DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister …
Read More »Iceland cuts interest rate as currency advances
Reykjavik / AFP Iceland’s central bank on Wednesday shaved its key interest rate by a quarter of a point to 5.0 percent, citing the krona’s appreciation and political uncertainty following the country’s October elections. Gross domestic product, business investment growth and export growth had all been stronger than projected for the first nine months of the year, the bank noted. …
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