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Analysis: Egypt faces external debt reckoning after borrowing spree

Egypt faces an increasingly tough task raising cash for foreign debt repayments after external borrowing quadrupled over the past eight years to help fund a new capital, build infrastructure, buy weapons and support an overvalued currency.

Exclusive: China s state banks told to lower cap on dollar deposit rates -sources

In a rare attempt to bolster China's yuan, a self-regulatory body overseen by the country's central bank has told major state-owned banks to lower dollar deposit interest rates, four people with direct knowledge of the matter said.

Analysis: Welcoming Simsek, Turkey investors embrace wary optimism for orthodoxy

International investors have welcomed respected veteran policy maker Mehmet Simsek's return to the top of Turkey's Finance Ministry, hoping his appointment will come with a licence to steer the country away from the financial precipice.

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