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Author: Steven Sahiounie
Both nations expressed keen interest in leveraging Chinese advanced construction technology for Saudi Arabia’s infrastructure projects
Doha, Qatar: The Producer Price Index (PPI) of the Industrial sector for March 2024 is estimated at 113.13 points showing a decrease of 1.10%, when compared to the previous month’s February 2024.
His defense of the inflation target comes amid persistent calls from some corners for the Fed to overhaul the way it guides, sets and communicates policy
Investors had been keenly awaiting the data, as the US non-farm payrolls figures are key to the Federal Reserve’s decision-making on when to lower interest rates
The Dow Jones Industrial Average rose 450.02 points, or 1.18%, to 38,675.68 NEW YORK – A gauge of global stocks rallied while Treasury yields fell on Friday after a U.S. payrolls report was softer than anticipated, easing concerns the Federal Reserve would keep interest rates higher for longer. Nonfarm payrolls rose by 175,000 last month, the lowest since October 2023, and short of the 243,000 estimate of economists polled by Reuters. The 3.9% annual change in average hourly earnings was the smallest since May 2021 and continued a steady decline toward the mid-3% range, which policymakers feel is consistent with…
NEW YORK – The dollar fell to a three-week low against the yen on Friday after data showed U.S. jobs growth slowed more than expected in April and annual wage gains cooled, boosting bets that the Federal Reserve will cut rates twice this year.
Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction from last month’s stellar rally as investors booked profits while geopolitical risks eased.
Nigeria has grappled with anemic growth, dollar shortages, a mounting debt burden and widespread insecurity
The OECD unemployment rate stood at 4.9% in February, close to its lowest levels since 2001 The global economy continues to grow at a modest pace, with a steady global GDP growth of 3.1% in 2024, the same as the 3.1% in 2023, followed by a slight pick-up to 3.2% in 2025, according to the OECD’s latest Economic Outlook. The impact of tight monetary conditions continues being felt, particularly in housing and credit markets, but global activity is proving relatively resilient, the decline in inflation continues, and private sector confidence is improving. The OECD unemployment rate stood at 4.9% in…
About 400 people have lost their lives in East Africa and tens of thousands have been uprooted from their homes in recent weeks as torrential rains triggered flooding and landslides engulfed houses, roads and bridges
