Browsing: Business

The Central Bank of the United Arab Emirates (CBUAE) has reported a significant increase in its gold reserves, surpassing AED23 billion by the end of the third quarter of 2024. According to the CBUAE’s Monthly Statistical Bulletin for September, the reserves grew by

Bitcoin’s historic rally paused after the cryptocurrency surpassed $108,000 for the first time, reflecting a mix of cautious optimism among traders as they anticipate key signals from the Federal Reserve’s policy meeting. The leading digital asset reached $108,315 on Tuesday but retreated to

Honda and Nissan, two of Japan’s leading automakers, have reportedly engaged in early-stage discussions about a potential merger, as they face mounting challenges in the competitive electric vehicle (EV) market. According to reports from the Nikkei and other outlets, the talks aim to strengthen

T. Rowe Price has raised the prospect of 10-year US Treasury yields reaching 6% for the first time in more than two decades, citing worsening fiscal conditions and potential economic impacts of Donald Trump’s proposed policies. Arif Husain, Chief Investment Officer for Fixed Income

Pfizer Inc. (NYSE:PFE) has issued its financial guidance for the full year 2025, projecting revenue growth between $61 billion and $64 billion, representing a flat 5% operational increase from the midpoint of its 2024 guidance. The pharmaceutical giant also forecast adjusted

The Dow Jones Industrial Average and other key U.S. stock indexes opened higher on Monday as investors awaited a crucial Federal Reserve meeting later this week. Super Micro Computer (SMCI) emerged as a significant early loser, plunging after being removed from the Nasdaq 100

The Central Bank of the Russian Federation announced adjusted exchange rates for foreign currencies against the ruble, effective from December 14 to December 16, 2024. The exchange rate for the US dollar was reduced by 51.95 kopecks, setting it at 103.4305 rubles.

Germany is bracing for another year of economic contraction, as the Deutsche Bundesbank forecasts a 0.2% decline in GDP for 2024. This marks the second consecutive year of economic shrinkage, with structural challenges and international trade concerns contributing to the sluggish performance.

The Asian Development Bank (ADB) has revised South Korea’s 2025 economic growth forecast downward to 2 percent, according to an announcement by Seoul’s finance ministry on Wednesday. The adjustment reflects a 0.3 percentage-point decrease from the bank’s previous projection made in

MENA Newswire News Desk: The Republic of Korea recorded its sixth consecutive monthly current account surplus in October, bolstered by strong exports of semiconductors and automobiles, according to data released by the Bank of Korea on Friday. The current account surplus reached $9.78 billion