Breadcrumb Trail Links PMN Business Author of the article: Reuters Parisa Hafezi Article content DUBAI — Iranian police deployed heavily on Friday in a predominantly ethnic Arab city after activists called for protests, a witness said, as unrest showed no sign of abating four weeks since Mahsa Amini’s death in custody ignited nationwide demonstrations. With […]
Article content WASHINGTON — U.S. retail sales were unexpectedly unchanged in September as stubbornly high inflation and rapidly rising interest rates crimp demand for goods. The Commerce Department said on Friday that the unchanged reading in sales last month followed an upwardly revised 0.4% increase in August. Sales in August were previously reported to have […]
Article content MADRID — Spanish soccer club Real Madrid has renewed a sponsorship deal with the airline Emirates until 2026, the team said on Friday. While the parties did not disclose financial details, Spanish sports newspaper Marca reported the contract’s value at about 70 million euros per year plus variables. Article content The United Arab […]
Article content U.S. stock index futures fell sharply on Thursday after data showed a bigger-than-expected rise in consumer prices last month, giving more ammunition to the Federal Reserve to stick to its aggressive rate-hike cycle. The Labor Department’s consumer prices index (CPI) report showed headline CPI gained at an annual pace of 8.2% in September, […]
Article content LONDON — Britain’s financial watchdog told pension funds on Wednesday to “really focus” on building up liquidity in their liability-driven investment (LDI) strategies before the Bank of England ends support for the government bond market on Friday. UK government bond yields began surging last month after Britain announced a package of unfunded tax […]
Article content TUNIS — Frustrated motorists queued in long lines outside Tunisian petrol stations on Tuesday even after the energy minister had said a shortage would end on Monday with a new delivery of fuel. Many petrol stations started running out of fuel over the weekend as imports slowed and national supplies dropped, leading to […]
Article content KYIV — A deputy head of the Russian-occupied Zaporizhzhia nuclear power plant in Ukraine has been kidnapped by Russian forces and is being detained in an unknown location, Ukraine’s state nuclear energy company Energoatom said on Tuesday. In a post on the Telegram messaging app, Energoatom said the official, Valeriy Martynyuk, had been […]
Article content Gold prices dipped for a fourth straight session on Monday, weighed down by a stronger dollar after healthy U.S. jobs data cemented bets that the Federal Reserve would stick to its aggressive rate hike path. Spot gold was down 1.1% at $1,675.40 per ounce at 1201 GMT, its lowest since Oct. 3. Article […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Simon Johnson and Johan Ahlander Publishing date: Oct 10, 2022 • 10 minutes ago • 3 minute read • Join the conversation Article content STOCKHOLM — A trio of U.S. economists including Former Federal Reserve Chair Ben Bernanke won this year’s Nobel Economics Prize on Monday […]
Article content The Saudi Ports Authority (MAWANI) has signed two contracts worth more than 640 million riyals ($170.3 Article content million) to deepen and establish new wharves at Jeddah Islamic port, state news agency SPA reported on Sunday. ($1 = 3.7580 riyals) (Reporting by Moataz Mohamed and Omar Fahmy Editing by David Goodman )