Search Results for: US economy
UAB announces net profit of AED 328 million for H1 2014
July 21st, 2014
UAB, recently recognized as the fastest growing bank in the region, announces a net profit of AED 328 million for the first six months of the year, an increase of 26 per cent over H1 2013. Sheikh Faisal Bin ...
Gold Retreats From $1320 Line
July 18th, 2014
Gold started Friday trading just below resistance at $1320, and has dipped lower, losing much of the gains we saw a day earlier. In the European session, the spot price stands at $1309.60 per ounce. On the release front, ...
European Stocks Drop for a Second Day on Ukraine Conflict
July 18th, 2014
European stocks fell for a second day, paring a weekly advance, amid concern that conflict between Ukraine and Russia is deepening. U.S. index futures were little changed, while Asian shares declined. Air France-KLM and Deutsche Lufthansa AG dropped at ...
Egypt Cuts Tax Breaks for Fuel; Few Protest
July 18th, 2014
When President Anwar el-Sadat of Egypt said he intended to raise the price of flour, rice and other subsidized goods in 1977, he ignited days of riots that left more than 70 people dead and stood as a lasting ...
Asian shares fall as Malaysia jet downing hits sentiment
July 18th, 2014
Asian shares sagged and a drop in Treasury yields pressured the dollar on Friday after news of a downed Malaysian airlines jet at the Ukraine-Russia border sent investors scurrying into defensive assets. The United States believes a surface-to-air missile ...
Japan upgrades economic outlook
July 17th, 2014
Japan upgraded its overall assessment of the economy in July for the first time in six months as consumers reopened their wallets following an initial pullback in spending in the wake of a sales tax increase. In its monthly ...
Indonesia Ex-Central Banker Gets Jail for Bank Bailout Graft
July 17th, 2014
Former Bank Indonesia deputy governor Budi Mulya was sentenced to 10 years in jail for corruption, the latest high-profile conviction that shows how policy making in Southeast Asia’s biggest economy is undermined by graft. Mulya was handed a 500 ...
U.S. sanctions set to slow Rosneft’s dollar debt, not oil deals
July 17th, 2014
President Barack Obama aimed a direct blow at Russia’s economic heart on Wednesday with sanctions on Rosneft, the flagship oil giant that generates more than 4 percent of the world’s crude and over 8 percent of the country’s GDP. ...
Asia follows Wall St. higher, euro probes lows
July 17th, 2014
Asian equities gained on Thursday, lifted by another record-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve is tilting toward tighter monetary policy in light of a stronger ...
Yellen Says Restraining the Fed’s Oversight Would Be a ‘Grave Mistake’
July 17th, 2014
The Federal Reserve’s chairwoman, Janet L. Yellen, said on Wednesday that it would be a “grave mistake” for Congress to adopt legislation proposed by House Republicans constraining the Fed’s management of monetary policy. Ms. Yellen and Republican lawmakers traded ...
