United States

Fed to keep interest rates steady as economic growth slows, tariffs dampen outlook

The Fed has held its policy rate in the 4.25-4.50 percent range since December

Trump introduces 100 percent tariff on foreign films: “We want movies made in America again”

Uncertainty remains on how tariffs will affect streaming services and box office revenues 

Warren Buffett to step down as CEO of Berkshire Hathaway – Who will lead next?

Buffett’s announcement was met with applause from 40,000 shareholders during the annual meeting 

Oil prices drop over $2 as OPEC+ agrees to increase production by 411,000 barrels

Barclays lowered its Brent forecast by $4 to $66 a barrel due to OPEC+ decisions

Dubai’s 24-carat gold prices up AED3.50; global rates rise on weaker dollar

Traders expect 80 basis points of rate cuts this year after strong job growth reported in April

Visa introduces AI shopping agents powered by OpenAI, Microsoft

Visa CEO emphasized the need for secure AI-enabled payments in evolving commerce landscape

Bitcoin surges above $96,880 as market shows signs of recovery, investor confidence grows

Increased trading volumes signal renewed bullish sentiment among both retail and institutional investors.

e& Wholesale Americas launches in Miami to boost connectivity, drive digital innovation and market access

The Miami office enhances C&WS’s global footprint, serving as a gateway to dynamic markets

Google’s new AI Mode offers innovative search capabilities to rival ChatGPT and Meta

The new AI Mode delivers a conversational interface for dynamic exchanges and user engagement 

Crude oil prices rise to $62.53 as China evaluates U.S. trade proposal

The United States has approached China to seek talks over Trump's 145 percent tariffs, and Beijing's door was open for discussions

Dubai gold prices gain AED4, global rates mark steepest weekly fall since February

The easing of trade tensions between the U.S. and China amid hopes for a deal is weighing on gold prices

BNY Mellon secures regional headquarters license in Saudi Arabia

New RHQ will enhance operations and services across the Middle East