Market and Exchange

The UAE economy growth is expected to lower to 3.9 percent in 2012 after a solid 2011, when the GDP expanded 5.2 percent led by high oil prices and a 10.2 percent increase in oil production, according to a review of the UAE economy by Global Investment...

The Central Department for Statistic and Information (CDSI) released Consumer Price Index (CPI) inflation data for April, showing prices slightly rising to 4 percent year-on-year compared with 3.9 percent in the previous three months. This level of...

BRUSSELS (Reuters) - Critics ridiculed European Union bureaucrats on Saturday for taking time off fighting the euro zone's debt crisis to impose strict new rules on how restaurants serve olive oil. From January 1, 2014, eateries will be banned from...

WASHINGTON -- Consumer sentiment perked up in May to its highest level in more than six years, according to a survey released Friday, helped by falling gasoline prices, a rising stock market and firmer housing prices. The preliminary May reading of the...

The federal budget shouldn't undermine Social Security in the quest to control the deficit, says the executive director of the Wisconsin Alliance for Retired Americans. "Social Security should be a separate discussion from the federal budget to make...

* Fed's Williams says stimulus reduction could start this summer * U.S. consumer sentiment rises to nearly six-year high * U.S. dollar index hits nearly three-year high * Dow, S&P 500 surge to record closing highs By Herbert Lash NEW YORK, May 17...

NEW YORK (Reuters) - The U.S. dollar soared against major currencies on Friday on growing speculation that the Federal Reserve could soon begin to rein in its bond-buying program and after data showed U.S. consumer sentiment hit an almost six-year high in...

(Nicholas Wapshott is a Reuters columnist but his opinions are his own.) By Nicholas Wapshott May 17 (Reuters) - In the nearly five years since the worst financial crash since the Great Depression, the remedy for the world's economic doldrums has...

NEW YORK (Reuters) - The dollar rallied across the board on Friday, topping the 103-yen level as it hit a 4-1/2-year high against the Japanese currency, after data showing a robust rebound in U.S. consumer sentiment prompted investors to add to bullish...

ORLEANS, France (Reuters) - The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for "quite a long time", ECB executive board members said on Friday. With the euro zone economy stuck in recession, the ECB...

BRUSSELS (Reuters) - Saving pocket change may not end the euro zone crisis, but the European Commission hopes that scrapping the smallest coins could help penny-pinching governments cut costs. The European Commission outlined proposals this week for...