News article in McDonald’s website confirms that after more than 30 years of operations in the country, McDonald’s Corporation...

Economy

McDonald’s To Exit from Russia after 30 Years of Service in the Country

The dollar slipped against other major currencies for a third straight day on Tuesday, tempering a long rally as investors cashed out and trimmed bets on U.S...

Stock Markets

Dollar Slipped against other Major Currencies as Focus turns to Growth

Asian shares rise on Tuesday, boosted by technology majors, as hopes expectation grow for an easing of China's regulatory crackdown on...

Stock Markets

Asian Shares Rise on High Expectation of Easing China Tech Crackdown

On Friday, Elon Musk revealed that his $44 billion takeover deal for Twitter Inc. has been put “temporarily on hold”, triggering a share plunge...

Stock Markets

Musk’s $44 Billion Twitter Acquisition Deal ‘on Hold’ Causing Shares to Plunge

His Highness Sheikh Khalifa bin Zayed Al Nahyan, the President of the United Arab Emirates and Ruler of Abu Dhabi, has passed away on Friday, May 13, aged 73...

World

RIP: UAE’s Sheikh Khalifa Bin Zayed Al Nahyan Passes Away

Stock Markets

16 Feb 2022

Asian Stocks Surge as Eastern European Tensions Retreat

Asian Stocks Surge as Eastern European Tensions Retreat

The Index Today

Stocks climbed on Wednesday while crude oil dipped amid easing geopolitical tensions in Eastern Europe after Russia announced the withdrawal of its troops from Ukraine.

Shares edged higher in China, Japan, and Hong Kong in the face of slackening inflation that could pave the way for a relaxation of monetary policy to facilitate economic growth.

Russian President Vladimir Putin affirmed the “partial” departure of troops from the Ukrainian border which has been significant in abating the rising geopolitical tensions between both countries. However, the U.S. is yet to confirm the same with President Joe Biden maintaining that a Russian attack is still quite likely to happen.

As per UBS Financial Advisor Brenda O’Connor Juanas, “Volatility and uncertainty is just going to be heightened, that can be due to Russia-Ukraine, [and] it could be due to stubborn inflation.” She also contended that there is still “a lot more for clients and investors to be uncertain about.”

©Photo: Associated Press