Traders work during the opening bell at the New York Stock Exchange on Friday. Agence France-Presse
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.
Japan’s economic growth unexpectedly accelerated in January-March, driven by net contributions from exports and defying forecasts for a contraction in the world’s third-largest economy. However, the surprise expansion was mostly caused by imports declining faster than exports, likely reflecting weak domestic demand,
Etisalat, from Emirates Telecommunication Group Company and, du, from Emirates Integrated Telecommunications Company (EITC), have announced the finalisation of their master developer agreements (MDA) with Emaar Properties,
The DED Trader licence, launched by the Business Registration & Licensing (BRL) sector of Dubai Economy (DED) to license freelancers at their place of residence in Dubai and enable start-ups to conduct business activities online
Rising trade deficit along with chances of a populist budget might dampen rupee’s prospects during the coming week. Nevertheless, persistent interest of Foreign institutional investors (FIIs) in India’s equity market will arrest any sharp depreciation moves.