Traders carry out routine work on the floor of the New York Stock Exchange. Reuters
World shares hit a 15-month high and the euro climbed on Thursday as the European Central Bank followed its US counterpart, the Federal Reserve, and delivered another widely-expected interest rate increase.
US and European stocks mostly advanced Wednesday despite data that showed US inflation slowed down less than investors had been expecting. Soaring inflation and the hiking of interest rates by central banks in response has been one of
Global stocks wavered Wednesday on strong industrial production data from the US and eurozone, while concerns about the Chinese economy and a further Fed rate hike persisted. Wall Street stocks were mostly higher early Wednesday after the Federal Reserve announced industrial production rose by 1.0 per cent
World stock markets mainly rose on Friday as companies reported better-than-expected earnings and investors are hopeful easing US inflation means an end of rate hikes is near. The European single currency meanwhile struck $1.1248, the highest level since February 2022, and oil prices slid before the weekend.
The director general of the World Trade Organisation, Ngozi Okonjo-Iweala, on Sunday launched a $50 million fund to help female entrepeneurs
In the presence of Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED),
The growth opportunities and continued resilience of the aviation sector in a challenging environment will dominate discussions at the 11th Arab Aviation Summit (AAS 2024)