An index of U.S. business activity rose unexpectedly in May to the highest level in nearly a year. Firm demand in the service sector contributed. The outlook for the future of the economy has also become brighter. S&P Global’s preliminary reading of the Composite Purchasing Managers Index (PMI) for the combined US manufacturing and service … Read more
With the S&P 500 nearing a chart milestone after a seven-month rally in U.S. stocks, some previously bearish investors are showing signs of conceding defeat. Both bullish and bearish equity hedge funds bought U.S. stocks for the second week in a row, their biggest purchase since October, according to data compiled by Goldman Sachs Group … Read more
Abu Dhabi – Mubasher: The balance sheet of the UAE Central Bank exceeded 560 billion dirhams at the end of last February, to record the highest level in its history. The UAE Central stated that its balance sheet rose during the month of February, on a monthly basis, by 0.8 percent, to reach 564.25 billion … Read more
U.S. Treasury Secretary Janet Yellen told big bank chief executives at a meeting on Wednesday that more bank mergers may be needed. He was reported by CNN, citing two people who were unnamed. In response to the report, the stock market on the 19th intensified selling to regional bank stocks, and the KBW regional bank … Read more
19.05.2023 – 11:30 R+V Insurance Ltd Wiesbaden (ots) Less than half of the families have taken out insurance against the risk of occupational disability (BI). This was the result of a representative survey by the Mentefactum institute on behalf of R+V Versicherung. According to the survey, only 43 percent of families in Germany have taken … Read more
Muhammad Shaker – Mubasher: The UAE financial market indices declined at the end of today’s trading session, Thursday, amid expectations that interest rates will start to be cut by the third quarter of 2023. According to the data of the UAE financial markets, the Dubai Financial Market incurred losses amounting to 333 million dirhams, and … Read more
Abu Dhabi – Mubasher: The Abu Dhabi Securities Market is witnessing today, Tuesday, the start of the subscription period for the shares of ADNOC Logistics and Services, a subsidiary of ADNOC, by offering 15% of its capital. Equivalent to 1109.8 million of its shares in the market. According to the data, the subscription targets 3 … Read more
Almost one in five Czechs does not create a long-term financial reserve, according to a survey by Česká spořitelna, Europe in data and IPSOS, in which two thousand respondents aged 18 to 65 took part. At the same time, experts remind that a financial cushion helps to manage more difficult financial situations, such as the … Read more
The ‘Ilta Sampi (一打三皮)’ project, which explores three satellites around Jupiter with a single launch, has taken its first huge step. The Jupiter Moon Exploration Spacecraft, successfully launched from a space center in French Guiana on April 14, is the star of the project. The Jupiter satellite exploration project, which investigates three satellites with one … Read more
Cairo – Mubasher: The consolidated financial statements of Qalaa Financial Consulting Company revealed, for the past year, the company’s transformation from losses to profitability, on an annual basis.. And the company stated in a statement to the Egyptian Stock Exchange, today, Sunday, that it achieved a net profit of 14.28 billion pounds during 2022, compared … Read more