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Sabic starts marketing $1 billion dual-tranche bonds

03 Sep 2020

Saudi Basic Industries Corp (Sabic), the world’s fourth-biggest petrochemicals firm, started marketing a $1 billion dual-tranche bond offering on Thursday consisting of 10-year bonds and 30-year Formosa bonds, a document...

Gold retreats as dollar gains; all eyes on Powell speech

26 Aug 2020

Gold fell on Wednesday as the dollar strengthened, with investors awaiting US Federal Reserve Chairman Jerome Powell's speech for monetary strategy cues, but worries over the pandemic-ravaged global economy kept...

Gold firms on weaker dollar as focus turns to Fed

17 Aug 2020

Gold rose on Monday as the dollar eased, recouping initial declines following a steep drop in the previous week, with focus on the release of U.S. Federal Reserve minutes later...

Taiwan slashes 2020 GDP outlook again, but sees recovery ahead

14 Aug 2020

Taiwan’s economic growth will likely slow to its weakest in five years in 2020 as consumption and tourism take a hit from the coronavirus pandemic, but the economy is set...

Her statewide experience as California AG to help matters

12 Aug 2020

Melanie Mason, Tribune News Service Joe Biden has named his onetime rival Kamala Harris as his running mate, the campaign revealed on Tuesday, elevating California’s junior senator as the first...

Online education market set to grow by $350b by 2025

10 Aug 2020

Sajjad Ahmad, Gulf Today Online learning has shown significant growth over the last decade. Since the COVID-19 outbreak, online schools have become more centric in people’s lives. As per...

US economy sinks in Q2 amid pandemic, jobless claims rise

30 Jul 2020

The US economy collapsed in the midst of the coronavirus pandemic, suffering the largest decline on record, while hopes for a recovery took another hit as job losses increased, according...

Volkswagen in loss, cuts dividend

30 Jul 2020

Volkswagen reported a second-quarter operating loss on Thursday as vehicle deliveries dropped by almost a third due to the COVID-19 pandemic, forcing the German carmaker to cut its dividend despite...

European shares close higher as focus turns to US stimulus

28 Jul 2020

European shares closed modestly higher on Tuesday, as investors assessed a batch of mixed earnings reports while holding out for more US stimulus to limit the economic damage of COVID-19....

Sheikh Mohamed chairs Abu Dhabi Investment Authority's board meeting

21 Jul 2020

His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday presided over the meeting of the...

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