The US Federal Reserve (the central bank) on Wednesday announced that it has cut interest rates by 50 basis points to a range of 4.75 percent to 5.00 percent.
The Fed’s decision to cut interest rates is the first of
European shares were flat on Wednesday, as investors stayed on the sidelines ahead of an all-important interest rate decision by the US Federal Reserve that could mark the beginning of a monetary-easing cycle in the world’s largest economy.
The pan-E…
The State of Qatar chaired the fifth extraordinary meeting of the Undersecretaries of Ministries of Industry of the Gulf Cooperation Council (GCC) countries, which was held today in Doha.
The meeting was attended by Their Excellencies, the Undersecre…
The dollar wavered on Wednesday, while the yen regained some lost ground as investors made lastminute tweaks to positions ahead of the Federal Reserve’s policy meeting expected to initiate a US easing cycle.
The US Federal Reserve is expected to