People walk past a bank in Rio de Janeiro, Brazil. Reuters
Brazil’s central bank (CB) delivered its first interest rate hike in nearly six years on Wednesday, a larger-than-expected 75 basis point increase to 2.75%, and flagged a similar move in May to fight inflation despite rising economic uncertainty.
The Riksbank, Sweden’s central bank, said it still expects to tighten policy around the turn of the year, surprising markets and sparking big gains in the long-suffering crown currency.
Brazil’s services sector activity expanded in August for the second month in a row, a closely watched purchasing managers index (PMI) survey showed, although the pace of growth slowed.
The Swiss National Bank can expand its balance sheet further if necessary, the central bank said on Monday, after its annual report showed it ramping up foreign currency interventions to 110 billion Swiss francs ($118.27 billion) during 2020.
Expo 2020 Dubai’s Opening Ceremony will be a breathtaking curtain-raiser featuring hundreds of performers in a 90-minute
Abu Dhabi National Oil Company (Adnoc), bp and Masdar announced the signing of strategic framework agreements to expand upon the UAE and UK’s
Dubai Electricity and Water Authority (Dewa) has completed the construction of its pavilion in the Sustainability District of Expo 2020 Dubai,