Tag: economy
Asian stocks track Wall Street gains after encouraging US jobs data calm jitters over the economy
Asian stocks were higher Friday after U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased...
Egypt’s currency edges higher against the US dollar after price hikes
CAIRO -- The Egyptian pound is sliding against foreign currencies, inching nearer to 50 per U.S. dollar after a recent hike in subway...
Saudi Arabia's Aramco reports lower half-year profits as economic worries dampen energy prices
DUBAI, United Arab Emirates -- Saudi oil giant Aramco reported half-year profits Tuesday of $56.3 billion, down from the year before due to...
Japan's share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street
NEW YORK -- Japan’s benchmark Nikkei 225 index soared more than 10% early Tuesday, a day after it set markets tumbling in Europe...
Financial markets around the globe are falling. Here's what to know about how we got here
NEW YORK -- Markets on Wall Street and around the world are in a mini-panic. Worried about a slowing U.S. economy, investors sent...
Unemployment rise spurs fears of slowdown, yet recession signals have been wrong — so far
WASHINGTON -- A surprising rise in the U.S. unemployment rate last month has rattled financial markets and set off new worries about the...