Baidu markets dual-tranche US dollar bonds
HONG KONG, June 28 (IFR) - Chinese internet search provider Baidu is marketing a SEC-registered dual-tranche senior unsecured US dollar benchmark bond offering.
CAIRO Jan 9 The Egyptian central bank offered $50 million to banks at a foreign currency auction on Wednesday, less than the $60 million offered at auctions earlier under a new system aimed at getting a currency crisis under control.
The bank offered $75 million during the first week of the auctions, which were introduced on Dec. 30. The Egyptian pound has weakened by about 4.6 percent on the interbank market since then. The reserves stood at $15 billion in December.
June 28 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.