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Egypt to get first tranche of $1.5bn Saudi loan ‘soon’

  Emirates Business Egypt will “soon” receive the first tranche of a $1.5 billion loan from Saudi Arabia, an Egyptian minister said, a cash injection that could help to ease a dollar shortage that has weighed on economic growth. The first payment will be about $500 million, Egypt’s Minister of International Cooperation Sahar Nasr said. The loan is one of ...

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Tokyo stocks slip, Nintendo dives on Pokemon Go warning

  Tokyo / AFP Tokyo stocks ended lower for a second session Monday, giving up early gains with Nintendo slumping after it downplayed the impact of the Pokemon Go phenomenon on its bottom line. The benchmark Nikkei 225 hung in positive territory for much of the day as dealers eyed the start of Japan’s latest earnings season as well as ...

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US stocks slip from all-time highs before policy meetings

  Bloomberg U.S. stocks retreated from records, with central-bank policy decisions looming later in the week as investors assess corporate earnings. The S&P 500 Index fell 0.3 percent to 2,169.61 at 9:37 a.m. in New York, following a fourth week of gains for the gauge. The Dow Jones Industrial Average dropped 59.53 points to 18,521.32. Earnings remain in focus, with ...

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