Browsing: Business

The foreign exchange market experienced a notable upward surge as the US dollar reached a 17-month peak, climbing to a 102.08 index level and marking its third straight weekly increase. International market reports from the Emirates News Agency indicate that the

– The U.S. Treasury Department plans to conduct three auctions next week, offering a total of $119 billion in notes and bonds. The schedule kicks off on Oct. 6 with a $58 billion issuance of three-year notes. On Oct. 7,

– In the second quarter of 2026, the United States experienced an economic growth rate of 2.2% on an annual basis. The U.S. Bureau of Economic Analysis revised its previous estimate from 1.5% to reflect a higher pace. This update

– U.S. consumer confidence took a sharp nosedive in September, dropping to its lowest point since April 2014. According to the Conference Board, its Consumer Confidence Index decreased by 6.7 points to 81.9, with the August figure revised downward to

Colombia has obtained $200 million in emergency financial support from the World Bank Group to fund urgent infrastructure repairs and disaster relief efforts following recent seismic events. This additional credit enhances national disaster risk financing systems, allowing municipal authorities to

– According to the International Monetary Fund, artificial intelligence is increasingly shaping economic expansion, investment strategies, and labor market dynamics. The IMF reported that AI-related technology investments contributed approximately 0.5 percentage points to U.S. GDP growth in 2025. Projections suggest

– Oil prices rebounded on Tuesday following a sharp decline on Monday, which saw Brent crude hit its lowest point in nearly two weeks. The November Brent contract closed at $100.34 a barrel, reflecting a drop of $3.53, or 3.4%.

India issued a warning to Washington that proposed tariffs on nations importing Russian crude oil could adversely affect bilateral relations and disrupt worldwide commodity trade. This statement came in response to the passage of the Sanctioning Russia and Iran Act

At the conclusion of their latest policy meeting, Federal Reserve policymakers decided to keep the benchmark interest rates unchanged, presenting updated macroeconomic projections for U.S. growth and inflation. The Federal Open Market Committee evaluated ongoing consumer price pressures against consistent

– U.S. equities closed lower Wednesday following the Federal Reserve’s decision to increase its benchmark interest rate by 25 basis points. This move pushed the federal funds target range up to 3.75% to 4.00%. The Dow Jones Industrial Average fell