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Economy & Finance – International
Economy & Finance – international
IMF warns corporate debt on central bank cuts
WASHINGTON: The International Monetary Fund heightened its warnings for the corporate debt market on Wednesday, as investors…
EU annual inflation at 1.2% in September
BRUSSELS: The European Union saw inflation of 1.2% this September, the union’s statistical authority announced on Wednesday.…
Oil steadies despite weaker economic outlook weighs
LONDON/ NEW YORK/ SINGAPORE: Oil steadied below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due…
Bank of America profit falls on $2B
WASHINGTON: Bank of America Corp the second-largest US bank by assets, reported a 21% fall in quarterly profit on Wednesday, hurt…
EU posts $25.4b trade deficit in Jan-August
BRUSSELS: European Union’s foreign trade balance saw a €23.1 billion ($25.4B billion) deficit in the first eight months of 2019,…
S. Korea again cuts interest rates as economic woes grow
SEOUL: South Korea’s central bank cut its key interest rate for the second time this year in a widely expected move to tackle…
Huawei 9-month revenue up despite US pressure
SHANGHAI: Chinese tech giant Huawei said on Wednesday that its revenue for the first nine months of the year grew 24.4 per cent…
Oil falls on China data, trade war jitters
LONDON/NEW YORK/DUBAI: Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak…
GES attracts strong global interest from brokers and investors
London: London Stock Exchange Group (LSEG) on Tuesday announced the launch of the Global Equity Segment (GES) on London Stock…
Mideast Stocks-Saudi hits 11-month low as most Gulf markets fall
Riyadh: Saudi Arabia›s stock index fell sharply on Tuesday with all its banking shares declining ahead of third-quarter results as…
