Business / Financial Markets | ANALYSIS May 28, 2023
Why a U.S. debt deal may only provide short-term relief for markets
Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets.
Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets.
The Swiss bank's announcement helped stem heavy selling in financial markets in Asian morning trade on Thursday, following torrid sessions in Europe and the United States overnight.
While Turkey and the UAE have criticized the Russian offensive, Ankara opposes non-U.N. sanctions on Russia and both countries have relatively good ties with Moscow.
Foreign direct investment remains short of targets despite it being five years since Vision 2030 was launched in an attempt to end the kingdom's dependence on fossil fuels.