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Egypt central bank scraps CEO term limits plan after court ruling

Egypt central bank scraps CEO term limits plan after court ruling

Egypt's central bank will not implement a nine-year term limit on bank CEOs that had angered major banks, central bank…
Adios, Three Amigos: Obama heads to last summit with Canada, Mexico

Adios, Three Amigos: Obama heads to last summit with Canada, Mexico

President Barack Obama will meet with leaders of Canada and Mexico on Wednesday for his final "Three Amigos" summit, a…
Volkswagen should pay Europeans same compensation as US drivers: EU commissioner

Volkswagen should pay Europeans same compensation as US drivers: EU commissioner

Volkswagen AG should offer European drivers similar compensation to what the German carmaker is expected to pay US customers, Europe's…
Britain’s EU commissioner, finance chief Hill, resigns

Britain’s EU commissioner, finance chief Hill, resigns

The British member of the EU executive, Financial Services Commissioner Jonathan Hill, resigned on Saturday after having campaigned against Britain…
China touts new bank’s greater understanding of developing world

China touts new bank’s greater understanding of developing world

The China-led Asian Infrastructure Investment Bank (AIIB) will be different from institutions like the World Bank because it has a…
Nikkei pays price for downplaying Brexit risk, sees worst fall since 2011

Nikkei pays price for downplaying Brexit risk, sees worst fall since 2011

Japanese stocks suffered their biggest daily fall in more than five years on Friday after Britain voted to leave the…
Brexit baffled punters, pundits and fund managers to the very end

Brexit baffled punters, pundits and fund managers to the very end

Nearly everyone, from London gamblers to US money managers got it wrong. Britain's vote to leave the European Union shocked…
Apache Corp extends Western Desert oil drilling for five years

Apache Corp extends Western Desert oil drilling for five years

The American wildcat oil and gas exploration firm Apache Corporation has agreed a five-year extention to its Khalda-2 drilling concession…
Egypt to auction 4G licences if local operators don’t bite

Egypt to auction 4G licences if local operators don’t bite

Egypt said on Thursday it will offer fourth-generation mobile licences in an international auction if they are not taken up…
Africa’s richest man got a fistful of dollars in Nigerian currency squeeze

Africa’s richest man got a fistful of dollars in Nigerian currency squeeze

As Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko…
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