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CBB announces overnight rate cut after US Fed moveGCC central banks have slashed interest rates after the US Federal Reserve voted to lower interest rates by a half percentage point on Wednesday. The Federal Reserve slashed its benchmark interest rates by 50 b More… |
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Uber Green prices cut in Dubai to match its cheapest rideUber has reduced the fares of its environment-friendly product, Uber Green, to match its cheapest ride option, UberX in a bid to cut emissions, and encourage more riders to opt for sustainable options in the lead up to COP28. More… |
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Uber Green prices cut in Dubai to match its cheapest rideUber has reduced the fares of its environment-friendly product, Uber Green, to match its cheapest ride option, UberX in a bid to cut emissions, and encourage more riders to opt for sustainable options in the lead up to COP28. More… |
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Taming inflation: The long and winding road…With inflation running at multi-decade highs, major central banks get ready to tighten monetary policy. Franklin Templeton Fixed Income Chief Investment Officer Sonal Desai argues they are well behind the curve -- and why she thinks markets st More… |
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Fed actions alone won't suffice: reportThe new steps announced by US Federal Reserve yesterday are comprehensive set of measures, but they alone will not suffice given the challenges the economy is currently facing, says a report. The Federal Reserv More… |
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India's slower growth boosts rate cut callsIndian growth slowed by more than expected in the quarter to June, a setback for Prime Minister Narendra Modi that will prompt more urgent calls from his aides for interest rate cuts. Many government officials in New Delhi had bee More… |
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India makes surprise early rate cut, more expectedThe Reserve Bank of India surprised markets with a 25 basis point cut in interest rates on Thursday and signalled it could do more, amid signs of slowing inflation and what it said was a government commitment to contain the fiscal deficit. More… |
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Egypt cbank makes surprise rate cutEgypt's central bank unexpectedly lowered its main overnight interest rate by 50 basis points at a policy meeting on Thursday, saying it was more concerned about boosting growth than taming resurgent inflation. More… |
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Kuwait rate cut unlikely to spur lendingKuwait's unexpected 50 basis-point interest rate cut will help reduce borrowing costs for businesses but is not going to be enough to kick-start bank lending without a lasting solution to the country's political crisis. More… |
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India cbank surprises with 50 bps rate cutIndia's central bank cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limited scope for further rate cuts. The Res More… |
