WASHINGTON: The US central bank’s decision to slash interest rates this week is a “very positive sign” for where the world’s biggest economy stands, US Treasury Secretary Janet Yellen said Thursday.

PARIS: Longer and more frequent heatwaves, soaring demand for air conditioning, and widespread disease: life in cities would become unbearable should the planet keep warming at current rates, researchers warned Thursday.

KUWAIT: National Bank of Kuwait (NBK) remains steadfast in its dedication to enhancing financial literacy and fostering inclusivity across diverse societal groups.

FRANKFURT: A big interest rate cut from the US Federal Reserve on Wednesday raised bets on further policy easing at the European Central Bank in October but this is still not the most likely outcome given different economic realities. 

WASHINGTON: Sales of previously owned US homes fell in August, according to industry data released Thursday, but lower mortgage rates and growing supply are likely to boost the industry.

ISTANBUL, Sept 18 (KUNA) -- The Turkish Central Bank decided on Thursday to keep the interest rate AT 50 percent for the sixth month in a row declaring vigilance vis a vis the inflation but stoppING short of indicating whether it would ultimately stiffen the monetary policy.

LONDON, Sept 19 (KUNA) -- The Bank of England on Thursday kept interest rates steady at five percent, a month after cutting them for the first time since March 2020.

TOKYO, Sept 19 (KUNA) - The engine defect in the Airbus A350 plane that led to the cancellation of dozens of Hong Kong-based Cathay Pacific Airways' flights in early September could have escalated into "extensive damage," public broadcaster Radio Television Hong Kong reported Thursday, citing a probe released by Air Accident Investigation Authority (AAIA).

RIYADH, Sept 18 (KUNA) - The Saudi Central Bank, in line with its objective of preserving monetary stability, decided Wednesday to reduce the rate of Repurchase Agreement (Repo) by 50 basis points to 5.5 percent.