What a Fed rate cut could mean for the world
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global …
Emerging markets
Saudi Arabia expects to get advanced Nvidia chips within next year
Saudi Arabia is optimistic about gaining access to U.S. chipmaker Nvidia’s high-performance chips, which would enable it to develop and operate the most advanced artificial intelligence models. Speaking to CNBC …
CEO of property firm Damac expresses concerns over ‘expensive’ Dubai
DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures …
Turkey’s bid for BRICS both strategic and symbolic step, analysts say
Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod, Russia on June 11, 2024. Sefa Karacan | Anadolu | …
FPIs invest Rs 11,000 crore in India in first week of September. Will US jobs data increase flows?
Foreign Portfolio Investors (FPIs) invested a total of Rs 9,642 crores in equity through exchanges and an additional Rs 1,388 crores in the ‘primary market and others’ category in early …
Saudi Arabia’s fiscal breakeven oil price is rising fast
An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia, on Wednesday, Oct. 3, 2018. Simon Dawson | Bloomberg …
FII money: Fed rate cut in Sept may not bring in FII money immediately; RBI may not lower rates before CY25: Harsha Upadhyaya
Harsha Upadhyaya, CIO-Equity, Kotak AMC, says a Fed rate cut in the US may or may not have any impact on Indian markets as some of this is already discounted. …
Saudi Aramco second-quarter profit dips amid lower production volumes
A 3D printed natural gas pipeline on Feb. 8, 2022. Dado Ruvic | Reuters Saudi state oil giant Aramco reported $29.1 billion in net profit for the second quarter, a …
Fed rate cuts: Will US Federal Reserve make any out of turn rate cuts? Arnab Das answers
“I do not think that is the only thing that is going on. Though, I think what has happened here is the market was extremely buoyant and arguably priced for …
Turkey blocks Instagram amid complaints of censorship of Hamas posts
Didem Mente | Anadolu | Getty Images Turkey blocked access to Instagram for its 85 million people, the country’s Information and Communication Technologies Authority announced Friday morning. “Instagram.com has been …