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Stocks on Wall Street slid amid expectations for rate hike

10 Apr 2023

Wall Street is slipping Monday in the first trading for stocks after a report raised speculation the Federal Reserve may tap the brakes a little harder on the economy. The...

India surpasses Rs85,000 crore worth mobile phone exports

08 Apr 2023

The government push towards local manufacturing of consumer electronics items has helped India cross record more than Rs 85,000 crore in mobile exports in the fiscal year ending March 31,...

Abu Dhabi and Saudi Arabia lead the Arab stock exchanges with gains of $125 billion

07 Apr 2023

Gulf Today, Staff Reporter The Abu Dhabi Stock Exchange and the Saudi Stock Exchange led the gains of the Arab stock exchanges, after their market capitalisation gained more than...

US jobless claims fall; revisions suggest labour market slowing

07 Apr 2023

The number of Americans filing new claims for unemployment benefits fell last week, but annual revisions to the data showed applications were higher this year than initially thought, further evidence...

IMF sees global growth below 3% in 2023

06 Apr 2023

The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain around 3% for the next five years, IMF Managing Director Kristalina Georgieva said...

Global stock markets rise, but risks of inflation flare-up pick up

04 Apr 2023

Global stocks rose on Tuesday, while investors grappled with the possibility of a flare-up in inflation due to the Opec+ group’s surprise output target cut, while the dollar dipped after...

India’s economy to grow by 6.4% in 2023

04 Apr 2023

The Asian Development Bank (ADB) has projected growth in India’s gross domestic product (GDP) to moderate to 6.4 per cent in fiscal year (FY) 2023 ending on March 31, 2024...

Oil prices surge on Opec+ move to cut their production target

03 Apr 2023

Oil prices surged on Monday after Saudi Arabia and other Opec+ producers announced a surprise cut in their output target, a move that rippled through stock markets, though the dollar...

US business activity accelerates in March as orders rebounded

25 Mar 2023

US business activity gained steam in March as orders rebounded for the first time in six months, according to a survey on Friday, which also suggested that inflation could continue...

Deutsche Bank, UBS hit as bank worries spark stress signals

24 Mar 2023

European banking stocks fell sharply on Friday, with Deutsche Bank and UBS knocked by worries that actions by regulators and central banks have not yet contained the worst problems to...

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