Egypt targets narrower budget deficit of 7 pct in 2019/20 – ministry document

CAIRO, Nov 15 (Reuters) – Egypt is targeting a budget deficit of 7 percent of GDP for the 2019-20 fiscal year that begins in July, compared with 8.4 percent in the previous year, according to a preliminary finance ministry budget draft. The budget deficit is expected to reach 427.8 billion Egyptian pounds ($23.84 billion) in 2019-20. The 92-page document that […]

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Best mince pies to buy this Christmas as ASDA thrash Waitrose

Asda has been awarded a top accolade in an annual Christmas mince pie taste test that has seen Waitrose’s efforts described as "beige-tasting" and devoid of "notable flavours". An expert panel gathered by Which? tasted more than 100 premium mince pies, awarding Asda’s Extra Special mince pies and Fortnum & Mason’s Traditional mince pie its Best Buy accolade. Fortnum & […]

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China says high-level trade talks with US have resumed

BEIJING — China’s Commerce Ministry says high-level trade talks between Beijing and Washington have resumed. A ministry spokesman, Gao Feng, said Thursday the two sides are “maintaining close contact” following a Nov. 1 phone call between President Xi Jinping and President Donald Trump. The two sides have raised tariffs on billions of dollars of each other’s goods in a dispute […]

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How do short-term investments and marketable securities differ?

Short-term investments can include a number of possible investment vehicles. Marketable equity securities are just one of the possible choices a company might make for short-term investments. Short-term investments vary widely among different businesses. Major corporations such as Exxon or Ford Motor Company typically have billions of dollars in short-term investments that are managed by professional investment firms. For such […]

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Australians' risky debt could magnify a downturn, RBA's Debelle warns

The Reserve Bank's second-in-command Guy Debelle says risky borrowing is more likely to accelerate an economic downturn, rather than become its trigger. "If a negative shock were to hit the Australian economy, particularly one that caused a sizeable rise in unemployment, then the risk on the household balance sheet would magnify the adverse effect of that shock," Mr Debelle said […]

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Why Marijuana Stocks Could Still Be Dangerous For Investors

The United States and Canada have moved in different ways toward the legalization of marijuana in certain circumstances for years. Now, more than 20 states have legalized cannabis for medical or recreational purposes (or both), and Canada moved to legalize recreational cannabis use for adults in October of this year. Unsurprisingly, companies in the legal marijuana space and investors alike […]

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