BlackRock Expands its Footprint in Abu Dhabi: A Strategic Move Toward AI and Private Markets
BlackRock, the multinational investment management firm renowned for its pioneering financial products, has secured a commercial license to operate in Abu Dhabi, the capital of the United Arab Emirates. This approval, granted on November 18, 2024, is a significant step...
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Japan’s Machinery Orders Decline for Third Consecutive Month
Japan’s core machinery orders saw a continued decline in September 2024, signaling potential weaknesses in the country’s industrial sector. The orders, which exclude those for ships and electric power companies, dropped by 0.7% month-on-month to 852 billion yen, marking the...
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US Retail Sales Climb in October 2024: A Mixed Performance Across Sectors
In October 2024, U.S. retail sales rose by 0.4% month-over-month, surpassing market forecasts of 0.3%. This marks a steady, albeit slower, growth compared to September’s upwardly revised 0.8% increase. Gains were driven by strong performances in electronics and appliance stores...
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China’s Retail Sales Surge in October 2024: A Bright Spot in Economic Growth
China’s retail sales soared by 4.8% year-over-year in October 2024, marking the fastest growth since February and significantly outpacing the 3.2% increase in September. This impressive uptick exceeded market expectations of 3.8% and was fueled by a perfect storm of...
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UK Economy Contracts in September 2024: A Setback for Growth
In an unexpected turn, the British economy contracted by 0.1% month-over-month in September 2024, marking its first decline in five months. This was a sharp contrast to the 0.2% rise in August and significantly below forecasts of a 0.2% expansion....
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