forex news Dollar dips vs yen, kiwi lifted by RBNZ’s rate view Noha Gad Aug 23, 2016 0 The dollar dipped against the yen on Tuesday, while the New Zealand dollar rose after the nation's central bank…
Tech news Cisco Systems to dismiss about 14,000 employees Ghada Ismail Aug 17, 2016 0 Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment…
forex news Kiwi hits 1-year high after RBNZ rate cut falls short of expectations Noha Gad Aug 11, 2016 0 The New Zealand dollar surged to its highest level in more than a year on Thursday after the Reserve Bank of New…
Banks BOE’s McCafferty says more rate cuts on way if economy worsens Noha Gad Aug 9, 2016 0 Bank of England policymaker Ian McCafferty said more quantitative easing was likely to be required if the U.K.'s…
Real Estate Economy slowing, lower oil prices affecting Abu Dhabi’s rental markets aya salah Jul 30, 2016 0 Average housing rents in Abu Dhabi have fallen for the first time in three years, driven by thousands of job cuts…
Tech news Sharp first quarter loss declines on cost cuts, but revenue plunges by a third Ghada Ismail Jul 30, 2016 0 Japanese electronics maker Sharp Corp reported a smaller first-quarter loss helped by restructuring and cost…
Tech news Ericsson plans to lay off thousands to cut costs Ghada Ismail Jun 15, 2016 0 Telecoms equipment maker Ericsson plans to lay off thousands of staff this summer and is considering large,…
International News Turkish economy minister expects central bank to continue rate cuts Noha Gad Jun 8, 2016 0 Turkish Economy Minister Nihat Zeybekci said he expected the central bank, which has cut its lending rate for three…
Industry & Trade BP’s oil search strategy shrinks with budget cuts Noha Gad May 23, 2016 0 The surprise departure of BP's exploration boss has turned the spotlight on an oil search strategy that, after…
Financial Institutions Goldman Sachs cuts equities to ‘neutral’, upgrades commodities Noha Gad May 18, 2016 0 Goldman Sachs downgraded equities to "neutral" over a 12-month time-frame on growth and valuation concerns, but…