Reuters Egypt’s stock market tumbled in heavy trade on Monday after the central bank unexpectedly raised key interest rates overnight, while Qatar outperformed in an otherwise quiet Gulf. Cairo’s blue-chip index dropped 2.5 percent after the central bank hiked its overnight deposit rate and overnight lending rate by two percentage points — its first increase since a hike of three ...

Bloomberg US stocks advanced for a third day as crude pushed above $50 a barrel before OPEC meets this week. The euro advanced after Angela Merkel said the “too weak” currency shared the blame for Germany’s trade surplus. The S&P 500 Index’s three-day climb topped 1 percent following its biggest selloff of the year as investors focused on corporate deals. ...

Bloomberg China and Russia teamed up to develop twin-aisle jets that will compete with Airbus SE and Boeing Co., the planemakers who dominate passenger aircraft capable of trans-continental flights. State-owned Commercial Aircraft Corp. of China Ltd. and Russia’s United Aircraft Corp. aim to hand over the plane to customers by 2025-2027, UAC Chairman Yury Slyusar said at a briefing in ...