A woman walks past a branch of Credit Suisse in New York. Agence France-Presse
Global stocks rose on Friday after a top Federal Reserve official cemented expectations of a US interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar.
For the first time since the Great Recession a decade ago, the US Federal Reserve is poised to cut interest rates, shoring up America’s defenses as the global economy weakens.
US underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a slowing economy.
Who said it? “A small rate cut is not enough, but we will win anyway!” The answer, technically, is President Donald Trump, who again this week fumed about the European Union and China on Twitter while lamenting that the Federal Reserve raised interest rates “way too early and way too much.” But it just as well
Against the backdrop of an International Finance Corporation (IFC) report, which states that women-owned SMEs represent only 34 per cent of the sector globally,
The number of hotel guests staying in Abu Dhabi emirate during the third quarter of 2019 exceeded 1.3 million, an increase of 1.7 per cent compared to the same period in 2018,
Abu Dhabi Securities Exchange (ADX), celebrated its 19th anniversary. The past year has seen many achievements, which has strengthened ADX’s position among the leading financial markets in the region and the world,
Poland’s gross domestic product (GDP) growth slowed in the third quarter, statistics office data showed, missing analysts’ estimates as weaker growth in construction and industry offset continuous strong domestic consumer demand.