Weekly roundup Apr 15

  • Global stock markets react to US-Iran ceasefire and oil price volatility.
  • Colombian central bank board meeting threatened by finance minister's absence.
  • Banco Master scrutinized for transfers to political and media-linked firms.
  • S&P downgrades Colombia's credit amid fiscal challenges and tax reform plans.
  • Philippine oil firms roll back prices amid collusion investigation calls.
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Egypt’s gold investment funds recorded total net assets of EGP 9.28bn in March 2026, according to a report by the Financial Regulatory Authority (FRA). Investor accounts reached approximately 289,000, indicating an expanding base. Individual investors account for 72% of total accounts.

Reported by AI

Egypt’s current account deficit narrowed by 13.6% to $9.5bn in the first half of fiscal year 2025/26, driven by a 29.6% surge in remittances to $22.1bn, Central Bank of Egypt data shows. Tourism and Suez Canal revenues also boosted the services surplus.

Catherine Tornel, the new president of Chile's Financial Market Commission (CMF), announced plans to recruit a specialized team this year to validate banks' internal credit risk models under Basel III. The move could free up to $10 billion in capital, boosting lending capacity. She made the announcement at a Clapes UC seminar at UC's main campus.

Reported by AI

Life Insurance Corporation of India has announced its first bonus share issue in a 1:1 ratio, providing one bonus share for every share held. The move will double the company's paid-up equity base and reward shareholders amid the stock's underperformance since its 2022 public debut. Subject to approval, the issuance will capitalize reserves and is expected within two months.

 

 

 

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