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Goldman profit hit by weaker trading, rising expenses; shares tumble

Global Business Magazine January 19, 2022

Shares in Goldman Sachs Group (GS.N) fell as much as 8% Tuesday after Wall Street's premier investment bank missed quarterly profit expectations, Read More

Business Economy News World

Higher interest rates may cause Japan’s debt-servicing to top 30 trln yen in FY2025 – draft

Global Business Magazine January 19, 2022

Japan's debt servicing costs would exceed 30 trillion yen ($261.55 billion) for the first time ever in fiscal 2025 if interest rates rise by 1% more Read More

Business Economy News Oil & Gas Omicron World

Oil market headed for surplus as Omicron impact muted -IEA

Global Business Magazine January 19, 2022

Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the International Energy Agency (Read More

Banking News World

U.S. regulators must provide more clarity on crypto rules, says BNY Mellon CFO

Global Business Magazine January 19, 2022

U.S. regulators need to provide more clarity on the rules of the road for cryptocurrencies and other digital assets amid ongoing Read More

Banking News World

Wells Fargo names Derek Flowers as new chief risk officer

Global Business Magazine January 19, 2022

Wells Fargo & Co named Derek Flowers as its new chief risk officer, leading all aspects of the lender's risk management systems, the Read More

Technology Business Economy News

Dubai’s Emirates suspends flights to several U.S. destinations on 5G concerns

Global Business Magazine January 19, 2022

Dubai's Emirates (EMIRA.UL) airline announced on Tuesday that it will suspend flights to several destinations in the United States as of Read More

Economy News World

China cuts interest rates as economic growth slows

Global Business Magazine January 19, 2022

China’s economic performance weakened in the fourth quarter as expenditure plummeted,&Read More

Finance Business Economy News World

Higher U.S. yields support dollar; yen slips after BoJ meeting

Global Business Magazine January 18, 2022

A jump in U.S. Treasury yields pushed the dollar index to a six-day high on Tuesday, while Japan's yen fell after Read More

Business Economy News Omicron World

Analysis: With Omicron, global economy spots chance to push past COVID

Global Business Magazine January 18, 2022

Governments worldwide are easing quarantine rules, reviewing coronavirus curbs and dialling back pandemic-era emergency support as they bid to launch their economies Read More

Finance Business News Regional

Most Gulf markets gain as UAE shrugs off Abu Dhabi attack

Global Business Magazine January 18, 2022

Most major stock markets in the Gulf rose in early trade on Tuesday, with the United Arab Emirates market changing its course Read More

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