Financial Services

US stocks fall broadly ahead of key Fed decision on rates
Sep 20, 2022

US stocks fall broadly ahead of key Fed decision on rates

Stocks are falling broadly on Wall Street and Treasury yields are rising ahead of a key decision on interest rates by the Federal Reserve


Lebanon aims to adopt long-delayed IMF reforms in October
Sep 20, 2022

Lebanon aims to adopt long-delayed IMF reforms in October

Lebanon's caretaker economy minister says the crisis-hit country hopes to adopt key but long-delayed reforms demanded by the International Monetary Fund for an economic bailout before the end of next month if there is “political will.”


Company loses bid to recover payout for Dubai hotel fire
Sep 20, 2022

Company loses bid to recover payout for Dubai hotel fire

An insurance company that was ordered to pay more than a billion Dirhams in damages for a 2015 New Year’s Eve fire in Dubai has lost a civil lawsuit that it filed to try and recover the money


Global shares mostly gain as investors await Fed rate hike
Sep 20, 2022

Global shares mostly gain as investors await Fed rate hike

Global shares are mostly higher as investors await an interest rate increase by the U.S. Federal Reserve


Depositors storm 5 banks as Lebanon's cash crisis worsens
Sep 16, 2022

Depositors storm 5 banks as Lebanon's cash crisis worsens

Lebanese depositors have stormed at least five banks to demand their trapped savings, signaling growing chaos amid the country's economic meltdown


Wall Street slips as FedEx warning adds to market woes
Sep 16, 2022

Wall Street slips as FedEx warning adds to market woes

Stocks fell broadly on Wall Street, putting the market on track for another week of sizable losses, as a stark warning from FedEx about rapidly worsening trends in the economy gave investors more to worry about


EXPLAINER: What to know about 'buy now, pay later'
Sep 15, 2022

EXPLAINER: What to know about 'buy now, pay later'

If you shop online for clothes or furniture, sneakers or concert tickets, you’ve seen the option at checkout to “buy now, pay later” by breaking the cost into smaller installments over time


US futures wobble as rail strike is averted
Sep 15, 2022

US futures wobble as rail strike is averted

Futures on Wall Street shifted between small gains and losses as investors turned their attention to an upcoming retail sales report after the White House announced early Thursday morning that a tentative railway labor agreement has been reached, averting a strike that could have been devastating to the economy


Armed woman breaks into Beirut bank, takes trapped savings
Sep 14, 2022

Armed woman breaks into Beirut bank, takes trapped savings

Eyewitnesses say an armed woman and a dozen activists broke into a Beirut bank branch and took more than $13,000 from her trapped savings


World shares fall, tracking Wall St dismay over price data
Sep 14, 2022

World shares fall, tracking Wall St dismay over price data

World markets have slipped after Wall Street fell the most since June 2020 as a report showed inflation has kept a surprisingly strong grip on the U.S. economy



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.