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US stocks recover as Fed signals no 2019 rate hikes

Bloomberg US equities erased earlier losses after the Federal Reserve signalled that it won’t raise rates this year, saying economic growth has slowed. Ten-year Treasury yields narrowed and the dollar fell. As was widely expected, the central bank didn’t announce an interest-rate increase on Wednesday and took any hike off the table for 2019. That dovish turn was enough to ...

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Mixed day for India equities as indexes halt rally

Bloomberg Indian equities closed mixed with traders cautious ahead of a public holiday and a US interest rate decision. Key stock indexes had gained in the previous seven days to more than six-month highs. The benchmark S&P BSE Sensex swung at least twelve times between losses and gains before ending the day up 0.1 percent at 38,386.75 in Mumbai. The ...

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Mohamed, Ethiopian PM review bilateral relations

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday held talks with Prime Minister Abiy Ahmed of Ethiopia, on bilateral relations between the two countries. During the meeting held in Abu Dhabi, Sheikh Mohamed bin Zayed and Prime Minister Abiy reviewed ...

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