Bloomberg Saudi Arabia hired HSBC Holdings Plc banker Fahad Al Saif to start a debt management office that will be responsible for the kingdom’s first international bond sale, two people with knowledge of the matter said. Al Saif joined the Ministry of Finance on an open-ended secondment from HSBC’s Saudi British Bank, the people said, asking not to be ...

  Reuters Egypt’s central bank kept the pound steady against the dollar at its official foreign currency auction on Tuesday, central bank data showed, and the currency was stable on the black market. The central bank sold US$118.6 million at a cut-off price of 8.78 dollar, unchanged from last week. The central bank has kept the pound artificially strong since ...

  Bloomberg Australian lending to businesses is growing at the quickest pace since the global financial crisis in a sign that the ‘animal spirits’ long sought by the country’s central bank are finally stirring. Loans to companies climbed 7.4 percent in April from a year earlier, the most since January 2009, according to the Reserve Bank of Australia. Record low ...