(Gulf News) Dubai World Trade Centre authorities will start allowing trading of cryptocurrencies and related financial activities in a bid to be “future-ready.” The development comes after the UAE’s Securities…
(Department of Labor) US Jobless claims rose by 16,000 to reach 351,000 in the week that ended September 18. The claims were higher than the projected 320,000. Fig: US Initial…
(BOE) The Bank of England maintained its benchmark rate at 0.1%, but said it could tighten policy to tame inflation which is seen rising above 4%. Fig: UK Price Pressures…
(WSJ) China has asked the local authorities to be ready for a potential downfall of Evergrande Group, remaining adamant against a bailout of the property developer. Beijing has urged the…
(BlackBerry) Blackberry Limited reported a net loss of $144 million in the second quarter of 2022, an increase from a loss of $23 million reported in the same period of last…
(IHS Markit) UK Composite Output Index was 54.1 in September, a seven-month low, and the softest rate of growth in March. The growth index marked a fourth-consecutive monthly decline and…
(IHS Markit) Eurozone’s PMI Composite Output Index hit a 5-month low, after falling to 56.1 in September, from 59.0 in August. Fig: Eurozone Composite PMI Services PMI reached a 4-month…
(Facebook) Mike Schroepfer, Facebook’s Chief Technology Officer, has announced that he is resigning from the role next year to take a ‘senior fellow’ position in the company. Andrew Bosworth, who…
(Fed) US Federal Reserve is ready to reverse the $120 billion in monthly asset purchases on its next scheduled meeting on November 2-3. The central bank targets to increase interest…
(NAR) US sales of existing homes reached an annual 5.88 million in August, a 2% drop from July. On a year-over-year basis, sales were down 1.5% from a year ago.…
(Financial Times) BlackRock and HSBC increased their holdings in Evergrande bonds a few months before the liquidity crisis hit the Chinese developer. Fig: Evergrande Bond Prices BlackRock, through its high-yield fund,…
(Financial Times) Nippon Gases is warning that the shortage of carbon dioxide in the UK, which has affected companies in the healthcare and food industries, is likely to spill to…