ECB is on hold with rate decision

Note: This section contains information in English only.
Source: Reuters
The European Central Bank is unlikely to release its decision whether to cut the benchmark interest rates to its record low sooner than Thursday as the bank's policy meeting began today, the President of the ECB said on Tuesday. According to Draghi, the ECB may wait for the latest forecast suggesting whether the inflation level is too low as last estimates show inflation rising by 0.7% in the Q2.

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Tue, 06 May 2014 15:00:06 GMT

UAE private sector rises at record rate in April

Private sector in the United Arabic Emirates increased in April rising at the fastest pace all-time as new orders and output advanced notable on the month, the latest date released by the HSBC Bank and Markit Economics showed on Tuesday. The nation's non-oil private sector gained from 57.7 points in March to 58.3 in the following month.

Tue, 06 May 2014 14:10:03 GMT

Greenback weakens on data from Europe

The U.S. Dollar declined on Tuesday trading session falling against the 18-nation bloc currency towards the weakest level in seven weeks after last week's job data in the U.S. were overshadowed by favourable reports from Europe. The so-called Greenback slipped 0.4% to $1.39315 with the U.S. Dollar index slipping to its 6-month low, and it dropped 0.2% to 101.95 yen.

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