It’s the type of coordinated change that characterised how central banks responded to the financial crisis. Reuters
Quarterly results from four of the largest US banks showed that American consumers are helping to prop up the economy, even as recession fears have led businesses to pull back on spending and borrowing.
In a statement published on the Dubai Financial Market website, the Dubai-based bank explained, "The largest purchase by one single investor was 10,116,892 shares on this date (28th May 2020)."
The Federal Reserve meets this week amid mixed signals on the health of the US economy, with some major sectors bouncing back from the coronavirus-caused downturn and others struggling.
Fifty-seven per cent of board members are UAE nationals. The new board includes 23 founders, CEOs and chairpersons with leadership experience in 15 countries across 5 continents.
Dubai Electricity and Water Authority (Dewa) has commissioned three new substations with a conversion capacity of 450 megavolt-amperes (MVA) in addition to 132 kV ground cables that extend on 35 kilometres
Business activity in the eurozone shot ahead at its fastest rate in 21 years in July, a closely watched survey said on Friday, as the economy went into full throttle with loosened Covid-19 restrictions.