Browsing: Business

Russia’s Agriculture Ministry has projected a 2023 grain harvest of more than 123 million metric tons, including 78 million metric tons of wheat, factoring in new territories, according to Minister of Agriculture Dmitry Patrushev. He noted that the ongoing sowing

Canadian pension investment manager British Columbia Investment Management Corporation (BCI) and Abu Dhabi-based sovereign investor Mubadala Investment Company have joined as anchor investors in Cube Highways Trust (CHT), an infrastructure investment trust (InvIT) in India. Cube Highways Fund Advisors Private

Dubai Aerospace Enterprise (DAE) revealed today that its Board of Directors and Shareholders have approved an additional $300 million for bond repurchases through open market transactions. This move follows DAE’s previous repurchases of around US$1.13 billion of principal amount of

Gold prices experienced a rebound on April 18, 2023, after two consecutive sessions of losses, as the dollar’s value weakened and investors sought further clarity on the US Federal Reserve’s monetary policy stance, according to a Reuters report. Spot gold

Abu Dhabi Ports (AD Ports) Group has launched a new weekly container shipping service from Khalifa Port in the UAE to Shuwaikh Port in Kuwait to improve connectivity and facilitate trade between the two countries. The inaugural visit of the

Gold prices remained close to one-year highs on Friday, fueled by recent US economic data that suggested the Federal Reserve may be nearing the end of its rate-hiking cycle. This drove non-yielding bullion towards a second consecutive weekly increase. Spot

World Bank Group President David Malpass and IMF Managing Director Kristalina Georgieva will launch the 2023 Spring Meetings in Washington, D.C. with a discussion on the complex challenges facing the global economy. The meetings will take place from April 10th

Walmart, the largest private employer in the US, is set to lay off more than 2,000 workers from five of its fulfillment centers that cater to online orders. According to WARN filings, the job cuts will impact more than 1,000

The Nasdaq Composite fell 0.6% on Monday as oil prices soared amid concerns of inflation and a looming recession. The S&P 500 remained mostly flat after a lower open, while the Dow Jones Industrial Average bucked the trend and rose

Global sales of heat pumps grew by 11% in 2022, according to the latest International Energy Agency (IEA) analysis, marking a second year of double-digit growth for the central technology in the world’s transition to secure and sustainable heating. Increased