Browsing: Business

The foreign exchange market recorded strong upward momentum as the US dollar hits 17-month high benchmarks, climbing to a 102.08 index rating and securing its third consecutive weekly gain. According to international market reports published by the Emirates News Agency, the

– The U.S. Treasury Department will offer $119 billion of notes and bonds through three auctions next week. The schedule begins Oct. 6 with $58 billion of three-year notes. Treasury will sell $39 billion of 10-year notes on Oct. 7.

– In the latest update, the U.S. economy demonstrated a 2.2% annual growth rate for the second quarter of 2026. The U.S. Bureau of Economic Analysis revised its previous estimate from 1.5%. This adjustment accounts for economic activity from April

– U.S. consumer confidence experienced a significant decline in September, marking its lowest point since April 2014. The Conference Board announced that its Consumer Confidence Index decreased by 6.7 points to 81.9, while the August figure was revised downward to

Colombia has secured a $200 million emergency financial package from the World Bank Group aimed at restoring vital infrastructure and supporting disaster recovery following recent seismic events. This additional credit enhances the country’s disaster risk financing tools, allowing municipal authorities

– Artificial intelligence is becoming a larger force in economic growth, investment and labor markets, according to the International Monetary Fund. The IMF said AI-related technology spending added about 0.5 percentage point to U.S. GDP growth in 2025. Private investment

– Oil prices experienced a notable rebound Monday after a four-day decline, with Brent crude settling at its lowest point in nearly two weeks. The November Brent contract closed at $100.34 a barrel, down $3.53, or 3.4%. Meanwhile, October West

India issued a warning to Washington, cautioning that the proposed tariffs on nations importing Russian crude oil might jeopardize bilateral ties and disrupt the global trade of commodities. This warning emerged after the United States House of Representatives passed the

At the conclusion of their policy meeting, Federal Reserve policymakers maintained key benchmark interest rates at current levels, accompanied by revised macroeconomic forecasts regarding U.S. growth and inflation. The Federal Open Market Committee evaluated ongoing consumer price pressures alongside steady

– U.S. stocks ended lower Wednesday after the Federal Reserve raised its benchmark interest rate by 25 basis points. The decision lifted the federal funds target range to 3.75% to 4.00%. The Dow Jones Industrial Average dropped 631.21 points, or