Bloomberg Bank regulators from Tokyo to Frankfurt are joining forces to resist a US-backed push for stiffer capital rules that could heap billions of dollars of new requirements on lenders. Highlighting the stakes, top regulators from Europe, Japan and India are pressing their case in public, shedding light on divisions in the Basel Committee on Banking Supervision as it ...

  Bloomberg Egypt plans to secure a $12 billion loan from the International Monetary Fund to ease a crippling dollar squeeze and restore confidence in the economy, an accord that would be the fund’s biggest aid package in a region pummeled by political unrest and the plunge in oil prices. Stocks surged after authorities said on Tuesday evening they will ...

  KHOBAR / Reuters Foreign engineering companies have bid to build Saudi Aramco’s clean fuels project at the state oil giant’s Ras Tanura refinery, industry sources said. The bid deadline was July 17 for the $2 billion-plus scheme which will remove sulphur from refined oil products and is part of a drive by the kingdom to meet stricter environmental standards ...