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Stocks and Markets
Saudi Arabia’s Industrial Production Index rose 1.6 percent in July, compared to the same month last year, driven by a surge in manufacturing activity
The US Federal Reserve is widely expected to start cutting interest rates in the coming months, as inflation edges closer to its long-run target of two percent.
Jamie Dimon calls for the snowballing US debt burden to be addressed before it turns into crisis
Local smartphone makers outperformed Apple in the final quarter of last year, data has shown
NEW YORK/LONDON – MSCI’s global stock index barely rose on Friday while the U.S. dollar edged down after the U.S. Federal Reserve’s favored inflation reading showed moderating prices and investors waited anxiously for clues on interest rate policy days ahead of the central bank’s closely monitored meeting.
NEW YORK – The U.S. dollar inched lower on Friday, after data showed inflation rose modestly in December but was trending lower, which should keep the Federal Reserve on track to cut interest rates by the middle of the year.
The fuel is seen as a vital lifeline for Western Europe, which has cut itself off from cheaper Russian gas imports
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