Hong Kong: Markets sank Thursday and the dollar rallied after the Federal Reserve unveiled a third straight jumbo interest rate hike, said more were in the pipeline, and warned the battle against inflation was straining the US economy, according to AFP.
While the three-quarter-point rise was widely expected, there was some surprise at the central bank’s forecast that borrowing costs would likely be held above four percent throughout next year.
Fed boss Jerome Powell reiterated his…
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By Precious Olisa This news may not be palatable to developers and Nigerians planning to start a building project, as the Cement Producers Association of Nigeria has warned that the price of a 50kg bag of cement may start selling for N9,000 when the dry season begins in November. At the moment, the product is...
Jakarta , September 24 (ANI/WAM): Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, led the UAE delegation to the UAE-Indonesia Business Forum, which was held Thursday in the capital, Jakarta. During his visit to Indonesia, Al Mazrouei was received by President Joko Widodo, who expressed his country's welcome for the UAE's commitment to...
