London / AFP The British pound slumped to a three-year low against the euro on Monday in reaction to news that Britain would begin Brexit negotiations by March. However better-than-expected British manufacturing data, ironically thanks to recent strong falls for the pound, helped London’s benchmark FTSE 100 stocks index to jump by 1.2 percent in morning trade. Sterling dropped ...

  Dubai / Reuters Egypt’s stock market rose sharply in early trade on Monday on hopes that an international financing package for the country would be finalised soon after this week’s annual meetings of the International Monetary Fund and World Bank Group. The Egyptian stock index climbed 2.8 percent in a broad rally, with investment bank EFG Hermes rising 4.2 ...

  Tokyo / AFP Tokyo shares rebounded on Monday after overseas markets rallied on easing fears over Deutsche Bank’s future, with investors shrugging off a weak Japanese business confidence report. Deutsche Bank bounced back on Friday after a source familiar with the matter said that a US fine over toxic debt it sold would be only $5.4 billion, not the ...