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The S&P 500 hits fresh high
The benchmark index closed up 0.2% at a record 6,130
FinMin closes SAR 3.07 bn February sukuk issuance
The issuance was structured in four tranches
Bondholders push back against the IMF’s Ethiopia debt assessment
Investors claim that the IMF’s economic forecasts are tilting the balance toward deeper writedowns on existing debt
Trump’s reciprocal tariff drive is throwing international firms for a loop
Many see Trump’s tariff threats as a blunt protectionist measure, others believe they could serve as a negotiation tactic
Rising US inflation in January reduces chance of Fed rate cut
The consumer price index rose 3% y-o-y, the highest rise since June
eXtra’s net income increases 37% y-o-y in 2024
Its subsidiary UIHC saw its net income grow 4.8% y-o-y over the same period
Saudi records SAR 57.7 bn budget deficit in 4Q 2024
Total expenditure for 4Q 2024 fell 9% y-o-y to SAR 360.5 bn
Chinese tech stocks log big gains riding on DeepSeek’s historic debut
China’s tech-heavy Hang Seng Tech rose 25% in January, the broader Hang Seng benchmark rose 15%, and the CSI 300…
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