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Email this article: Egyptian banks to confront toughening operating conditions in the coming months, says S&P
Posted: Tue May 15, 2012 1:03 pm
EGYPT. The negative rating actions on Egyptian banks mainly reflect S&P's successive downgrades of Egypt.
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INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
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