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Bank of America’s fourth quarter profit shrank as the lender took $3.7 billion in one-off charges on Friday, and its finance chief expressed optimism about the US economic outlook....
US producer prices unexpectedly fell in December amid declining costs for goods such as diesel fuel and food, suggesting inflation would continue to subside and allow the Federal Reserve to...
Citigroup will cut 20,000 jobs over the next two years, its Chief Financial Officer Mark Mason said, after the bank reported a $1.8 billion loss for the fourth quarter. The...
The International Monetary Fund’s (IMF) board has approved a roughly $700 million loan for Pakistan under a $3 billion bailout, the fund and the finance ministry said on Thursday. The...
Japan’s Nikkei share average scaled a 34-year peak on Friday, recording its best week since March 2022, underpinned by receding bets on an early exit from the Bank of Japan...
Japan’s Nikkei share average closed at a 33-year high on Tuesday, as investors snapped up chip-related stocks tracking an overnight Wall Street rally in technology shares. The Nikkei rose 1.16...
China’s foreign exchange reserves rose in December, official data showed on Sunday, as the dollar fell against other major currencies. The country’s foreign exchange reserves - the world’s largest -...
As of January 2024, the aggregate market capitalisation of the top 16 national companies listed on local exchanges stood at Dhs2.7 trillion. Driven by planned market expansions and existing valuations...
India could set a target for divestment from state firms in fiscal 2024/25 that falls short of this year’s goal to stand at the lowest in nine years, as the...
Gains in Europe and data from China helped equity markets shake off their New Year blues on Thursday as the latest signals from the US Federal Reserve nudged both the...
