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Asia’s global clout growing despite trade wars, says McKinsey

Asia’s global clout growing despite trade wars, says McKinsey

Asia’s economies will charge ahead in coming decades, boosting their collective share of trade and capital flows while showing less reliance on the rest of the world, according to a report by McKinsey Global Institute released yesterday.

Banks don’t want Draghi free money as ECB loans fall flat

Banks don’t want Draghi free money as ECB loans fall flat

The European Central Bank’s latest offer of free cash to lenders attracted little interest yesterday, in a sign of just how much liquidity is already sloshing around the financial system.

US labour market remains strong; manufacturing still weak

US labour market remains strong; manufacturing still weak

The number of Americans filing applications for unemployment increased less than expected last week, pointing to strong labour market conditions that should continue to support an economy growing at a moderate pace.

Gold back above $1,500 on growth woes

Gold back above $1,500 on growth woes

Gold rose back above $1,500 a ounce yesterday as the focus returned to global growth risks and Middle East tensions, helping bullion recover after the US.

Indian equities fall to lowest since March

Indian equities fall to lowest since March

Indian stocks fell, closing at the lowest in over six months, as slowing economic growth and a cut in the Federal Reserve’s benchmark rates spurred concerns about the rupee potentially depreciating against the dollar.

Europe markets gain on Fed decision to cut rates

Europe markets gain on Fed decision to cut rates

Oil prices shot higher yesterday on fresh supply concerns in the Middle East, while stocks climbed on the US Federal Reserve’s decision to cut interest rates.

Bonds’ biggest threat is Germany beginning to splash the cash

Bonds’ biggest threat is Germany beginning to splash the cash

The record-breaking rally for European government bonds is facing a major test, as euro-area nations turn to fiscal stimulus in the fight to revive the region’s struggling economy.

China’s growth could slip below 6%, warn analysts

China’s growth could slip below 6%, warn analysts

China’s economic growth risks slipping below the lower-end of Beijing 2019 target of 6% in the third quarter or over the next year, analysts warn, but government economists are slightly more optimistic as they expect stimulus to help stave off a sharper slowdown.

Huawei unveils ‘ground-breaking’ Mate 30 Series

Huawei unveils ‘ground-breaking’ Mate 30 Series

Huawei yesterday unveiled its “ground-breaking” Mate 30 Series at an exclusive launch event in Munich, Germany.

Aramco oil stockpiles can cover lower production; for now

Aramco oil stockpiles can cover lower production; for now

Saudi Arabia’s pledge to fulfil all commitments to oil buyers after a strike on the giant processing plant at Abqaiq means the world’s largest crude exporter must continue to draw heavily on its inventories until production capacity returns.

Second Fed rate cut comes just in time for Gulf economies

Second Fed rate cut comes just in time for Gulf economies

Not everyone agrees that interest-rate cuts are warranted in the US, but monetary easing by the Federal Reserve is making looser policy possible where it’s long overdue.

Qatar shares edge lower despite robust trading amid FTSE Russell reclassification

Qatar shares edge lower despite robust trading amid FTSE Russell reclassification

The Qatar Stock Exchange witnessed robust trading, coinciding with FTSE Russell’s reclassification of constituents taking effect on Thursday, but overall it was on a weak wicket due to selling pressure ...

  • Magrib

    05:33 PM
  • FAJR

    04:03

  • Shruq

    05:22

  • Duhr

    11:28

  • Asr

    14:55

  • Maghrb

    17:33

  • Isha

    19:03

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