ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 2.02% to close at 4533.55 points. Accordingly the Market Capitalization has gained AED 14.58 billion attaining AED 735.4 billion. A total of 0.9 Billion Shares were traded with a total value of AED 1.87 billion during the trading session of 17-03-2016 through 11470 transactions. The number of companies which ...

Washington / AFP The Federal Reserve has cut its outlook for the US economy and kept its interest rate policy unchanged, citing the impact of the global slowdown and turmoil in world markets. Giving a picture of the US economy less bullish than many had expected, the Fed still forecast continuing hikes to the federal funds rate this year, but ...

MANILA / Bloomberg The Philippine bank manager who approved fund transfers at the center of an $81 million cyber heist will tell lawmakers in a closed hearing on Thursday that she was following orders from high-level officials at Rizal Commercial Banking Corp., her lawyer said. Maia Santos Deguito has e-mails, mobile-phone messages and other evidence showing that she was acting ...