February 2024 – Page 42 – UAG Trade Asia

Russia to Hold Interest Rates at 16 after Months of Tightening

February 13, 2024
Politics
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All 23 analysts in Reuters poll expect rate hold at 16 Bank of Russia to announce decision at 1030 GMT Friday Governor Nabiullina to hold media briefing at 1200 GMT Friday This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Feb 12 Reuters Russia will hold […]

February 13, 2024
Uncategorized
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NEW DELHI, Feb 12 Reuters India39;s industrial output rose at a fasterthanexpected pace of 3.8 yearonyear in December, government data showed on Monday, on the back of a pick up in manufacturing activity. For December, economists polled by Reuters had estimated growth of 2.4. In November, too, it rose 2.4. Manufacturing output in December rose 3.9 […]

February 13, 2024
Uncategorized
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Minister says kingdom has 39;huge cushion39; of spare capacity Capacity can be tweaked up or down as necessary, minister says DHAHRAN, SAUDI ARABIA, Feb 12 Reuters Saudi Arabia39;s Uturn on its oil capacity expansion plans was because of the energy transition, its energy minister said on Monday, adding that the kingdom has plenty of spare […]

February 12, 2024
Business
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Feb 12 Reuters Gilead Sciences has agreed to buy CymaBay Therapeutics for 4.3 billion, gaining access to an experimental liver disease treatment with blockbuster potential as the U.S. drugmaker looks beyond its older HIV drugs for growth. Shares of the Newark, Californiabased drug developer jumped 24.6 to a record high of 32.01 in morning trading on Monday, […]

February 12, 2024
Business
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Feb 12 Reuters New York Community Bancorp shares jumped on Monday, extending gains from the previous session in response to top executives buying stake in the U.S. lender reeling with its exposure to the U.S office property market. The bank has been looking to boost investor confidence to stem a share slide from Jan. 31 when it posted a surprise […]

February 12, 2024
Business
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LONDON, Feb 12 Reuters Google has pledged 25 million euros 26.98 million to help people in Europe learn to use artificial intelligence AI. Announcing the funding on Monday, the tech giant said it had opened applications for social enterprises and nonprofits that could help reach those most likely to benefit from training. The firm will also […]

February 12, 2024
Finance
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Previous Trading Days Events 09 Feb 2024 Labour marketrelated reports on Friday showed that Canada added 37K in January, more than double the expected figure, while wage growth slowed slightly and the unemployment rate edged down to 5.7 from 5.8 in December, posting its first decline in 13 months. The job market still seems resilient, […]

February 12, 2024
Finance
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Feb 12 Reuters Most stock markets in the Gulf ended higher on Monday, ahead of U.S. inflation data, which is being closely watched for clues about when the U.S. Federal Reserve might cut interest rates. Strong U.S. jobs data earlier in February meant investors reduced expectations for a Fed rate cut at its next meeting, […]

February 12, 2024
Finance
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Feb 12 Reuters India39;s market regulator is increasing scrutiny of issue documents filed by companies going public, four sources said on Monday, amid a rise in initial public offerings in the Indian market. The country39;s surging stock market has prompted nearly 50 companies to launch public issues in 2023; eight issues have been completed so far this […]

February 12, 2024
Finance
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LONDON, Feb 12 Reuters The dollar was steady on Monday as a holiday in most major Asian markets subdued the start of what could turn into a busy week, with all eyes on U.S. inflation data for clues on when the Federal Reserve may start to cut rates. The euro was down a whisker at […]

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Russia to Hold Interest Rates at 16 after Months of Tightening

Indias December Industrial Output Up 3.8 on Year

Saudi Arabia Cites Energy Transition for Oil Capacity UTurn

Gilead to Buy CymaBay for 4.3B in Bets on Liver Disease Treatment

NYCB Shares Gains as Stake Purchase by Top Executives Lifts Investor Trust

Google Pledges 25 Million Euros to Boost AI Skills in Europe

Canadas Surprising Job Growth, USD Weakened, U.S. Indices Move Upwards, Dow Jones Resists, Crude Oil Settles, Bitcoin Reversed Fully from Recent Downturn

Most Gulf Markets Gain ahead of US Inflation Data

India Markets Regulator Ups Scrutiny of IPO Documents, Sources

Dollar Steady, US Inflation Data Tops this Weeks Bill

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