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Pakistan makes a sharp hike in interest rate
(Gulf News - 30/09/2018)

Pakistan raised its key rate to the highest in three years, making it Asia’s most aggressive interest rate hiker this year as the country’s finances continue to dwindle.<br/><br/> The target policy rate was raised for the third straight meeting to 8.5

China CB will maintain ample liquidity
(The Gulf Today - 30/09/2018)

China’s central bank pledged to maintain its “prudent and neutral” monetary policy and to use multiple tools to keep liquidity ample, as the world’s second-biggest economy comes under increasing pressure from a heated trade dispute with the United

Fed raises U.S. interest rates, sees at least three more years of growth
(Reuters - 27/09/2018)

The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth. <br/><br/> In a statement that marked the end

Pakistan and Russia to sign $10bn offshore pipeline deal
(Gulf Times - 27/09/2018)

In a major breakthrough, Pakistan and Russia are set to sign a $10bn offshore gas pipeline deal today in Moscow, a project planned by the latter to capture the energy market of Pakistan.<br/><br/> Sources said that the cabinet, during the tenure of

Emerging market funds avoid Asia even as bargains appear
(Gulf Times - 27/09/2018)

For some emerging-market funds, Asia’s beaten-down assets aren’t yet cheap enough. Portfolio managers aren’t rushing out their checkbooks to gain exposure to the fast-growing region, even as high-yielding currencies such as India’s rupee languish near

Volvo quits Iran as US sanctions pressure mounts
(Arab News - 26/09/2018)

Swedish truck maker AB Volvo has stopped assembling trucks in Iran because US sanctions are preventing it from being paid, a spokesman for the company said on Monday.<br/><br/> The sanctions against Iran, reimposed on Aug. 6 by US President Donald Trump

As Khan and Modi feud, India and Pakistan economies miss out
(Gulf News - 26/09/2018)

India and Pakistan’s bitter rivalry is costing them $35 billion (Dh128.5 billion) worth of annual trade, the World Bank said in a report. Someone might want to tell the two countries’ leaders — both of whom want to boost trade to battle widespread

Jordan to host 10th World Economic Forum on Mena next year
(The National - 25/09/2018)

Jordan will host the 10th edition of the World Economic Forum on the Middle East and North Africa next year by the Dead Sea to address the region's most critical challenges.<br/><br/> More than 1,000 government, business and civil society leaders from

Equities slide as US and China trade blows
(The Gulf Today - 25/09/2018)

Global stocks slid on Monday as US tariffs on an additional $200 billion of Chinese imports took effect, clouding the global economic outlook as a trade war between the world’s top economies cranked up another notch.<br/><br/> Beijing, whose retaliatory

Siemens nears multibillion euro deal in Iraq
(Gulf News - 24/09/2018)

German engineering group Siemens is working on a deal worth up to 9 billion euros ($10.6 billion) to supply energy generation technology to Iraq, business daily Handelsblatt reported, citing government and industry sources.<br/><br/> Siemens Chief

Volkswagen’s Porsche to stop diesel models
(The Gulf Today - 24/09/2018)

Volkswagen’s Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles instead.<br/><br/> Volkswagen has admitted to deliberately cheating diesel emissions tests, sending

Argentine peso rises on optimism over IMF deal
(The Gulf Today - 23/09/2018)

Argentina’s peso strengthened for the third straight day on Friday, driven by optimism that the government would sign a revised financing deal with the International Monetary Fund to include stricter fiscal measures and faster cash

Egypt stock market plunges as retail investors take flight
(Arab News - 20/09/2018)

Egyptian stocks tumbled to their lowest level this year on Wednesday as retail investors took flight. A sharp rise in Suez Canal revenues, a major foreign exchange earner for the country, was not enough to quell investors concerns about the strength of

China refuses to weaken currency to boost exports
(Gulf News - 20/09/2018)

China will not stoop to competitive devaluation of its currency, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating tariff war between the world’s largest

BoJ warns of trade perils, echoes Abe on exiting easy policy
(The Gulf Today - 20/09/2018)

Bank of Japan (BoJ) Governor Haruhiko Kuroda on Wednesday stressed that he won’t pull the plug on monetary easing until inflation hits his 2 per cent target, warning that escalating international trade disputes could inflict widespread damage to global

China vows to hit back as Trump targets $200 billion in goods
(Oman Daily Observer - 19/09/2018)

China said on Tuesday that it has no choice but to retaliate against new US trade tariffs, raising the risk that US President Donald Trump could soon impose duties on virtually all of the Chinese goods that America buys.<br/><br/> The Chinese commerce

UK economy will shrink without Brexit deal: IMF
(The Gulf Today - 18/09/2018)

Britain’s economy will shrink if it leaves the European Union without a Brexit deal and it will suffer some damage whatever terms it agrees, the International Monetary Fund said on Monday, challenging the promises of some Brexit supporters.<br/><br/> The

Trump likely to announce new China tariffs
(The Gulf Today - 17/09/2018)

US President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters on Saturday.<br/><br/> The tariff level will probably be about 10 per cent, the Wall

Outlook for global refining, marketing sector 'positive'
(Saudi Gazette - 16/09/2018)

The outlook for the global refining and marketing sector over the next 12 to 18 months has been changed to positive from stable, Moody's Investors Service said Saturday in a new report.<br/><br/> The key drivers of the outlook change are expected EBITDA

G20 trade ministers say WTO reform ‘urgent’
(Gulf News - 16/09/2018)

Trade and investment ministers from G20 countries meeting in Argentina said there was an “urgent need” to improve the World Trade Organisation, a joint statement said on Friday.<br/><br/> With US President Donald Trump readying tariffs on another $200

Growth in Chinese home prices accelerates
(The Gulf Today - 16/09/2018)

China’s home prices accelerated in August at the fastest pace in nearly two years, a sign that Beijing’s efforts to boost a slowing economy may once again be heating up frothy real estate markets.<br/><br/> While solid growth in the sector could cushion

China warns of protectionism as US trade row simmers
(The Peninsula - 13/09/2018)

China warned Wednesday that protectionism threatens global growth and cautioned "individual countries" against isolationism, in a veiled reference to the deepening trade spat between Washington and Beijing that is being closely watched across

Global stocks inch off 3-week lows
(The Gulf Today - 13/09/2018)

Fresh sparring between Washington and Beijing over trade kept world stocks close to three-week lows on Wednesday, while a slight dollar pullback gave little respite to emerging markets, with the Indian rupee plumbing new record lows.<br/><br/> The

World stocks hit by trade strain
(The Gulf Today - 12/09/2018)

World stocks slipped back towards three-week lows on Tuesday, on ongoing concerns over the trade dispute between Washington and Beijing, while the pound hovered near a five-week high on hopes of a UK-EU deal over Brexit.<br/><br/> MSCI’s index of global

Japan posts fastest GDP growth since 2016 in Q2
(Gulf Times - 11/09/2018)

Heavy capital spending in the second quarter drove Japan’s economy to grow much more quickly than first estimated to hit its fastest pace since 2016, although global trade tensions and a string of natural disasters pose risks to the outlook.<br/><br/>

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