Page 13 - Karin Strohecker News Today : Breaking News, Live Updates & Top Stories | Vimarsana

February marked another static month for interest rates at major central banks with the much anticipated change of course in the global monetary policy expected to kick in later in the year while emerging market peers soldiered on with easing policy. All four of the central banks overseeing the 10 most heavily traded currencies that held meetings in February - Australia, New Zealand, Sweden and the UK - kept benchmark lending rates unchanged. The U.S. Federal Reserve, the European Central Bank, the Bank of Japan, the Bank of Canada, the Swiss National Bank and Norges Bank did not meet.

Inflation data from the United States, Europe and Japan will frame the week with key PMI numbers due in China, and policymakers are gathering to debate how to restart the stuttering economic growth...

Egypt said on Friday it had signed a deal with the United Arab Emirates to develop a prime stretch of its Mediterranean north coast that would bring $35 billion of investments to the indebted...

CAIRO -Egypt said on Friday it had signed a deal with the United Arab Emirates to develop a prime stretch of its Mediterranean coast that would bring $35 billion of investments to the indebted...

The World Bank warned that high borrowing costs have "changed dramatically" the need for developing nations to boost sluggish economic growth. The multilateral lender's latest warning comes as international bond sales from emerging market governments hit an all-time record of $47 billion in January, led by less risky emerging economies such as Saudi Arabia, Mexico and Romania. Kose added that faster growth, especially a real growth rate higher than the real cost of borrowing, could prove elusive.