Finance
-
United States: The Fed Lowers Rates by a Quarter Point
The U.S. central bank, known as the Fed, has unanimously decided to lower its benchmark interest rate by a quarter…
Read More » -
U.S. Dollar Declines Against the Euro
The dollar continued its downward trend on Thursday, partially reversing its significant increase of nearly 2% observed on Wednesday, as…
Read More » -
Oil slips as investors digest US election fallout
Oil slipped on Thursday, extending a sell-off triggered by the U.S. presidential election, as a strong dollar and lower crude imports…
Read More » -
Gold Declines Amidst Strengthening Dollar
The spot price of gold fell by 0.8% on Wednesday, settling at $2,721.21, driven by the rising value of the…
Read More » -
Bitcoin Hits Record High Following Trump’s Election Victory
Bitcoin surged to an all-time high on Wednesday, reaching $75,345 in early trading, following Donald Trump’s re-election as U.S. President.…
Read More » -
Algeria’s Economy Projected to Grow 4.5% in 2025
ALGIERS – Algeria’s economy is projected to grow by 4.5% in 2025, with non-hydrocarbon sectors expected to see a 5%…
Read More » -
UK Government Announces $51 Billion Tax Increase to Address Budget Deficit
The UK’s new Labour government announced a significant tax hike aimed at generating an additional £40 billion ($51.8 billion) to…
Read More » -
United States: Unexpected Decline in Oil Stocks
According to figures released Wednesday by the American Energy Information Administration (EIA), U.S. crude oil inventories unexpectedly contracted last week…
Read More » -
U.S. Dollar Weakens Ahead of a Series of American Economic Indicators
The U.S. dollar weakened on Monday as it consolidated at the beginning of a week filled with significant macroeconomic indicators,…
Read More » -
Moody’s lowers France’s credit outlook to negative over deficit woes and political tension
Ratings agency Moody’s downgraded the outlook on France’s credit rating to “negative” from “stable” on Friday due to concerns over…
Read More »