IMF: Egypt's financial situation deteriorating
The International Monetary Fund said Thursday that Egypt's financial situation is deteriorating and the lending agency won't move ahead with a $4.
S&P cuts Egypt's credit ratings
Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing "continued pressure" on foreign reserves.
Cyprus keeps limits on money flows
Cyprus will keep limits on money transfers and withdrawals until it is more confident that its ailing banks will not face a run, the central bank's ...
Swiss central bank keeps some gold in UK, Canada
The Swiss National Bank has for the first time disclosed where it stashes its 1,040 tons of gold, saying almost a third is kept overseas, in Britain ...
Swiss to hold referendum on gold reserves
The Swiss Cabinet's office says the nationalist Swiss People's Party has gathered enough signatures to force a referendum on banning the central bank ...
Gold has its steepest plunge in 30 years
Gold had its biggest one-day drop since 1983 on Monday as a selling frenzy that began last week picked up speed. The price of gold plunged $140.30 to ...
Barrick suffering big setbacks in Latin America
A Chilean court's halt to construction of Barrick Gold Corp.'s $8 billion, border-straddling mine on the high spine of the Andes is only the latest ...
Cyprus bailout swells to $30 billion
The cost of bailing out Cyprus has swollen to 23 billion euros ($30 billion), with the crisis-hit country having to take on the lion's share of the ...
Barrick halts work on mine after Chile court rules
Barrick Gold Corp. suspended construction on its Pascua Lama mine Wednesday after a Chilean court ruled in favor of indigenous communities that say ...
Egypt's foreign reserves decline to $13.4 billion
Egypt's foreign currency reserves dropped slightly again last month, the Egyptian central bank said Thursday, part of a two-year downward trend to a ...
IMF to visit Egypt as nation seeks economic help
The International Monetary Fund is sending a senior official to Cairo this weekend to discuss issues that have delayed a $4.8 billion loan seen as a ...
Egypt's fuel crisis adds to its economic woes
At 5:00 am, Egyptian truck driver Allam Mahmoud hurried to a Cairo gas station and joined an already long, snaking line. He says he hopes that by the ...
Egypt invites IMF to resume loan talks
Egypt's government said Thursday that it invited an International Monetary Fund delegation to the country in March to resume talks on a $4.8 billion ...
Balloon crash deepens pall on tourism-dry Luxor
The fiery crash of a sightseeing balloon that killed 19 tourists has cast a further pall over this city of ancient temples and tombs, already perhaps ...
Q&A: Argentina's NY court showdown on default debt
Judgment day is approaching in an epic battle between Argentina and New York billionaire Paul Singer, who has sent lawyers around the globe trying to ...
World gold sales slip for first time in 3 years
Global gold sales slipped in 2012 for the first time in three years as the biggest central bank purchases in half a century weren't able to offset a ...
New doubts Egypt will get $4.8 billion IMF loan
New signs of distress in Egypt's economy emerged Tuesday with the disclosure that foreign currency reserves — already at critically low levels — fell ...
Syrians struggle with shortages as economy buckles
Grappling with severe fuel shortages and winter temperatures that drop below freezing, Syrians are spending hours in line every day for gasoline or ...
Germany to bring home gold stored in US, France
In what sounds like the setup for a stylish Hollywood heist movie, Germany is transferring nearly 700 tons of gold bars worth $36 billion from Paris ...
Report: Germany to repatriate gold from US, France
Germany's central bank will repatriate some of its massive gold reserves stored in vaults in the United States and in France, a business daily ...
Egypt's Mubarak to get new trial over killings
An Egyptian appeals court on Sunday overturned Hosni Mubarak's life sentence and ordered a retrial of the ousted leader in the killing of hundreds of ...
Egyptian appeals court orders Mubarak retrial
A Cairo appeals court on Sunday overturned Hosni Mubarak's life sentence and ordered a retrial of the former Egyptian president for failing to prevent ...
Qatar aiding Egypt with extra $2.5 billion
Qatar announced Tuesday it was doubling its financial aid to the Egyptian government with a new injection of $2.5 billion, underlining its role in ...
Egypt talking to IMF again about crucial loan
Doubts are emerging about the Egyptian government's ability to implement painful austerity measures linked to the International Monetary Fund's ...
Egypt's pound slips further against dollar
The Egyptian pound slipped further against the dollar on Monday, a downward plunge on the first two days of trading under a new system, as the ...
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