DUBAI / WAM The UAE’s non-oil foreign trade reached a record AED1.239 trillion in H1 2023, representing a growth of 14.4 percent compared to the same period in 2022 – and 3 percent more than H2 2022. The figures, just released by the Ministry of Economy, underline the continued upward trajectory of the nation’s foreign trade, which has achieved quarter-on-quarter ...

BLOOMBERG European bonds and stocks fell after the latest round of price data suggested inflation may not yet be fully on the retreat in the euro region. Germany’s 10-year yield jumped as much as six basis points to 2.57% after reports showed inflation accelerated in four of six German states in August, ahead of figures for the overall German economy, ...

BLOOMBERG The Hong Kong dollar is poised for its biggest monthly retreat since 1985 as interest rates in the city drop and pessimism towards China’s economy weighs on the stock market. The currency has declined 0.6% in August — or almost half the maximum swing possible under its trading band with the greenback — to approach the weak end of ...