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From rate-watchers to recession hawks, it’s all eyes on Friday’s US jobs report
Payroll figures will feature heavily in the Fed’s decision this month on whether to start cutting interest rates — and…
Pioneers Securities dethrones EFG Hermes to top the EGX brokerage league table in August
EFG Hermes had led the table for 14 months in a row before Pioneers dethroned it
Companies look to next year for IPO plans amid market uncertainty
IPOs in the US have raked in USD 30 bn less than their annual average over the past decade in…
Nvidia shares slide despite highly anticipated 2Q earnings beating forecasts
Nvidia shares had fallen about 8% in extended trading at the time of writing, representing a roughly USD 200 bn…
Retailer Temu’s parent company sees stocks crash in latest warning over struggling Chinese economy
The company’s market value dropped by some USD 55 bn in one day following the release of its 2Q results
Stellantis in talks with gov’t to start assembling Fiat, Citroen, and Opel models locally. PLUS: SODIC, CIB + Chemicals & Fertilizers Export Council, Misr Ins., Eaton, MSMEDA
Stellantis was one of several car makers that expressed interest in the Egyptian Automotive Industry Development Program
Election uncertainty make investment managers wary of pouring funds into infrastructure projects
Some asset managers expect a pick up in investment activity following election results in November
Turkey expected to start cutting sky-high 50% interest rates in November
Turkey’s central bank has raised interest rates by 4,150 bps since June 2023
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