United States

IEA forecasts strong growth in electric car sales to 17 million in 2024

The IEA expects China to account for 10 million electric vehicle sales this year

Dollar-yen exchange rate hits 34-year peak as investors monitor Japan’s currency support measures

The dollar climbed to 154.85 yen, its highest point since the middle of 1990

China leaves benchmark lending rates unchanged in line with market expectations

The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent

Gold prices hit over two-week lows on easing Middle East tensions

Gold dipped more than 2 percent in the previous session, its largest intraday decline in over a year

ECB stays committed to multiple rate cuts despite Fed’s caution, global uncertainty

Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity

Hedge fund industry sees $190 billion asset growth in Q1, hits record $4.3 trillion

The industry attracted $16.6 billion in new investments, with a focus on equity and event-driven hedge fund strategies

Oil prices rebound by 27 cents, Brent crude reaches $87.27 per barrel

Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East

Dominican Republic seeks renewable energy cooperation with UAE to combat climate change

Caribbean officials highlighted UAE renewable energy investment opportunities and mutual benefits

UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation

This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019

Gold prices decline as Middle East tensions ease, markets await U.S. inflation data

Bullion loses safe-haven appeal amidst reduced geopolitical risks

World Bank secures $11 billion backing for new financial instruments to boost lending capacity

WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics

Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel

Steady labor market in the U.S. strengthens overall economy, unemployment claims remain low

Labor market changes could primarily stem from reduced hiring rather than sudden rise in terminations

Oil prices soar $3 per barrel amid concerns of supply disruptions 

Brent futures rose by $2.63, reaching $89.74 per barrel

U.S. economic activity expands slightly in April, inflation expectations remain firm: Survey

Inflation's reversed momentum sparks concern over interest rate cut timing

Gold prices rise as geopolitical uncertainty boosts bullion’s global appeal

Gold maintains safe-haven appeal despite Federal Reserve's stance on rates

Oil prices stabilize after steep declines amid U.S. rate hike fears, Venezuela sanctions

Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions

Apple considers building manufacturing facility in Indonesia amid push to increase local production

The U.S. company also plans to inaugurate Apple's fourth developer academy on the island of Bali

Gold prices dip as Middle East geopolitical tensions persist

Strong dollar and rising treasury yields impact gold's appeal

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January

U.S. retail sales rise 0.7 percent in March on increased gas sales

Unemployment rate falls to a low of 3.8 percent supporting spending surge

U.S. dollar surges to 5-month high as retail sales beat expectations

U.S. retail sales data released on Monday showed a 0.7 percent increase last month