's economy grew at an annualised 3.6 percent in the fourth quarter, a bit more moderate than the prior three months, the Central Bureau of Statistics said on Sunday, citing slower gains in exports and consumer spending.A Reuters poll of economists had forecast 3.4 percent growth for the October-December quarter.The bureau revised up its third-quarter gross domes...Read More
CAIRO, Feb 18 (Reuters) - Egypt aims to sell Eurobonds worth $3-4 billion in the 2018-2019 fiscal year which begins in July, deputy finance minister Ahmed Kouchouk told the Saudi-owned Al Arabiya television network on Sunday.Egypt raised $4 billion in a dollar-denominated Eurobond sale that closed late on Tuesday, the finance ministry said, in bonds issued in five, 10- and 30-year tenors.The finan...Read More
RIGA, Feb 18 (Reuters) - Latvian central bank governor Ilmars Rimsevics has been detained by the country's anti-corruption agency, the prime minister's office said in a statement on Sunday."The Corruption Prevention and Combating Bureau (KNAB) has applied the status of being detained to the Governor of Bank of Latvia [Ilmars Rimsevics]," Prime Minister Maris Kucinskis said in an emailed...Read More
(Adds details, background)By Tom Arnold and Nadine AwadallaDUBAI/CAIRO, Feb 18 (Reuters) - Qatar National Bank (QNB) , the Middle East's largest lender by assets, said it will sell a 2 percent stake in its Egyptian unit QNB Alahly to comply with Cairo listing rules.A QNB spokesman said the bank had no current plans to further reduce its stake, which will stand at 95 percent after the sale.The sal...Read More
(Adds context, details of future plans)By Stanley CarvalhoABU DHABI, Feb 18 (Reuters) - In a move that could attract fresh money to the United Arab Emirates' equity markets, the Nasdaq Dubai exchange launched futures contracts on Sunday covering the main indexes of the country's two main stock markets in Abu Dhabi and Dubai.The futures provide exposure to the General Index of the Abu Dhabi Securi...Read More
The national park's full planning committee will visit the site on 27 February before making a decision.Read full newsRead More
ABU DHABI, Feb 18 (Reuters) - The Nasdaq Dubai exchange launched equity index futures on Sunday for the main indexes of Dubai Financial Market and the Abu Dhabi Securities Exchange, a top official said.The new instruments could help to attract fresh money to the exchanges by giving investors more opportunity to hedge. Nasdaq Dubai began trading single-stock futures for shares in some of the United...Read More
DUBAI/CAIRO, Feb 18 (Reuters) - Qatar National Bank (QNB) has hired CI Capital to advise it on the sale of a small stake in its Egyptian unit.QNB plans to reduce its 97.125 percent stake in QNB Alahly to 95percent, the bank said in a statement.The sale is intended to comply with the rules of listing on the stock exchange, which requires that the free float shall not be less than 5 percent, it said...Read More
DUBAI, Feb 18 (Reuters) - Most major Gulf stock markets edged up in early trade on Sunday although Dubai fell, partly because of a continued slide in Shuaa Capital .The Saudi index was up 0.5 percent after 55 minutes with blue-chip bank Al Rajhi gaining 0.9 percent. National Medical Care Co rose 1.3 percent after proposing to resume dividend payments for 2017.But Buruj Cooperative Insurance sank 6...Read More
China's Shandong Gold Mining Co Ltd and Zijin Mining Group Co Ltd are in separate talks with Acacia Mining Plc to form a joint venture for the London-listed company's gold mines in Tanzania, three people familiar with the matter told Reuters.Read full newsRead More
TORONTO, Feb. 15, 2018-- McEwen Mining Inc. announces results of the updated Feasibility Study for its 100% owned Gold Bar Mine in Nevada. Construction has started on the Gold Bar Mine with a planned completion ...Read full newsRead More
It's not every day that you get a chance to own a mine that could have tens of millions of dollars of gold.Read full newsRead More
The national park's full planning committee will visit the site on 27 February before making a decision.Read full newsRead More
At the head of a poisoned river, the Munduruku find a devastated land where their village once stood. Can they stop the illegal mining that stole their homes?Read full newsRead More
CAIRO, Feb 18 (Reuters) - INTEREST RATESLatestLast change PreviousCentral17.75 15/02/1818.75 bank o/n depositCentral18.75 15/02/1819.75bank o/n lendingCentral18.25 15/02/1819.25bank discount rate MONTHLY DATA _____________ Month Pvs Yr agoUrban 17.128.1consumerJanuary 21.9prices(year-on-year,pct change) CoreinflatioJanuary 14.3519.86 30.86n (year-on-year,pct change) Foreign January 38.20937.020...Read More
DUBAI, Feb 18 (Reuters) - Middle Eastern stock markets may have an upward bias on Sunday because of a gradual recovery in oil prices and in Egypt's case, last week's interest rate cut, although there appears to be little reason for any strong rise in equities.Wall Street closed marginally firmer on Friday while Brent oil continued its gradual recovery, settling up 51 U.S. cents at $64.84 a barrel....Read More
A loan of $5,850 helps a member to buy ten pigs and have them delivered to strengthen her initial capital.Read full newsRead More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Friday was a 78-78-134 draw. The TSX Venture Exchange fell four points to 830 while polished diamond prices fell 1.6 per cent. Chris Taylor's Dunnedin Ventures Inc. (DVI) rose four cents to 30.5...Read More