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Stocks rise as traders dial back Federal Reserve’s bets on CPI

BLOOMBERG Wall Street got some encouragement to keep pushing stocks higher after a slowdown in inflation bolstered speculation the Federal Reserve will pause its tightening campaign on Wednesday. That’s not to say investors are betting the Fed is done with its interest-rate hikes just yet. While swap traders lowered their wagers on a June increase to about 10%, they still ...

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UAE, India celebrate one year of Cepa, review latest trade data

NEW DELHI / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has held a bilateral meeting with Piyush Goyal, India’s Minister of Commerce and Industry in New Delhi, India, to celebrate the first year of the Comprehensive Economic Partnership Agreement (Cepa) between the two nations and review the newly released trade data. Initial figures from ...

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Sinaha to build Abu Dhabi facility for sustainable automotive manufacturing

ABU DHABI / WAM Sinaha Platform has announced the signing of an agreement with international partners to build the first automobile facility in Abu Dhabi that manufactures automobiles from recyclable materials. This move aims to establish Abu Dhabi as a prominent auto hub for sustainable production. This initiative marks a significant milestone for the country’s automotive industry, contributing to the ...

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