ADDIS ABABA: Ethiopia, facing a significant foreign exchange shortage, signed a currency swap agreement with the United Arab Emirates, a joint statement revealed on Tuesday.
The agreement, inked between the National Bank of Ethiopia (NBE) and Central…
ISTANBUL: Homebuilding sentiment in the US decreased in July, according to a report released on Tuesday.
The National Association of Home Builders/Wells Fargo Housing Market Index came in at 42 in July, down one point from 43 in June.
The index stoo…
ISTANBUL: Declining consumer inflation in the US has increased the likelihood of a first interest rate cut by the Federal Reserve in its September meeting.
The consumer price index (CPI), which measures changes in prices of commonly purchased goods a…