Stocks Middle East markets close mixed, EGX surges on March 7 Aya Anwar Mar 7, 2024 0 Gulf stock markets reacted mixed to U.S. Federal Reserve Chair Jerome Powell's remarks on monetary policy.
International News Morgan Stanley raises MSCI Europe’s ’24 index target on AI boom Nada Ali Feb 27, 2024 0 Morgan Stanley raised its year-end target for the MSCI's European index on Tuesday, citing the positive impact of…
Banks Bank of Mexico may increase key rate by 25 bps Yassmine Elbehnaihy Mar 28, 2023 0 Mexican central bank, Banxico, is expected to raise its interest rate by 25 basis points on Thursday, as inflation…
Banks U.S. banks borrow from Fed’s lending programme Sama Mousa Mar 20, 2023 0 U.S. banks are rushing to borrow from the lending programme of the Federal Reserve this week, as the banks have…
International News US economy adds 311K jobs in February Yassmine Elbehnaihy Mar 13, 2023 0 U.S. economy has added 311,000 jobs in February, exceeding economists’ expectations, which estimated the number to…
Banks U.S. weighs new fund as backup if more banks fail Sama Mousa Mar 12, 2023 0 The U.S. Federal Reserve and the Federal Deposit Insurance Corp are considering creating a fund to allow regulators…
Feature ECB to start discussion on shrinking its balance sheet earlier on October – report Nada Ali Sep 12, 2022 0 The European Central Bank (ECB) agreed to start discussions on shrinking its balance sheet in early October,…
Money BREAKING: U.S. Fed unveils another big interest rate hike at 75 basis points Yomna Yasser Jul 27, 2022 0 The U.S. Federal Reserve (Fed) has on Wednesday hiked its key interest rate by three-quarters of a percentage point…
Feature U.S. Fed hikes key interest rates by 0.75 percentage point, biggest since 1994 Yomna Yasser Jun 15, 2022 0 The U.S. Federal Reserve has announced on Wednesday its biggest hike in interest rates since 1994, a move aimed to…
Money US Fed sees uncertain recovery as Covid-19 will ‘weigh heavily’ on economy Amwal Al Ghad English Aug 20, 2020 0 US Federal Open Market Committeeon warned the economic downturn induced by the Covid-19 pandemic faces a highly…