CAIRO / Reuters Economists are roughly evenly split on whether Egypt’s central bank will raise interest rates at its monetary policy committee (MPC) meeting on June 16, after a jump in inflation in May. Six out of 11 economists in the Reuters poll expect the bank to hold rates while five expect a hike ranging from 25 basis points ...

  ERBIL / Reuters Iraq’s Kurds are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees them a monthly revenue of $1 billion, a spokesman for the Kurdistan Regional Government (KRG) said. Iraq’s central government in March stopped oil exports through a Kurdish pipeline to pressure the local ...

  Amman / Tribune News Service An international group has commended Jordan for its responsible and balanced approach to its peaceful nuclear power programme. A report by the International Advisory Group (IAG) has indicated that the Kingdom has “aggressively engaged with the IAEA in the development of its nuclear programme and has sought and obtained extensive peer reviews and this ...

  Bloomberg Solar panels and wind turbines may find a home alongside Cenovus Energy Inc.’s future low-carbon oil-sands business as the Canadian producer adjusts to changing patterns of supply and demand for energy. Cenovus has had discussions about renewable energy investments, said Chief Executive Officer Brian Ferguson, in an interview in Montreal where he spoke on a panel about the ...

  Bloomberg America’s renewed love affair with driving could reshape the U.S. ethanol industry. Green Plains Inc. said it agreed to buy two plants from Spain’s Abengoa SA, and the European company separately said it would sell two other mills — with the four sales totaling $350 million. Also at play is The Andersons Inc.’s biofuel arm, which HC2 Holdings ...

  Bloomberg Argentina is one step closer to regaining its status as an emerging market as MSCI Inc. considers the possibility of an upgrade that could lure new investors. The market in South America’s second-largest economy will be included in MSCI’s 2017 annual market review to determine if the nation is ready to leave its frontier status after seven years. ...

  U.S. President Barack Obama’s call for a “moral revolution” in humanity’s approach to nuclear weapons was the highlight of his poignant recent visit to Hiroshima, while Hillary Clinton and Donald Trump similarly agree on the pressing need to secure loose nuclear material. However, speeches aspiring to a higher morality are only a beginning; morality is made truly meaningful though ...

  Matthew Winkler A week before Britain votes on whether to leave the European Union, polls show that the public’s preference is too close to call. Financial markets provide a different view: a persistent expectation that the U.K. will remain. When markets and polls point in different directions, markets tend to be superior prognosticators. Will Britain Leave the EU? That’s ...

  A growing number of economists seem convinced that the U.S., European Union and China are all headed for a prolonged period of sluggish growth — secular stagnation, in the words of former Treasury Secretary Larry Summers. A close parallel would seem to be 1990s Japan. There, too, the bursting of debt-funded asset price bubbles gave way to multiple rounds ...

  BLOOMBERG Stocks advanced as markets took a respite from the steepest selloff in global equities since January before the Federal Reserve’s policy decision. The British pound rebounded from a two-month low, while Spanish and Italian bonds gained for the first time this week. The Stoxx Europe 600 Index climbed from the lowest since February and emerging markets rose for ...