Inflation Data Weighs on the Dollar
by Rania Gule, Senior Market Analyst at XS.com – MENA
The USD/JPY pair witnessed a significant drop, starting Thursday’s session around the 155.00 level, near the lower boundary of the short-term descending channel. This decline came after U.S. inflation data showed a slowdown in core inflation, triggering a dollar sell-off and prompting investors to seek refuge in the Japanese yen. This...
Wall Street banks to report quarterly results
by Antonio Di Giacomo, Senior Market Analyst at XS.com
The quarterly earnings of several Wall Street banks will serve as a key indicator of market optimism following Donald Trump's election, which raised expectations for pro-business policies. This reporting period is crucial for understanding how financial institutions are navigating the current economic environment, especially after the volatility caused by political and...
The US has nearly 22 million millionaires, surpassing China, France, Japan, and Germany combined by 50%
The number of millionaires has skyrocketed over the past...
New Fund for Pandemic Prevention, Preparedness and Response Formally Established
The new financial intermediary fund (FIF) for pandemic prevention, preparedness, and response (PPR) was officially established by...
Pre-Cyber Monday Digital Sales Up 18% Despite Higher Prices, Smaller Discounts, and Fewer Products
Early holiday shopping is driving an increase in digital sales this...
UAE asserts Strong Climate Action equals Strong Economic Growth at Pre-COP26 Meetings in Milan
The UAE has expressed its strong support for progressive climate action...
Renewable resources discussions grow multifold in 2020 as fossil fuel demand dwindles
‘Renewable energy’ mentions in oil and gas companies’ earnings transcripts increased by over...
Deal activity in Asia-Pacific declined by 27.8% in May 2021
A total of 760 deals (comprising mergers & acquisitions, private equity and venture financing deals)...
Global Over-the-Counter (OTC) Drugs Market to Grow by 6%YoY and Hit $120.8B Value in 2021
Over the years, non-prescription or over-the-counter (OTC) medicine has become...
69% of Routine Work Currently Done by Managers will Be Automated by 2024
Artificial intelligence (AI) and emerging technologies such as virtual personal assistants and chatbots are rapidly...
For further increase tourism demand from the Middle East to Japan, the Japan National Tourism Organization (JNTO) signed a Memorandum of Cooperation (MOC) with...
