CAIRO, Jan 21 (Reuters) - Average yields on Egypt's three- and nine-month treasury bills dipped slightly at an auction on Sunday, central bank data showed.Yields on the 91-day bills dipped to 18.362 percent from 18.394 at the last sale, while yields on the 273-day bills also eased, to 17.563 percent from 17.659 percent. (Reporting by Arwa Gaballa, Editing by William Maclean) Disclaimer: The views...Read More
* Shekel up nearly 13 pct vs dollar since start of 2017* Central bank: Will intervene to fight shekel strength* Foreign players boosting currency trade by 40 pct* Bank of Israel monitoring foreign currency conversion deals By Steven ScheerJERUSALEM, Jan 21 (Reuters) - The Bank of Israel on Sunday said currency trading driven by computer models has jumped and is helping to keep the shekel overvalu...Read More
(Adds details, background)By Kane WuHONG KONG, Jan 21 (Reuters) - Chinese sportswear retailer Pou Sheng International (Holdings) Ltd has received a proposal from Pou Chen Corp to be taken private that values it at around $11 billion ($1.4 billion), it said in a stock exchange filing on Sunday.Pou Chen Corp has offered Pou Sheng International a cancellation price of HK$2.03 per share, which repres...Read More
(Adds details from stock exchange statement)JERUSALEM, Jan 21 (Reuters) - Shareholders in the Tel Aviv Stock Exchange have agreed to sell back a total stake of 71.7 percent ahead of the bourse's planned initial public offering.The exchange had offered to buy out its shareholders, comprised of commercial and investment banks, before it lists on its own market next year, valuing the total shares at...Read More
(Adds details, background)By Ehab FaroukCAIRO, Jan 21 (Reuters) - Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors.The flotations will be the first batch in a programme to float stakes in dozens of state-owned companies over the next t...Read More
CAIRO, Jan 21 (Reuters) - Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors.The government is launching an IPO programme that will offer shares in dozens of state-owned companies over the next three to five years in areas including oil,...Read More
DUBAI, Jan 21 (Reuters) - Gulf stock markets mostly edged down on Sunday with Saudi Arabia pulling further away from a major resistance level, although a surge by fuel distributor ADNOC Distribution buoyed Abu Dhabi.The Saudi index slipped 0.3 percent to 7,518 points in the first hour, pulling away from the July peak of 7,586 points.Dairy company Almarai dropped 1.9 percent after reporting fourth-...Read More
* Annual gathering of global elite runs from Jan. 23-26* Trump to be first U.S. president to attend in 18 years* Macron and Merkel to lead robust European pushback By Noah Barkin DAVOS, Switzerland, Jan 21 (Reuters) - European leaders will be out in force at the World Economic Forum in Davos this week to defend multilateralism before U.S. President Donald Trump arrives to deliver his "Americ...Read More
JERUSALEM, Jan 21 (Reuters) - Three of Israel's leading banks have agreed to sell back shares in the Tel Aviv Stock Exchange ahead of the bourse's planned initial public offering.The exchange had offered to buy out its shareholders, comprised of commercial and investment banks, before it lists on its own market next year, valuing the total shares at 500 million shekels ($146 million). Bank Leumi ,...Read More
CAIRO, Jan 21 (Reuters) - INTEREST RATESLatestLast change PreviousCentral18.75 06/07/1716.75 bank o/n depositCentral19.75 06/07/1717.75bank o/n lendingCentral19.25 06/07/1717.25bank discount rate MONTHLY DATA _____________ Month Pvs Yr agoUrban 21.92623.3consumerDecemberprices(year-on-year,pct change) CoreinflatioDecember19.8625.53 25.86n (year-on-year,pct change) Foreign December37.02036.72324....Read More
DUBAI, Jan 21 (Reuters) - Gulf stock markets looks set to consolidate on Sunday with Saudi Arabia facing major technical resistance.The Saudi index last closed at 7,539 points, near the July peak of 7,586 points - a natural place for the rally of the past two months to pause.Dairy company Almarai reported fourth-quarter net profit of 513 million riyals ($136.8 million), down from 536 million riyal...Read More
Dear Friend of GATA and Gold:Cast your bread upon the waters, the Bible says somewhere, and pray that something comes back besides overweight seagulls.GATA does a lot of casting, usually without result, but you never know when and where someone will pick up on it, and this week a teacher and writer in Pakistan, Taha Ali, did. Ali, who writes for Pakistan's national English-language newspaper, th...Read More
Dear Friend of GATA and Gold:Cast your bread upon the waters, the Bible says somewhere, and pray that something comes back besides overweight seagulls.GATA does a lot of casting, usually without result, but you never know when and where someone will pick up on it, and this week a teacher and writer in Pakistan, Taha Ali, did. Ali, who writes for Pakistan's national English-language newspaper, th...Read More
Dear Friend of GATA and Gold:Central banks and governments that are secretly trading futures contracts in the United States on CME Group exchanges qualify for discounts ranging from 7 percent for two-year U.S. Treasury futures to 15 percent for gold and silver futures to 60 percent for Eurodollar futures. Central banks and governments receiving these trading discounts cannot trade directly but m...Read More
By John MauldinGlobal Growth CapRepeating HistoryFlying Blind at 20XChina ChillsSonoma and San DiegoThe holidays are fading from memory, and 2018 is off to a good start, economically speaking. Most of the forecasts I've read expect a good year - not a blockbuster year or a horrendous one, but a mild pickup that ought to satisfy investors. Even the bears seem less confident than usual.The holiday...Read More
By Steve St. AngeloAs investors' bullish sentiment moves up to euphoric levels, the markets are reaching extreme leverage. This is terrible news because a lot of people are going to lose one heck of a lot of money. According to CNN Money's Fear & Greed Index, the market is now at the "extreme greed" level and if we go by Yardeni Research on "Investor Intelligence Bull-Bear Ratio," it's also...Read More
By Gary SavageThe tactics employed by the big banks to enter and exit the metals markets are detailed and are used to estimate how gold is likely to perform in the short term.https://blog.smartmoneytrackerpremium.com/ Read More
By George SmithThe biggest trend I see for the future is the meltdown of governments at all levels combined with a decentralizing, individual-empowering exponential growth in technology. States, in other words, will self-destruct while people get smarter, stronger, healthier, and freer they will get a lot smarter, a lot stronger, a lot healthier and from this, freedom from the state will be...Read More