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Global market volatility falls to two-month low; Pound declines

BLOOMBERG Volatility across global financial markets is at a two-month low as signs central banks will keep borrowing costs lower for longer to settle investor nerves that frayed at the start of the year. European shares slipped on Monday after a measure of global stocks posted the strongest close since Jan. 1 last week following five weeks of gains. The ...

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Saudi Arabia wants foreign banks to disclose finances

Bloomberg Saudi Arabia is telling international banks to publicly disclose financial statements for the first time as the kingdom’s regulator seeks to boost transparency. The Capital Markets Authority (CMA) is requiring financial institutions it regulates to publish the information on their websites from April 1, an official at the Riyadh-based regulator said in an e-mailed response to questions, without giving ...

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Egypt to weigh tighter regulations on currency bureaus

Bloomberg Egypt’s central bank is weighing tougher regulations on foreign-exchange dealers, part of a broader effort to crack down on the black market and to end a hard currency shortage that’s impeding economic growth. The bank wants to reduce the number of foreign-exchange bureaus from more than 140 and introduce measures to improve transparency, said a person familiar with the ...

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