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Posted inPLANET FINANCE

Emerging markets are really hoping US interest rates don’t go to 6%

Fresh warning signs for EMs amid expectations for hawkish Fed pivot: Analysts are warning of the damage emerging markets will experience if the Federal Reserve increases its interest rates up to 6%, Reutersreported. “Fed tightening towards 6% would firmly test historical ‘pain thresholds’ for emerging market assets,” one UBS strategist wrote in a note, forecasting […]

Posted inAROUND THE WORLD

Saudi + Iran agree to restore diplomatic relations

Riyadh + Tehran to normalize ties in landmark China-brokered pact: Bitter regional foes Saudi Arabia and Iran have agreed to restore diplomatic ties in a landmark agreement brokered by China. The pact will see the two countries reopen embassies within two months and reactivate a security cooperation agreement, according to a joint statement. The agreement […]

Posted inCALENDAR

MARCH March: 4Q2022 earnings season. March: IMF to review USD 3 bn program. March: Gov’t to launch the National Governance Index. March: Palestine-Israel talks in Sharm El Sheikh. Beginning of March: Rice to be added to the EMX. 11-12 March (Saturday-Sunday): Techne Summit, National Museum of Egyptian Civilization. 12-16 March (Sunday-Thursday): American University in Cairo’s […]

Posted inWHAT WE’RE TRACKING TONIGHT

THIS EVENING: The FRA wants to give short selling a boost with a select pool of licensed stocks + StartupLand scrambles to contain Silicon Valley Bank fallout

Good afternoon, ladies and gentlemen, and welcome to the end of the start of the week. Things are still on a relatively brisk note in the news cycle as the ripple effect of the Silicon Valley Bank continues to be felt. THE BIG STORY TODAY A new lending pool to resuscitate short selling: The Financial […]

Posted inFOR YOUR COMMUTE

Norse mythology’s god of gods goes way back + Cook’s legacy at Apple is riding on its new mixed-reality headset

Nordic god Odin was worshiped 150 years earlier than scientists once thought: Scientists in Denmark have discovered inscriptions on a gold pendant that trace belief in the Nordic deity back to the 5th century, not the second half of the 6th century as was previously thought, according to the Associated Press. The discovery, which is […]

Posted inENTERPRISE RECOMMENDS

Zamalek vies for fourth in the Egyptian Premier League + Arsenal wants to hold onto the top spot

⚽ Today in the Egyptian Premier League: Zamalek will battle it out against Enppi for the three-point addition that would move Zamalek to fourth place at 7pm tonight. The White Knights are currently in fifth place with 33 points, lagging three points behind fourth-place Al Ittihad Al Sakandary. Enppi is on the brink of the […]

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