Dear followers everywhere, welcome to a new global tour of the financial, business, companies, and energy markets around the world, and everything new for today, Thursday, November 14, 2024… coming to you from Banker, so stay with us.
Starting with the dollar, as the US currency continued to rise on Thursday, trading at the highest level in a year against major currencies and heading towards achieving gains for the fifth day in a row, supported by rising yields and Donald Trump’s victory in the US presidential elections.
The dollar rose above 156 yen for the first time since July. The euro fell to its lowest level since November 2023 at $1.05310, and the British pound fell to its lowest level against the dollar in four months at $1.2630.
The next news in our global tour of the gold markets, where the prices of the yellow metal fell to the lowest level in 8 weeks during early Asian trading on Thursday, to the lowest level in 8 weeks, influenced by the strength of the dollar and the rise in Treasury bond yields, amid a state of uncertainty about the pace of reducing interest rates from… By the Federal Reserve (the US central bank)
Gold fell in instant transactions by 0.6 percent to $2,559.39 per ounce, after recording its lowest levels since September 19 earlier in the session. US gold futures fell 0.9 to $2,564.00
The next news in our global tour from the Arabian Gulf and the Saudi Public Investment Fund’s announcement, on Thursday, that it raised 3.86 billion riyals ($1.03 billion) from the sale of a two percent stake in its ownership in the Saudi Telecom Company (STC), as it seeks to raise funds for a program Economic diversification in the Kingdom.
The final price for selling 100 million shares was set at 38.6 riyals ($10.27) per share, a reduction of about 6.1 percent from the closing price of the company’s shares yesterday, Wednesday, of 41.1 riyals, according to Reuters calculations.
We are still in the Arabian Gulf and in the United Arab Emirates, where the size of the retail market in the Emirates will reach $40 billion in 2023, with a compound annual growth rate of 6.5 percent.
A new report issued by Oliver Wyman, a global management consulting firm and a Marsh McLennan Company, revealed that the UAE’s young, diverse, and technology-savvy demographic provides ample opportunities for innovative retailers to meet customer needs in a More targeted.
The last news on our global tour from the BRICS group, which offered Türkiye to become “a partner member of the growing economic bloc…
The Turkish Trade Minister, Omar Polat, said that the BRICS group has offered Turkey to join it as a partner member, at a time when Ankara continues what it calls its efforts to achieve a balance between its eastern and western relations.
During the past few months, Turkey, a NATO member state, has expressed its desire to join the BRICS group of emerging economies, which includes Brazil, Russia, India, China, South Africa, Ethiopia, Iran, Egypt and the UAE.
