Latest business news and market updates
Al Futtaim Retail secures a significant 2.5 billion riyals ($666 million) investment in Saudi-based Cenomi Retail, signaling strategic growth in the rapidly evolving Saudi retail sector.
US stock markets slipped as President Trump’s renewed tariff threats against Europe and Mexico heighten investor uncertainty, putting pressure on already richly valued equities amid the earnings season.
Increasing investor appetite for income amid low interest rates is driving rapid expansion in the market for S&P 500 dividend futures and options in the US, bridging a long-standing gap with the European market.
The U.S. Department of Justice is probing potential collusion in the collateralized loan obligation (CLO) market during the transition away from LIBOR. This investigation highlights regulatory concerns over market manipulation as benchmark reforms reshape global finance.
Experts highlight AI's dual impact on the global economy: boosting productivity and neutral interest rates while increasing forecasting accuracy and economic model uncertainty. Central banks face new challenges adapting to these changes.
The London Stock Exchange Group is exploring the possibility of extending trading hours to 24/7, aiming to enhance market accessibility and better compete globally amid evolving investor demands.
Markets worldwide reacted nervously to President Trump's threat to dismiss Fed Chair Jerome Powell, prompting investors to seek hedges against potential policy upheaval.
Rosneft criticizes EU sanctions imposed on Nayara Energy Ltd., calling them unjustified. The Vadinar refinery, co-owned by Rosneft, is pivotal to India’s energy infrastructure and international investments.
Despite growing tensions from U.S. trade policies, the European Central Bank remains committed to its cautious monetary stance, having implemented multiple rate cuts to stabilize inflation near its 2% target.