BRIEF-S&P downgrades Delta Bank rating
* Says that on Jan. 23 Standard & Poor's (S&P) Global Ratings lowered its long-term counterparty credit rating on Delta Bank to 'CCC-' from 'CCC+'
DUBAI Dec 20 Egypt's stock market rose sharply in early trade on Tuesday as investors piled in after the blue-chip index hit a record high.
The index was up 3.4 percent at 12,149 points after 40 minutes of trade, exceeding its previous all-time high of 12,039 points, reached in April 2008. The broader EGX100 index rose 1.5 percent.
The market has been in a strong uptrend since the Egyptian pound was floated on Nov. 3, weakening the currency and making stock prices much more attractive to foreign investors.
On Monday, the index jumped 3.1 percent. There was no major, fresh news on Tuesday to spur buying but the index's rise above the 2008 peak, which some had expected to be strong resistance, encouraged many investors, traders in Cairo said. (Reporting by Celine Aswad; Writing by Andrew Torchia)
FRANKFURT, Jan 24 Deutsche Bank is considering a Luxembourg registration and a partial initial public offering of its asset management unit as part of its strategic revamp, people close to the matter said on Tuesday.
Jan 24 U.S. President Donald Trump met with auto executives on Tuesday and also gave the energy industry a boost with action on pipelines. Highlights of the day follow: