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    Italy factory activity grows for second month in Aug: PMI

    Italy factory activity grows for second month in Aug: PMI

    01 Sep 2020

    Italian manufacturing activity increased for a second month running in August and at its fastest rate for more than two years, a survey showed on Tuesday, raising hopes for...

    European shares boosted by tech; all eyes on upcoming data

    European shares boosted by tech; all eyes on upcoming data

    01 Sep 2020

    Technology stocks drove European shares higher on Tuesday, but sentiment was shaky ahead of key economic readings that are likely to indicate an uneven recovery from the coronavirus. Apple...

    Euro aims for $1.20 as dollar selloff gathers pace

    Euro aims for $1.20 as dollar selloff gathers pace

    01 Sep 2020

    The euro homed in on the $1.20 mark on Monday as it scaled another 28-month high while the dollar weakened to a new multi-year low as investors bet the...

    Dollar sold broadly as bearish mood weighs on rates outlook

    Dollar sold broadly as bearish mood weighs on rates outlook

    01 Sep 2020

    The dollar fell toward multi-year lows against most major currencies on Tuesday as investors stepped up bets the Federal Reserve's new policy framework meant US rates would stay lower...

    India’s recovery to take time after GDP shrinks 24% in first quarter

    India’s recovery to take time after GDP shrinks 24% in first quarter

    31 Aug 2020

    India’s economy shrank by nearly a quarter in April-June, much more than forecast and pointing to a longer than previously expected recovery with analysts calling for further stimulus. Consumer spending,...

    UAE consumer spending up in August

    UAE consumer spending up in August

    31 Aug 2020

    In a sign that bodes well for an eventual market recovery after the coronavirus, consumer spending in the UAE continues to increase for the third straight month, jumping 63 per...

    Japan investors bet on Suga’s Abenomics, buy travel stocks

    Japan investors bet on Suga’s Abenomics, buy travel stocks

    31 Aug 2020

    Japanese investors are putting their money on Chief Cabinet Secretary Yoshihide Suga taking over as Japan’s next prime minister, and extending the economic policies that defined his predecessor’s nearly eight...

    Fund transfers between UAE’s banks amount to Dhs5.054tr

    Fund transfers between UAE’s banks amount to Dhs5.054tr

    31 Aug 2020

    The total value of fund transfers among the UAE’s banks amounted to Dhs5.054 trillion during the first six months of 2020, according to the statistics released by the Central Bank...

    RBI announces new measures to maintain market stability

    RBI announces new measures to maintain market stability

    31 Aug 2020

    The Reserve Bank of India (RBI) announced new measures on Monday to maintain stability in the financial system during the coronavirus pandemic, including two more tranches of special open market...

    Turkey’s economy shrinks 10 per cent in second quarter

    Turkey’s economy shrinks 10 per cent in second quarter

    31 Aug 2020

    Turkey’s economy contracted by 10 per cent in the second quarter (Q2) as a coronavirus lockdown brought activity to a near standstill, according to data on Monday that showed its...

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