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UAE wins bid to host 2029 World Bank, IMF annual meetings in Abu Dhabi: Sheikh Mohammed
The UAE has been awarded the hosting rights for the 2029 Annual Meetings of the World Bank Group and the International Monetary Fund (IMF), with the landmark gathering set to take place in Abu Dhabi.The announcement was made by Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum, who described the decision as a strong global vote of confidence in the UAE’s financial standing, economic capabilities and the efficiency of its institutions."These global meetings, which bring together central bank gov...
Bond Traders Cling to Bets on a Fed Rate Cut This Year After CPI
Bond traders trimmed wagers that the Federal Reserve will lower interest rates once this year after data confirmed that US inflation quickened in March as the Iran war led to higher gasoline prices.
FAA investigating close call between plane and two trucks at LAX
At Los Angeles International Airport, a Frontier plane full of passengers nearly collided with two trucks, according to the pilots, who said they had to slam on the brakes. Tom Hanson explains how the incident unfolded.
Iran War’s Inflation Impact: Consumer Prices Skyrocketed Last Month As Fuel Costs Surged
Wall Street awaited insight into how the Middle East conflict affected the economy.
US inflation jumps to highest level in almost two years
US inflation jumps to highest level in almost two yearsJust nowShareSaveAdd as preferred on GoogleNatalie ShermanBusiness reporterGetty ImagesInflation in the US accelerated last month to its highest rate in nearly two years, as higher oil prices triggered by the US-Israel war in Iran started to spill over into the wider economy.Consumer prices climbed 3.3% over the 12 months to March, picking up from 2.4% in February, the Labor Department said. That marked one of the the biggest monthly changes...
US inflation soars in March as war on Iran drives economy into uncertainty
Prices were up 3.3% over the year, adding to the unpredictability that first came with Trump’s tariffs US inflation soared in March amid the US-Israel war with Iran, with prices up 0.9% compared to last month and 3.3% over the year, according to new data released Friday.The spike in the consumer price index (CPI), which measures the price of a basket of goods and services, is the largest in nearly two years and the first official measure of how the conflict has impacted US consumer prices, parti...
Inflation surged in March as Iran war drove up energy costs
MoneyWatch CPI report shows inflation surged in March as Iran war drove up energy costs .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham April 10, 2026 / 8:32 AM EDT / CBS News Add CBS News on Google...
US inflation rose to 3.3% in March on Middle East energy shock
Surge in prices triggered by the Iran war ricocheted across world’s biggest economy
US Stocks’ Seven-Day Rally Stalls Ahead of CPI, US-Iran Talks
US equity futures stalled after a seven-day rally as investors weighed whether a fragile truce between Washington and Tehran can hold, and oil headed for its biggest weekly loss in nine months.
US Premarket Movers: CoreWeave, Docusign, Lumentum, Organon
S&P 500 Index futures are little changed as of 7:50 a.m. in New York. Its seven-day winning streak, the longest run for the benchmark since October, looks set to be tested as traders prepare for CPI data.
Demand for Dollars in Currency Swaps Ebbs Alongside Global Risks
By at least one metric in the $9.5 trillion foreign-exchange markets, demand for the dollar is ebbing amid the tenuous ceasefire between the US and Iran.
IFC Report: Morocco’s Cultural Creative Industries Remain Underfinanced Despite Growth Potential
Rabat – The International Finance Corporation (IFC) issued a detailed report, stressing the importance of the Cultural, Creative Industries (CCIs) in Morocco. IFC acknowledged that, despite the strong potential of these sectors in contributing to Morocco’s economic growth, job creation, and cultural promotion, the CCIs remain underfinanced. “In leading markets, the sector drives between 2-7 % of GDP,” IFC said, recalling that CCI’s contribution to Morocco’s GDP stands at 2.4%. The contrib...
Markets Waver Ahead of Cease-Fire Talks and U.S. Inflation Report
A temporary cease-fire in the war on Iran faces multiple hurdles and investors are watching the release of U.S. government data on inflation.
Syria Nears Establishing Correspondent Banking Account With Turkey
Governor of the Central Bank of Syria, Abdulkader Husrieh, said Syria is in the final stages of establishing a correspondent banking relationship with the Central Bank of Turkey. The two sides are also set to discuss a possible currency swap arrangement aimed at boosting trade, Husrieh told Reuters today, Friday, April 10. The governor said Syrian-Turkish cooperation is expected to expand to include integrated payment systems, cross-border settlements, and more organized trade finance frameworks...
Analysis of US CPI Report for March
Trump Demands Reopening of Hormuz Ahead of US-Iran Talks | The Opening Trade 4/10/2026
President Donald Trump demanded Iran reopen the Strait of Hormuz, raising pressure on Tehran before talks to turn a fragile ceasefire into lasting peace. US and Iranian delegations are set to meet in Pakistan on Saturday, with shipping through Hormuz a central sticking point. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. H...
Finance Titans Bet Mideast Resilience Will Outweigh War Fallout
Late last month, Blackstone Inc. announced the first inbound Gulf private equity deal since Iran started attacking Middle Eastern hubs, while Citigroup Inc.’s top boss fired off a 600-word memo underlining the bank’s enthusiasm for its business in the region.
Oil Production in Russia in 2026 Projected to Be About 515Mln Tonnes - Novak
Oil production in Russia in 2026 is projected to be about 515 million tonnes, Russian Deputy Prime Minister Alexander Novak said on Friday.
Nuclear Power Takes Another Tiny Step Forward in the US
New Jersey’s governor removes a moratorium on new reactors.
Ramey: Iran May Abandon Hezbollah for a US Deal
The stage is set for high-stakes peace talks in Islamabad, as US and Iranian officials work toward a fragile ceasefire. Adam Ramey, Associate Dean of Social Science and Associate Professor of Political Science at NYU Abu Dhabi spoke to Joumanna Bercetche on Horizons Middle East and Africa about what is on the table, and what it may mean for Iran's regional alliances (Source: Bloomberg)