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economic outlook

Oil slumps nearly 3pc
Print

Oil slumps nearly 3pc

NEW YORK: Oil prices tumbled about 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could...
Published 23 Jun, 2022 06:05am
Europe may shift back to coal
Print

Europe may shift back to coal

FRANKFURT/MILAN: Europe’s biggest Russian gas buyers were racing to find alternative fuel supplies on Monday and...
Updated 21 Jun, 2022 09:52am
OECD slashes growth outlook
Print

OECD slashes growth outlook

PARIS: The war in Ukraine has made the growth outlook far bleaker even though the global economy should avoid a bout...
Published 09 Jun, 2022 06:18am
China shares fall
Markets

China shares fall

SHANGHAI: Chinese shares fell on Tuesday as energy, financials and real estate stocks weighed amid growing concerns...
Published 03 Nov, 2021 03:54am
Sterling strengthens further, passing $1.41
Markets

Sterling strengthens further, passing $1.41

  • The pound was up 0.8% on the day at $1.40970, having crossed the key $1.40 level for the first time since February during the Asian session, and risen above $1.41 during the European morning session.
Published 10 May, 2021 04:59pm
ECB keeps cheap money tap open
World

ECB keeps cheap money tap open

FRANKFURT: Christine Lagarde on Thursday underlined the European Central Bank’s commitment to cheap money as the...
Updated 23 Apr, 2021 10:04am
Congo central bank cuts interest rate to 10.5pc
Business & Finance

Congo central bank cuts interest rate to 10.5pc

  • It had hiked the interest rate from 7.5% to 18.5% last August to re-anchor inflation expectations.
  • Growth is forecast at 4.4% in 2022, the IMF said. Congo is Africa's top producer of copper and recorded record output of the metal last year.
Published 16 Apr, 2021 07:41pm