Month : December 2024

The Central Bank of the United Arab Emirates (CBUAE) has reported a significant increase in its gold reserves, surpassing AED23 billion by the end of the third quarter of 2024. According to the CBUAE’s Monthly Statistical Bulletin for September, the reserves grew by 5.3%, or AED1.164 billion, reaching AED23.185 billion compared to AED22.021......

Bitcoin’s historic rally paused after the cryptocurrency surpassed $108,000 for the first time, reflecting a mix of cautious optimism among traders as they anticipate key signals from the Federal Reserve’s policy meeting. The leading digital asset reached $108,315 on Tuesday but retreated to $104,775 by early Wednesday in New York trading, according to CoinGecko.......

Honda and Nissan, two of Japan’s leading automakers, have reportedly engaged in early-stage discussions about a potential merger, as they face mounting challenges in the competitive electric vehicle (EV) market. According to reports from the Nikkei and other outlets, the talks aim to strengthen their position against rising EV makers, particularly in China, a......

T. Rowe Price has raised the prospect of 10-year US Treasury yields reaching 6% for the first time in more than two decades, citing worsening fiscal conditions and potential economic impacts of Donald Trump’s proposed policies. Arif Husain, Chief Investment Officer for Fixed Income at the firm, pointed to persistent budget deficits, anticipated tax......

Pfizer Inc. (NYSE:PFE) has issued its financial guidance for the full year 2025, projecting revenue growth between $61 billion and $64 billion, representing a flat 5% operational increase from the midpoint of its 2024 guidance. The pharmaceutical giant also forecast adjusted diluted earnings per share (EPS) to rise between 10% and......