SINGAPORE: Oil prices rose on Wednesday on expectations of strong global demand, including in the world’s top consumer the United States, and as even somewhat sticky US inflation did not significantly alter expectations the Fed might start cutting rates soon, according to Reuters. Brent futures for May delivery rose 46 cents, or 0.6 percent, to $82.38 … Read more
RIYADH: Saudi healthcare is poised to benefit from advanced medical interventions after Johnson & Johnson’s technology firm, J&J MedTech KSA, announced the launching of its direct operations in the Kingdom. The company provides high-tech medical and surgical equipment and aims to bring customers closer to a more streamlined experience, according to a statement. This … Read more
AI will drive efficiency amid global economic slowdown, leading financiers tell FII Priority Summit MIAMI: The chiefs of four of the world’s leading corporations stressed on Thursday, during the first day of the Future Investment Initiative Miami Summit, that while artificial intelligence has the potential to drive higher investment and economic growth across the world … Read more
WASHINGTON: The US Federal Reserve voted Wednesday to leave interest rates unchanged for a fourth straight meeting, but said the “risks to achieving its employment and inflation goals are moving into better balance.” The Fed has a dual mandate to keep both inflation and the unemployment rate low, and has been heavily focused on bringing … Read more
SINGAPORE: Oil prices edged higher on Friday after minutes from a Federal Reserve meeting suggested inflation was under control, and US Secretary of State Antony Blinken prepared to visit the Middle East to try and prevent the Israel-Gaza conflict from widening, according to Reuters. Brent crude futures were up 31 cents, or 0.4 percent, to $77.90 a … Read more