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Investors keenly await ECB’s action to stalled recovery
The European Central Bank’s meeting on Thursday is the prime event for markets seeking clarity on the bank’s response to a stalled recovery, disappearing inflation and the sluggish pace of reform in the eurozone.
$100m IFC investment in ACWA Power
International Finance Corp (IFC), a unit of the World Bank, has completed a$100 million equity investment in Saudi firm ACWA Power.
Al Khaliji Bank names new group CEO
Qatar’s Al Khaliji Commercial Bank has named Fahad Abdulla Al Khalifa as its new group chief executive, a statement from the bank said on Sunday.
Viva Kuwait cleared for bourse listing
Viva Kuwait, the country’s No.2 mobile operator by subscribers, has received regulatory approval to list on the local stock exchange nearly six years after it completed an initial public offering, the company said on Sunday.
US auto sales seen ending summer without a sizzle
Auto sales are a closely watched indicator of consumer demand, particularly for big-ticket items, and the industry accounts for roughly one-fifth of all US retail spending.
US judge throws out aluminium price-fixing suit against banks
In an 85-page decision, US District Judge Katherine Forrest in Manhattan said there was no indication the defendants intended to manipulate prices, though it was clear that their actions affected the aluminum marketplace.
European Central Bank may conduct QE by March
75% of survey respondents see ECB move to buy asset backed securities
IMF board expresses confidence in Christine Lagarde
In a brief statement, the 24-member board said it continues to have “confidence in the managing director’s ability to effectively carry out her duties”.
India economy on mend, deficit goal doable: Jaitley
The right-wing government’s moves to accelerate bureaucratic decision-making and make it easier to do business are already paying dividends, Jaitley said.
Ecuador may ditch dollar with world’s first govt-issued digital currency
Ecuador is planning to create the world’s first government-issued digital currency, which some analysts believe could be a first step toward abandoning the country’s existing currency, the US dollar, which the government cannot control.
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