MARKETS / FINANCE

Who Stands In The Crosshairs Of Trump's Tariffs?

US President Donald Trump said he would raise tariffs on Chinese goods to 125 percent
With sweeping tariffs targeting key US trading partners, President Donald Trump sent the world economy into a tailspin Wednesday before backing down hours later -- with a 90-day reprieve for all but China.
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A Xiaomi SU7 electric car is displayed at a Xiaomi store in Beijing on March 26, 2024.

UAE PM Directs Development Of World's Largest, Most Advanced Car Market In Dubai

The aim behind the move is to strengthen Dubai's position as a leading city in the automotive trade sector. Following the prime minister's order, a partnership agreement between Dubai Municipality and DP World was signed Thursday for the development of the new car market. This market will span 20 million square feet.
Sana Khan Jul 05, 2024
Representative Image of Stock Charts

UAE Stock Markets Gain AED 21.3 Billion In New Capital From 3 IPOs In 2024

The IPOs and new listings have increased market liquidity, making it more attractive for investors and strengthening its position as a key global financial and business hub. Alef Education Holding plc was the first IPO on the Abu Dhabi Securities Exchange (ADX) in 2024, with a market value of about AED 9.45 billion.
Sana Khan Jun 18, 2024
Consumer prices in the eurozone slowed to 2.8 percent in January, from 2.9 percent in December

Eurozone Inflation Slows To 2.8% In January

Consumer prices slowed to 2.8 percent in January, from 2.9 percent in December, the EU's statistics agency said. Analysts surveyed by Bloomberg and FactSet had forecast inflation to slow to 2.7 percent.
AFP news Feb 01, 2024
Hong Kong's Hang Seng Index led the surge across Asian markets

Stocks Attempt To Extend Fed-fuelled Rally

World stock markets attempted Friday to build on the previous day's rally as investors recalibrated their outlook for 2024 after the Federal Reserve held rates but indicated it would cut next year.
AFP news Dec 15, 2023
China's property crisis has left several major companies on the brink of collapse, fuelling worries about the economy

Asian Markets Struggle, China Property Help In Focus

Most Asian markets fell Friday following a broadly healthy week, with traders hoping for fresh Chinese moves to help the country's troubled property sector after officials called on banks to provide support.
AFP news Nov 24, 2023
The authorisation of a bitcoin exchange-traded fund in the United States would make it easier for investors to trade in the cryptocurrency

Bitcoin Wins Boost On Hope Of Broader Trading

Bitcoin's price has risen strongly in recent weeks with the United States possibly set to allow a popular type of trading in the cryptocurrency that would further normalise the asset.
AFP news Nov 02, 2023
A spike in oil prices to 10-month highs has fuelled concerns of a fresh burst of inflation

Asian Markets Swing As Crude Spike Stokes Inflation Concerns

Equities fluctuated Wednesday ahead of a crunch US inflation report, with investors increasingly nervous that a recent spike in oil will put fresh upward pressure on consumer prices and force the Federal Reserve to lift interest rates again.
AFP news Sep 13, 2023
Investors are now gearing up for policy decisions by global central banks later this month

Asian Markets Extend Losses As US Rate Hike Fears Build

Stocks sank again Friday after another report pointing to a resilient US jobs market added to the misery for investors who fear the Federal Reserve is not finished with its campaign of monetary tightening.
AFP news Sep 08, 2023
Turkey's consumer prices have been rising since President Recep Tayyip Erdogan's re-election

Turkey's Inflation Nears 60%, Piling Pressure On New Team

Turkey's annual inflation approached 60 percent last month, official data showed Monday, putting pressure on the central bank to further hike interest rates at the risk of angering President Recep Tayyip Erdogan.
AFP news Sep 04, 2023
Investors are keenly awaiting the release of the Federal Reserve's preferred gauge of inflation later in the day

Asian Markets Mixed Ahead Of Key US Inflation Report

Markets were mixed Thursday as investors struggled to maintain momentum from Wall Street's rally, even after fresh data reinforced optimism the Federal Reserve will be able to hold off any more interest rate hikes this year.
AFP news Aug 31, 2023
Sentiment in Hong Kong and Shanghai was boosted by a report that Chinese state-backed banks were considering cutting interest rates on a swathe of mortgages and deposits

Equities Extend Gains On US Jobs Data, China Hopes

Asian investors on Wednesday tracked a rally on Wall Street as a softer-than-expected report on US job openings soothed fears the Federal Reserve will hike interest rates again.
AFP news Aug 30, 2023
UK annual inflation dropped sharply in July, easing a cost-of-living crisis that has pushed up prices of goods

UK Annual Inflation Drops To 15-month Low

Britain's annual inflation rate dropped sharply in July to a 15-month low, official data revealed Wednesday, off the back of lower energy prices and in line with economists' expectations.
AFP news Aug 16, 2023
Asian markets posted losses in early Monday trade

Asian Markets Fall On China Property Woes

Asian markets posted sharp losses in early Monday trade, after falls in US tech stocks and as concerns over China's property sector weigh on sentiment.
AFP news Aug 14, 2023
Renewed talk of another Federal Reserve interest rate hike lifted the dollar against its major peers

Markets Struggle As Traders Fret Over Another Fed Hike

Stock markets stuttered Tuesday on renewed concerns that the Federal Reserve will hike rates again, while another weak batch of trade data compounded worries about the struggling Chinese economy.
AFP news Aug 08, 2023

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