US business activity drops in April
US business activity tapered off to a four-month low due to softer demand in April.
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Federal Reserve
Abu Dhabi to re-enter eurobond market after 3-yr absence
Abu Dhabi is entering the eurobond market for the first time in roughly three years, a move prompted by diminishing…
Asian stocks climb, eyes turn to Fed data
Asian stocks continued their upward trajectory on Tuesday, gaining 0.8 per cent, fueled by gains on Wall Street and…
China holds rates steady despite positive economic data
China's central bank maintained its wait-and-see approach, keeping benchmark lending rates unchanged at its monthly…
Gold loses shine as focus shifts to US inflation data
Gold prices tumbled on Monday as hopes for a de-escalation in the Middle East reduced its safe-haven appeal.
Yen Rises, dollar retreats as G7 eyes currency calm
The US dollar took a breather on Thursday after Federal Reserve comments solidified expectations of continued…
Yen sinks, dollar up on Fed remarks
The US dollar edged lower on Wednesday, while the Japanese yen hovering near its weakest level in 34 years at…
US factory production surges in March
US factory production surged in March, buoyed by increased output in motor vehicle assembly and other sectors.
US data lifts dollar, yen weakens
The US dollar strengthened against major rivals on Tuesday, reaching a five-month high against the pound and euro,…
BofA profits decline in Q1 ’24
Bank of America (BofA) witnessed a decline in its profits on Tuesday, attributed to reduced earnings from customer…
