by Jibran Munaf | September 22, 2024 | Economy, Finance
Federal Reserve Chair Jay Powell faces increasing pressure to ensure that the central bank’s interest rate cuts successfully lead to a soft landing for the U.S. economy. This week, Powell defended the Fed’s decision to initiate a series of rate reductions, emphasizing...
by Jibran Munaf | September 22, 2024 | Banking, Finance
With South Africa’s central bank cutting its main interest rate for the first time in over four years, Investec, a prominent South African bank, expects credit impairments to decrease over the next year. This optimistic outlook was shared by Group CEO Fani Titi,...
by Jibran Munaf | September 21, 2024 | Finance, News, Technology
UAE President Sheikh Mohammed bin Zayed Al Nahyan’s inaugural state visit to the United States marks a strategic shift in UAE-U.S. relations, with the focus moving beyond traditional defense and energy concerns toward a deeper collaboration in artificial intelligence...
by Vasu Jit Kalia | September 18, 2024 | Finance, Industry, Technology
Technical giants Microsoft and BlackRock are part of a group of companies collaborating to pull together up to $100 billion to develop data centers for artificial intelligence and the energy infrastructure to power them. Microsoft and BlackRock, along with Global...
by Jibran Munaf | September 17, 2024 | Finance, Market Commentary, Markets
The Federal Reserve is expected to announce a substantial rate cut at its meeting this Wednesday, with market sentiment increasingly favoring a 50 basis-point reduction. This marks a significant shift from last week when the probability of a larger cut was only 14%....
by Jibran Munaf | September 16, 2024 | Finance
Saudi Arabia’s Fourth Milling Company (MC4) has officially kicked off investor orders for its highly anticipated initial public offering (IPO), aiming to raise up to $228.9 million (SAR 859 million). The offering is set to capitalize on the region’s strong...
