US stocks opened lower as traders closely watched for signs on economic downturn. Reuters
A German GDP contraction, weak Chinese industrial output and an inversion of the US yield curve all seem to strengthen fears of a global slowdown and the world community needs to take a serious note of it. Also highlighting the seriousness of the issue is the fact that stock markets on both sides of the Atlantic
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
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.
Global stocks mostly rose on Tuesday with the prospect of a US interest rate cut and broader central bank dovishness helping to offset lingering US-China trade war tensions. Bourses in Paris, Frankfurt and London all rose, along with Tokyo, Hong Kong and Shanghai. But Wall Street finished slightly lower,
The federal government has decided to sell its precious unutilised state properties at the Dubai Expo to attract foreign and Pakistani investors to the country and the funds generated through the exercise
The Reserve Bank of India (RBI) kept its key lending rate on hold in a shock decision that spooked markets on Thursday, even as it slashed its growth forecast for the economy to its lowest level in over a decade.
DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has announced details surrounding its latest campaign to boost international diamond trade through the emirate of Dubai.