Mumbai: As rupee bulls rejoice over the longest stretch of gains in more than a year, the currency’s advance seems to be causing discomfort for India’s central bank. The Reserve Bank of India late Wednesday announced plans to hold a $5 billion (Dh18.35 billion) foreign-exchange swap auction for a three-year tenor, to supply funds to […]
Washington For four decades the spectre of high inflation haunted the Federal Reserve. Now it has an equally ominous flip side. “We need to make sure inflation doesn’t keep slipping down toward zero, because then the central bank really does have less and less ability to react to downturns,” Fed Chairman Jerome Powell said during […]
Dubai: Investors wanting to build another 100-bed or more hospital in the UAE better take a deep breath before committing those funds. If not, they are likely to be inflicting needless pain on themselves. Healthcare industry sources suggest that already there is enough capacity created in Dubai and Abu Dhabi, especially in the primary and […]
DUBAI. The Department of Economic Development, DED, in Dubai in cooperation with the UAE Ministry of Food Security, has introduced 14 new business activities in the field of agricultural production and aquaculture in view of the growing interest in these activities and the importance being given to food security in the country. The move is […]
TOKYO: The Bank of Japan kept monetary policy steady on Friday but tempered its optimism that robust exports and factory output will underpin growth, a nod to heightened overseas risks that threaten to derail a fragile economic recovery. Factories across the globe slammed on the brakes last month as demand was hit by the US-China […]
Hong Kong. Royole Corp, a maker of flexible displays, is seeking about $1 billion in a funding round ahead of an initial public offering, people familiar with the matter said. The Shenzhen, China-based company is seeking a valuation of at least $8 billion in the round as it seeks to to expand its sales and […]
Envoy tweeted images that showed buildings in the UAE lighting up in the colours of the New Zealand flag.
Washington: President Donald Trump’s trade battles cost the US economy $7.8 billion (Dh28 billion) in lost gross domestic product in 2018, a study by a team of economists at leading American universities published this week showed. Authors of the paper said they analysed the short-run impact of Trump’s actions and found that imports from targeted […]
New York. Volkswagen was sued by the Securities and Exchange Commission over claims it failed to disclose to investors that its diesel vehicles violated emission standards, the latest twist in a software cheating scandal that has already cost the company more than $30 billion. The German automaker sold billions of dollars of corporate bonds and […]
He launched himself at the gunman in an effort to stop the attack.