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June 8, 2023
Most stock markets in the Gulf ended higher on Thursday amid rising oil prices but the gains were limited after a surprise interest rate hike by Bank of Canada brought back fears that U.S. rates could stay higher for longer.
June 8, 2023
Angolan President Joao Lourenco has fired the country's economic coordination minister and replaced him with the central bank governor in the wake of deadly protests over a reduction in a fuel subsidy.
June 8, 2023
The prime ministers of Italy and the Netherlands will travel at the weekend to Tunisia along with the European Commission president, looking to make progress in unblocking loans from the International Monetary Fund for the north African state.
June 8, 2023
The European Central Bank will hike its key interest rates by 25 basis points on June 15 and again in July before pausing for the rest of the year as inflation remains sticky, according to a clear majority of economists polled by Reuters.
June 8, 2023
Ethiopia's overall spending is expected to rise slightly and economic growth to accelerate in the next fiscal year starting in July, its finance minister said on Thursday.
June 8, 2023
Turkey's recently appointed Finance Minister Mehmet Simsek is scheduled to convene a meeting next week with top banking executives, banking sources said.
June 8, 2023
Pakistan is likely to post GDP growth of 0.29% in the fiscal year ending June 2023, the country's economic survey released on Thursday said, well below the target of 5% set last year.
June 8, 2023
Japanese truck maker Isuzu Motors said on Thursday it was not planning to move a factory to Indonesia from Thailand, a day after the Indonesian industry minister signalled it would.
June 7, 2023
Britain's largest mortgage provider Halifax will ramp up interest rates for new home loans on Wednesday, according to pricing provided to brokers, the latest major lender to do so in response to soaring funding costs.
June 7, 2023
Mattress maker Serta Simmons Bedding on Tuesday said that its Chapter 11 reorganization plan has been confirmed by a U.S. bankruptcy court, bringing the bedding company one step closer to emerging from bankruptcy.