Gulf markets take advantage from high oil prices
Gulf's stock market closed high on Sunday which resulted from Friday's rise in oil prices, with the Saudi index…
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U.S. Federal Reserve
Citigroup predicts U.S. Fed to soar interest rate in Nov
Citigroup expects the U.S. Federal Reserve (the central bank of the United States) to raise its key interest rate…
Goldman Sachs expects gradual cut in Fed interest by mid-2024
Goldman Sachs economists said on Sunday it expected the U.S. Federal Reserve to start cutting interest rates in the…
Russia to reduce oil supply in August by 500K barrels per day
Russia will reduce its oil exports by 500 thousand barrels per day (bpd) in August as a global economic slowdown…
Oil prices retreat amid concerns about dollar price
Oil prices have decreased Monday amid anticipations about the Federal Reserve’s upcoming meeting and decisions.
Microsoft to pay over $3mln fines for violating US sanctions against Russia
Microsoft Corporation has agreed to pay over $3 million to settle a potential civil liability, for being accused of…
U.S. weighs new fund as backup if more banks fail
The U.S. Federal Reserve and the Federal Deposit Insurance Corp are considering creating a fund to allow regulators…
Canadian inflation declines to 5.9% in January
Canada’s inflation shows a decline by 5.9 percent in January, according to data released on Tuesday, allowing the…
Oil prices falls amid U.S. Fed interest rate hike concerns
Oil prices fell for third trading session on Wednesday dependent on the U.S. Federal Reserve’s prediction that it…
IMF chief: one third of world economy seen recession in 2023
2023 is going to be tougher on the global economy, International Monetary Fund’s (IMF) chief Kristalina Georgieva…
