EGYPT

Wall St slips as rally loses steam

IBTimes Logo
U.S. stocks slipped on Thursday as concerns over increasing disorder in Egypt and signs of exhaustion in the recent market rally weighed on investor sentiment.

US stocks decline as Egypt crisis weighs

Traders work on the floor of the New York Stock Exchange
U.S. stocks declined in early trade on Thursday as political crisis in Egypt overshadowed better-than-expected economic reports on weekly jobless claims, non-farm productivity and monthly factory orders.
More news
IBTimes Logo

Wall St edges lower as Egypt unrest weighs

U.S. stocks opened slightly lower on Thursday as investors weighed hints of an improving economy against increasing disorder in Egypt and signs pointing to an end to the recent rally.
IBTimes Logo

ECB holds rates at 1 percent, inflation message awaited

The European Central Bank kept interest rates at 1 percent as forecast on Thursday, ahead of its policy statement where it is expected to repeat its recent inflation warning but signal that a rate rise is not imminent.
Pro-Mubarak supporters shout at opposition demonstrators as soldiers try to calm them down on a bridge near Tahrir Square in Cairo February 3, 2011.

Egypt Army divides protesters

The Egyptian army has moved to divide pro and anti government protesters on Thursday, amid reports that demonstrators from both sides were heading back to Tahrir square in Cairo, the site of Wednesday clashes which left at least 5 dead.
IBTimes Logo

ECB to talk tough on inflation, hold rates for now

The European Central Bank is expected to send a strong signal on Thursday that it is ready to tackle building euro zone inflation pressures but refrain from indicating interest rate increases are imminent.
IBTimes Logo

Stocks slip, oil surges on Egypt turmoil

World stocks fell and oil surged above $103 a barrel on Thursday as violence in Egypt escalated, adding to concerns about inflationary pressures which could threaten the global economic recovery.
IBTimes Logo

Oil jumps on deadly Egypt clashes, inflation

Oil prices surged past $103 on Thursday as pro-democracy protests in Egypt turned violent, while commodities markets raced even higher, adding to worries of mounting inflationary pressures could threaten the global economic recovery.
IBTimes Logo

Japanese stocks ease amid Egypt unrest

Japanese stocks eased on Thursday as escalating violence in Egypt prompted investors to move to safer assets, while commodities extended their recent gains, underscoring growing inflationary pressures that could threaten the global economic recovery.
IBTimes Logo

Technology means age of dictators over: Ebadi

Iranian Nobel Laureate Shirin Ebadi said on Wednesday the rise of communication technology in organizing political protest meant dictators would no longer be able to sleep soundly at night.
IBTimes Logo

WikiLeaks among nominees for Nobel Peace Prize

Anti-secrecy website WikiLeaks has been nominated for the 2011 Nobel Peace Prize, the Norwegian politician behind the proposal said on Wednesday, a day after the deadline for nominations expired.
Yemeni President Ali Abdullah Saleh (L) addresses the parliament in Sanaa

Yemen president signals won't stay beyond 2013

Yemeni President Ali Abdullah Saleh, eying protests that threaten to topple Egypt's long-time ruler, indicated on Wednesday he would leave office when his current term ends in 2013, after three decades in power.
Pro-government supporters of Egyptian President Hosni Mubarak shout slogans atop an army tank near Tahrir square in central Cairo

Mubarak supporters attack Cairo protesters

Supporters of President Hosni Mubarak attacked protesters with fists, stones and clubs in Cairo on Wednesday as the Egyptian goverment rejected international calls for the leader to end his 30-year-rule now.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.