Egyptian Prime Minister Madbouly said the government has identified $9 billion in assets to be monetized, and another $15 billion will soon begin to be ready for delivery.
FTX's CEO revealed a 7.6% stake in Robinhood Markets Inc, controlling 64% of the outstanding voting shares. shares of Robinhood rose more than 27% in after-hours trading.
A weighted average of 9 of the top 10 stocks for retail investors are U.S.-listed technology stocks, which account for more than 50% of the entire portfolio and have lost heavily, down 31%.
TerraUSD is the so-called stablecoin whose price plummeted this week. It fell further to 30 cents before recovering to around 60 cents. It is now the twelfth largest cryptocurrency with a market cap hovering around $8.6 billion.
Egypt expects a budget deficit of 6.1% of GDP in 2022/23 and interest payments on government debt to increase from £579.58 billion this year to £691.15 billion in 2022/23, down from an estimated 6.2% in the current fiscal year.
Oil prices fell along with Asian stocks Monday, with Brent crude down 28 cents, or 0.3 percent, to $112.11 a barrel. U.S. West Texas Intermediate crude was down 41 cents, or 0.4 percent, at $109.36 a barrel.
Indian stocks closed more than 1 percent lower on Friday, with the NSE Nifty 50 Index (.NSEI) down 1.63 percent to close at 16,411.25 and the S&P BSE Sensex (.BSESN) down 1.56 percent to 54,835.58. The Indian rupee fell 0.9 percent to 76.97 against the U.S. dollar.
Australia raised interest rates by 25 basis points to 0.35% on Tuesday, exceeding market expectations, after Sweden raised rates by 25 basis points last week and raised rates at an upcoming meeting.
The UK long-term marker proposal includes a 60% to 70% reduction in the risk margin for long-term life insurers. The reforms are likely to reduce the overall capital level of life insurers by approximately 10 to 15 percent.
Russia central bank stops selling converted shares Investors who buy depositary receipts (GDRs) of Russian companies traded on foreign exchanges to exchange them for shares will not be able to sell them quickly.