Bahrain's gross domestic product grew 6.9% year on year in the second quarter of 2022, posting the biggest annual increase since 2011, Bahrain's Crown Prince Salman bin Hamad Al-Khalifa said on Twitter on Sunday.
Britain's deputy finance minister on Saturday played down a historic collapse in the pound and government bonds in response to the country's new economic growth plan, which sent international investors heading for the exit.
- U.S. companies borrowed 4% more in August to finance their investments in equipment compared with a year earlier, industry body ELFA said on Friday, while raising doubts over the sustainability of this growth amid slowdown fears.
Apple Inc shares are trading lower by 2.56% to $148.83 during Friday's session. What Happened? The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 3% and 3.25%, its third 0.75% rate hike in four months.
U.S. companies borrowed 4% more in August to finance their investments in equipment compared with a year earlier, industry body ELFA said on Friday, while raising doubts over the sustainability of this growth amid slowdown fears.
The SPDR S&P 500 ETF Trust suffered more heavy losses this week in response to another aggressive Federal Reserve interest rate hike, and the S&P 500 index is approaching a retest of its 52-week low of 3,636 back in June as Friday's market close approaches. Investors are becoming increasingly concerned the Fed will be unable to get inflation under control without triggering a U.S. recession.
The Swiss National Bank is ready to take further steps to fight inflation despite price rises in Switzerland being relatively modest compared to international peers, SNB Chairman Thomas Jordan said on Friday.
Russia has ramped up oil shipments to Asia since Europe imposed sweeping sanctions, but still needs to re-route over a quarter of its crude exports away from Europe - or about 1.3 million barrels per day - when a full oil embargo hits in December.
Ontario, Canada's most populous province, posted a surplus for the latest fiscal year, ending in March, as revenues exceeded forecasts, an annual report showed. The province reported a surplus of C$2.1 billion in 2021-22, swinging from a deficit of C$16.4 billion in 2020-21, the Public Accounts 2021-22 document showed.
OTTAWA - Canada recorded a C$6.33 billion budget surplus for the first four months of the 2022/23 fiscal year, helped by higher tax revenues and the ending of coronavirus support measures, the finance ministry said on Friday. By comparison, Canada posted a C$47.33 billion deficit in the period from April to July 2021.
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