Goldman Sachs Group Inc. and Morgan Stanley are among those projecting cuts of 40bps to the People’s Bank of China’s main policy rate in 2025
Wall Street
Wall Street slips as uncertainty surrounds US election, Fed move
Some of the so-called “Trump trades” unwound after a recent poll showed Harris, the Democratic vice president, leading in Iowa, sparking a drop in the US dollar, Treasury yields and bitcoin
Wall Street fear index hits 3-month high as markets slump
As many as 1.5 million VIX options were traded on Thursday, nearly double the average daily volume, indicating heightened market apprehension
Goldman Sachs weighs sale of wealth business unit catering to high net worth clients: Report
Goldman’s private wealth unit oversees $1 trillion in assets for ultra-high net worth clients
US dollar rebounds on higher expectations for Fed hike in May
The dollar index – a basket of six major international currencies – rose 0.15 percent to 101.82, up from Friday’s one-year low of 100.78
Investors heave sigh of relief as Wall Street equities gain, US Treasury yields rise
The US Treasury yields rose on optimism that stress in the banking sector could be contained
UAE, Asian shares rally as key US indicators hint to Fed rate hike easing
The Dubai Financial Market opened 2.41 percent at 3304 points, while the Abu Dhabi securities exchange also opened in the green, trading 0.047 percent higher in the early morning trading hours
Moelis plans Saudi hires as ‘energy supercycle’ stirs Gulf deals
Boutique financial adviser wants to open an office in Riyadh, the Saudi capital
How one Dubai entrepreneur aims to connect career women to flexible employers
Former Wall Street banker Zabeen Mirza set to launch jobs.mom platform in the Middle East after Ramadan
Video: An inside look at Wall Street’s most famous trader
Peter Tuchman is no stranger to the camera. He stepped on the floor of the NYSE in 1985. Now he’s the face of the market’s best and worst days.
Video: Why Wall Street traders are on the decline
Buying and selling stocks or bonds used to happen on the phone, in person, or in the packed trading pits in Chicago, New York and London.
Video: What would negative interest rates mean for consumers and the economy?
President Donald Trump is a big fan of low interest rates. In fact, he’s called on the US Federal Reserve to take rates into negative territory, just like Germany or Japan.
Dow ends above 27,000 points for first time, S&P 500 hits record
Shrugging off trade war worries, the blue-chip Dow Jones Industrial Average gained 0.9 percent to hit 27,087.84 after the closing bell
Video: Why Uber is losing money
Uber is hitting the public markets on Friday with a valuation that could top $75 billion. The world’s biggest ride-hailing business debuts weeks after Lyft, its smaller rival.
Uber blame game starts after post-IPO tumble
The debate over how well Morgan Stanley and other banks handled the marquee offering is complicated by a lot of bad luck
Uber aims for stock market debut value of up to $84bn
San Francisco-based company, which announced a $3.1bn deal to buy Dubai-based Careem last month, could aim to raise up to $10bn in the listing
Microsoft tops trillion dollar mark for first time
US tech giant Microsoft is currently the world’s most valuable company, ahead of Apple and Amazon