by finance_admin | December 1, 2024 | Breaking, Economy, Finance
Despite slowing inflation, the BoE maintains key interest rate at 5.25% ahead of the general election The Bank of England (BoE) decided on Thursday to keep its key interest rate at a 16-year high of 5.25%, despite a slowdown in UK inflation. This move comes ahead of...
by finance_admin | December 1, 2024 | Currencies, Finance
The rupee recovers slightly after hitting a lifetime low, influenced by a weaker Chinese yuan and dollar outflows On Friday, the Indian rupee inched higher, recovering from a decline to its record low in the previous session. The drop was spurred by weakness in the...
by finance_admin | November 19, 2024 | Finance
Safe-haven assets rallied sharply on Tuesday following Russia’s announcement of its updated nuclear doctrine, approved by President Vladimir Putin. The revised policy emphasizes inevitable retaliation against potential attacks on Russia or its allies, triggering...
by finance_admin | November 18, 2024 | Finance, News
Global asset management giant BlackRock Inc. has obtained a commercial license to operate in Abu Dhabi, signaling its intent to deepen ties and expand operations across the Middle East. The firm is now seeking regulatory approval to establish a base in Abu Dhabi...
by finance_admin | November 14, 2024 | Corporate Finance
The Walt Disney Company (DIS) reported stronger-than-expected fourth-quarter earnings on Thursday, driven by its direct-to-consumer (DTC) business, which reached profitability amidst an industry-wide pivot to streaming. Disney posted adjusted earnings of $1.14 per...
by finance_admin | November 12, 2024 | Finance
The Sultanate of Oman has issued OMR 48 million ($124 million) in treasury bills, featuring competitive yields exceeding 4%. The Ministry of Finance released the bills in two tranches: an OMR 33 million tranche, maturing in 91 days with a yield of 4.1236% and an...
