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The UAE economic recovery will further strengthen in second half as the successful vaccine drive, stimulus plans, visa reforms and government policy actions to facilitate businesses
Stocks are recovering on Wall Street Wednesday after President Donald Trump appeared to backtrack on his decision to halt talks on another rescue effort for the economy.
Global shares rattled on Monday as surging coronavirus cases in Europe and the United States clouded the global economic outlook, while China’s leaders meet to plan the country’s economic future.
Italy approved a package of measures to support businesses hit by new restrictions aimed at reining in the coronavirus, hours after daily infections hit a new record high and COVID-19-related deaths jumped.
Spot gold rose 0.3% to $1,869.06 per ounce by 05:04 GMT, having touched its highest since Nov. 23 of $1,871.52 earlier in the session. US gold futures were up 0.4% at $1,873.50.
Stocks rebounded on Tuesday, with Washington’s approval of an $892 billion pandemic relief package helping them recover some of the losses caused by fears over a highly infectious new strain of COVID-19.
European and US stock markets mostly rose on Tuesday on optimism over US stimulus and vaccines, but London stumbled ahead of the capital’s tightened coronavirus restrictions as dealers also tracked Brexit trade talks.
Despite challenges due to the coronavirus pandemic, Pakistan’s economic performance remained encouraging in December, according to the Economic and Outlook report, which the government’s Finance Division publishes every month.
Brent crude futures declined 25 cents, or 0.5%, to $51.04 a barrel while US West Texas Intermediate (WTI) crude futures slipped 19 cents, or 0.4%, to $48.04 a barrel.
The benchmark European stock index jumped 0.5%, its highest since Feb. 26 while in Asia, Shanghai, Tokyo and Hong Kong advanced.