dimanche 25 novembre 2012

Egypt's stock market tumbles after Morsi's decree

In this Friday, Nov. 23, 2012 photo released by the Egyptian Presidency, President Mohammed Morsi speaks to supporters outside the Presidential palace in Cairo. Egypt's official news agency says that the country's highest body of judges has called the president's recent decrees an "unprecedented assault on the independence of the judiciary and its rulings." In a statement carried on MENA Saturday, the Supreme Judicial Council says they regret the declarations President Mohammed Morsi issued Thursday. (AP Photo/Egyptian Presidency)Egypt's benchmark stock index on Sunday plunged by more than 9.5 percent in the first trading session since the country's Islamist president issued decrees to assume sweeping new powers, while police in central Cairo fired tear gas at protesters who accuse the Egyptian leader of a blatant power grab.


Source: http://news.yahoo.com/egypts-stock-market-tumbles-morsis-decree-135821153--finance.html

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