Anne Patterson News
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Egypt sold the fewest dollars since the start of foreign currency auctions in December as the government seeks to stem the decline of foreign reserves. The pound was little changed.
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When two Egyptian banks refused to give Ahmed El-Rifai the dollars his digital media company needed to pay Facebook Inc. last month, he turned to a more reliable source: the black market at a premium of about 8 percent.
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Egyptian authorities are blocking Americans working for U.S.-based pro-democracy organizations from leaving the country pending a decision on whether to put them on trial.
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New Jersey Governor Chris Christie nominated two more state Supreme Court justices after Democrats who control the Senate rejected his earlier picks.
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Presidential campaigns sometimes turn on big moments that help voters ponder the central question they have about every challenger: What would this person actually be like as president?
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New Jersey Governor Chris Christie said he wants to put the first-ever Asian-American and an openly gay justice on the state’s Supreme Court, after denying tenure for the bench’s only black member.
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Egyptian authorities have agreed to return property taken in yesterday’s raids on the offices of U.S. organizations working to promote democracy in the Middle Eastern nation, State Department spokeswoman Victoria Nuland said in a statement.
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The Egyptian government’s decision to press criminal charges against American pro-democracy workers is creating the deepest rift between the two nations in almost four decades and underscoring the shrinking U.S. influence in a rapidly changing Middle East.
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More than 100 bankers claim Commerzbank AG broke a pledge by Dresdner Bank, which it bought in 2009, to set aside about $516 million for bonuses and are asking a U.K. court this week to order that they be paid.
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Pakistan kept shut the main border crossing used to supply NATO troops in Afghanistan a day after the U.S. apologized for killing three Pakistani soldiers in the air strike that triggered the transit point’s closure.
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