IMF Cuts Growth Forecasts for Most Countries due High US Tariffs
The International Monetary Fund on Tuesday slashed its growth forecasts for the United States, China and most countries, citing the impact of US tariffs now…
Category: FINANCE
China’s President Xi Says Tariffs and Trade Wars Hurt World Economic Order
Chinese President Xi Jinping said on Wednesday that tariff and trade wars undermine the legitimate rights and interests of all countries, hurt the multilateral trading…
Saudi Social Development Bank passes $43.2 Billion Total Financing
The Saudi Social Development Bank has announced that its total financing since inception has exceeded SAR162 billion (USD43.2 billion), benefiting more than 10 million citizens…
Qatar National Bank Completes Unsecured $2 bn Asian Loan
Qatar National Bank (QNB) Group, a Qatari public company, announced on Sunday the successful closing of a $2 billion unsecured syndicated term loan facility, focused…
Chinese President: Protectionism ‘Leads Nowhere’
Chinese President Xi Jinping said on Monday that protectionism “leads nowhere” and that a trade war would have “no winners,” state media said, as he…
Trump Pauses Tariffs on Most Nations for 90 Days, Raises Taxes on Chinese Imports
Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the…
Asia Shares Jump after US Stocks Soared as Trump Paused Most of His Tariffs
World markets soared on Thursday, with Japan’s benchmark jumping more than 9%, as investors welcomed US President Donald Trump’s decision to put his sharp tariff…
Asian Shares, US Futures Gain as Investors Resume Buying Despite US Tariffs
Asian markets advanced on Tuesday, with Japan’s Nikkei 225 share benchmark initially shooting up more than 6% after it fell nearly 8% a day earlier.…
Saudi Market Rises as Investors Absorb Tariff Shock
Gulf markets trimmed their losses on Monday, with the Saudi stock index erasing earlier declines and turning positive, driven by gains in major stocks such…
China Vows to ‘Fight to the End’ as Trump Tariff War Rages
China vowed not to bow to “blackmail” from the United States as a global trade war ignited by US President Donald Trump’s sweeping tariffs showed…