U.S. consumers ramp up retail spending in July despite high prices
In a strong rebound, U.S. shoppers ramped up their spending in July, registering a 1% increase from June - the highest growth in retail sales...
Tag : financial markets
UAE IPOs accumulate $890 million in second quarter 2024
Initial public offerings (IPOs) in the UAE have amassed a significant $890 million in the second quarter of 2024, highlighting a robust period for market...
Standard Chartered to launch Bitcoin and Ether trading desk
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...
Gold prices drop as strong US dollar curbs record rally
In a marked retreat from its recent surge, gold prices declined on Tuesday as the US dollar showed continued strength, tempering the momentum that had...
US national debt skyrockets to record $34.4 trillion
The United States is grappling with an unprecedented surge in its national debt, which has reached a staggering $34.4 trillion as of Wednesday. This figure...
Treasury yields rise on positive retail data and central bank remarks
In a notable shift influenced by robust retail sales data and central bank deliberations, Treasury yields experienced a significant rise on Wednesday. The focal point...
Gold prices rally amid U.S. dollar decline and economic data anticipation
In recent Asian trading sessions, gold has witnessed a noticeable uptick, rebounding from its most significant weekly decline since June. This surge is primarily attributed...
UAE and Morocco forge new path with innovative partnership declaration
In a landmark move, UAE President Sheikh Mohamed bin Zayed Al Nahyan and Moroccan King Mohammed VI have fortified their countries' ties with a groundbreaking...