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.
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.
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.
Turkish President Tayyip Erdogan named his government's new cabinet on Saturday, including new heads of the economy and foreign ministry, after extending his two-decade rule in an election in May.
After months of negotiations, Finland's Nokian Tyres was on the cusp late last year of finalising a 400-million-euro ($440.32 million) sale of its Russian business. Then Moscow changed the rules again.