Browsing: Business

During the 22nd Annual Summit in Moscow, India and Russia have set an ambitious trade target of 100 billion dollars by 2030. In a significant move, the two nations signed nine Memorandums of Understanding (MoUs) spanning multiple sectors including Environment

The cryptocurrency market experienced a significant downturn, erasing over $170 billion in value in just 24 hours, sparked by fears surrounding the Mt. Gox bitcoin payout. Bitcoin’s value plummeted by more than 6%, reaching a low of $54,237.18, the lowest since late February, according

On Monday, benchmark 10-year Treasury yields reached their highest levels since mid-June, starting off a week shortened by the upcoming Fourth of July holiday. This period is expected to see subdued trading volumes. The rise in yields, which inversely correlate with bond

Oil prices are predicted to rise to $90 per barrel as escalating tensions in the Middle East threaten supply chains, according to market analysts. Brent crude oil prices approached $86 per barrel on Monday, with West Texas Intermediate (WTI) climbing to over

In a significant development, the European Union is set to formally begin membership negotiations with Ukraine and Moldova, following a unanimous decision by the EU’s member states last week. The initiation of these talks will be officially marked by a ceremonial event in Luxembourg this

Standard Chartered Plc is poised to introduce a trading desk for Bitcoin and Ether, marking its entry into the direct trading of cryptocurrencies, according to sources familiar with the plans. This strategic move positions Standard Chartered among the pioneering major global banks to offer

The European Central Bank (ECB) has announced its first interest rate cut since 2019, reducing the key rate from 4% to 3.75%. The decision, which had been signaled for months, comes amid persistent inflationary pressures within the euro zone’s 20 nations. ECB President

The United Arab Emirates (UAE) is poised for accelerated economic growth in 2024, with the real gross domestic product (GDP) projected to surge by 3.9 percent, according to the Spring 2024 Gulf Economic Update (GEU) released by the World Bank. The

In a detailed analysis ahead of the final results of India’s Lok Sabha elections, UBS has projected the implications of four potential outcomes on the stock markets, with particular emphasis on the performance of benchmark indices such as the S&P BSE Sensex and

The Central Bank of the UAE (CBUAE) has released its latest statistics, revealing a significant surge in the assets of Islamic banks within the country. Over the past 12 months, these institutions have seen their assets rise by approximately AED86 billion. As of the