Federal Reserve official Neel Kashkari has reiterated the Fed’s wait-and-see approach about possible rate cuts. In a recent interview on CNBC, Kashkari, who serves as the president of the Federal Reserve Bank of Minneapolis, said the Fed has an ace up its sleeve—a strong job market—as it holds off on making any rushed decisions about...
Stocks dragged further by US rate worry, China gloom
Expectations of another Fed hike have pushed 10-year Treasury yields -- a gauge of future rates -- close to their highest levels since the global financial crisis. Data on Thursday did little to dissuade investors, with unemployment benefit applications falling the most since last month, indicating the labour market remains...Economic crisis, Ukraine war impact Arab currencies
The currencies of six Arab nations faced significant decline during the first quarter of 2023 amidst global economic uncertainty, while another six experienced growth.
Most Asian markets rise on optimism
Inflation slows and China reopens to the world, give a boost to markets.
Gold set for strong quarterly rise after interest rate-driven drop
Gold prices moved up on Friday, as the non-yielding metal is on course to close its best quarter since June 2020.
ECB mulls rate hike slowdown on ‘peak inflation’ hopes
As part of its monetary policy tightening, the ECB will on Thursday outline the next steps in its efforts to slim down the bank's massive balance sheet. It has already made changes to the terms of an ultra-cheap bank loan scheme, aimed at keeping credit flowing during the pandemic, in...Bringing down inflation will take time, more rate hikes: Fed officials
As US annual inflation has soared to the fastest in 40 years, the Fed has moved aggressively this year to tamp down demand, raising the interest rates five times, for a total of three percentage points. "Inflation remains stubbornly and unacceptably high, and data over the past few months show...Asian markets rise as US data boosts hopes of slower Fed hikes
Asian stocks rose Friday after data showing another contraction in the US economy boosted hopes that the Federal Reserve will slow its pace of interest rate hikes. After an extended period of pessimism on trading floors fuelled by soaring inflation and the central bank's monetary tightening campaign, investors are beginning...
Aramco expected to post $44bn profit in Q2: report
Al-Rajhi Capital which has analyzed the performance of all industrial sectors expects Saudi-listed companies to see mixed earnings in Q1 2022, amid rising oil prices.
