by Jibran Munaf | July 16, 2024 | Economy, News
Japan’s 10-year government bond yield fell to a three-week low on Tuesday, as market players moved to cover their short positions amid rising expectations of a U.S. interest rate cut in September. Dollar Steadies As September Rate Cut Back in Focus; Yen Wobbles...
by Jibran Munaf | July 15, 2024 | Economy, News
Federal Reserve Chair Jerome Powell expressed concern that holding interest rates too high for too long could jeopardize economic growth. Setting the stage for a two-day appearance on Capitol Hill this week, the central bank leader said the economy remains strong as...
by Jennifer George | July 11, 2024 | Economy, News
According to preliminary data released by the Federal Statistics Office on Thursday, Germany saw a dampening in its inflation in June as a result of lower energy and food prices. The current German consumer prices, harmonized to compare with other European Union...
by Jibran Munaf | July 11, 2024 | Breaking, Economy, News
A closely-watched report on US inflation revealed that consumer price increases cooled further in June, according to the latest data from the Bureau of Labor Statistics released Thursday morning. The Consumer Price Index (CPI) declined by 0.1% over the previous month...
by Jibran Munaf | July 11, 2024 | Economy, Expert Analysis, News
Global wealth growth rebounded by 4.2% in 2023, recovering from a 3% contraction in 2022 that was largely attributable to currency effects, particularly a strong USD. This recovery offset the previous year’s losses regardless of whether wealth was measured in...
by Jibran Munaf | July 10, 2024 | Economy, News
The UAE and Russia signed several agreements and preliminary pacts on industrial investments on Tuesday during the Innoprom global industrial exhibition in Yekaterinburg. The UAE – the first Arab nation to partner with Innoprom – had a strong presence at the four-day...
