Bloomberg The European Central Bank warned that the risk of an abrupt global market correction on the back of rising political uncertainty has intensified, posing a threat to banks, stability and economic growth. “More volatility in the near future is likely and the potential for an abrupt reversal remains significant,” the central bank said in its twice-yearly Financial Stability ...

  DUBAI / Reuters Bank of Singapore, a unit of Oversea-Chinese Banking Corp, said on Tuesday it had received a licence to open a branch in Dubai International Financial Centre (DIFC) as it aims to tap demand from wealthy individuals in the Middle East. The bank said the licence allows it to conduct private banking including investment, credit and wealth ...

  Bloomberg Here’s another sign investors are growing more bullish on Egypt, which has interest rates of about 15 percent and a fresh loan from the International Monetary Fund under its belt: Citigroup Inc. is selling the first structured notes tied to the nation’s sovereign debt in six years. The New-York based bank plans to issue 305 million Egyptian pounds ...