Afternoon Reading: Egypt Gets $2B From Libya; Apple Fuels Sales Rise At Hon Hai
In Libya, the government is giving cash-strapped Egypt $2 billion and speeding up visa for thousands of laborers seeking to work in the oil rich country. And Brazil’s government is casting about for ways to revise stalled economic growth. WSJ: In Afghanistan, U.S. Secretary of State John Kerry arrived in Afghanistan to shore up a troubled alliance, following compromises by the U.S. that could ease friction between Washington and Kabul. Elsewhere, Fed Chairman Ben Bernanke attacked the charge that his sy-money policies are provoking a global currency war. And Hon Hai Precision Industry (HNHPF) said net profit rose 16% in 2012 from the previous year, as the Taiwan-based assembler of Apple (AAPL) products saw its revenue increase as the U.S. company’s sales grew.