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
Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Hamdan Bin Rashid Al Maktoum,
UAE-founded ekar has announced a strategic partnership with Masdar, one of the world’s leading renewable energy companies, to bring electric vehicle car-sharing to the Middle East
Dubai: Pearl Initiative, a business-led non-profit organisation promoting a culture of corporate transparency and accountability for the Gulf Region’s private sector, recently hosted a roundtable