Saudi Arabia has raised $12 billion from foreign debt, marking its biggest borrowing since 2017, during a …
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Federal Reserve
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U.S. stocks closed with a little change in holiday-shortened trading on Friday, with low volume and conviction.
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Industry & TradeInternational NewsNewsTech/AI
China’s exports up 8.5% in April
by Norhan Adelby Norhan AdelChinese exports grew by 8.5 percent in April and reached $295.4 billion, according to customs data announced …
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Financial InstitutionsInternational NewsNews
U.S. unemployment claims rise
by Norhan Adelby Norhan AdelU.S. Labor Department reported on Thursday applications for unemployment benefits increased by 5,000 last week.
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Bank of America (BofA) has warned that the U.S. economy could shrank in the second quarter, after …
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BanksEgypt NewsFeatureNews
Fed hikes interest rates 0.25 point amid global banking turmoil
by Nada Aliby Nada AliThe U.S. Federal Reserve (Fed) raised interest rates on Wednesday by a quarter percentage point for the …
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BanksInternational NewsThe Watch
U.S. banks borrow from Fed’s lending programme
by Sama Mousaby Sama MousaU.S. banks are rushing to borrow from the lending programme of the Federal Reserve this week, as …
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FeatureFinancial InstitutionsInternational NewsNews
U.S. consumer price index grows by 0.4% in February
The Consumer price index for all Urban Consumers (CPI-U) increased by 0.4 percent in February on a …
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U.S. economy has added 311,000 jobs in February, exceeding economists’ expectations, which estimated the number to be …
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BanksInternational News
U.S. weighs new fund as backup if more banks fail
by Sama Mousaby Sama MousaThe U.S. Federal Reserve and the Federal Deposit Insurance Corp are considering creating a fund to allow …