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Egyptians protest over concerns of bread subsidy cuts

  Reuters Hundreds of Egyptians protested around the country, blocking roads and surrounding government offices, after a change to the way bread rations are managed raised fears that the government was cutting food subsidies by the back door. Bread subsidies are an explosive issue in Egypt, where more than 70 million people receive state rations. Core inflation in the country ...

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Modi litmus test in state vote key to top Asia stocks, rupee

  Bloomberg Indian stocks are leading gains in Asia this year, the rupee has recouped almost all its losses since Donald Trump’s US election win and foreigners have pumped $2.4 billion into the country’s bonds and equities. As investors wait for the results of one of Narendra Modi’s biggest electoral tests since he came to power in 2014, there’s a ...

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Pricey Pak stocks have room to run

  Bloomberg Pakistani tycoon Arif Habib said Asia’s best stock market rally in the past year may extend a further 20 percent led by banks, fertilizer and energy compa- nies, rejecting concerns that the market has been supported by speculators. As industries and the economy grow, Habib, the Karachi-born financier who has seen his fortune swell after his start as ...

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