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Markets extend global rally as Trump-Xi talks boost sentiment

This is Beirut, 20/01 11:10 - Reading : 3 minute(s)

Paris Donald Trump dollar Washington immigration

Most Asian markets rose Monday following a rally on Wall Street and a record-breaking day in Europe, with sentiment boosted by positive talks between Donald Trump and Chinese President Xi Jinping that soothed worries about the incoming US leader's second term. A sense of caution has permeated trading floors ahead of the tycoon's inauguration ...

Exchange Rate Stability: Lebanese Pound Withstands the Surge

Christiane Tager, 11/01 13:00 - Reading : 2 minute(s)

Banks Central Bank of Lebanon Lebanese Pound Dollar Joseph Aoun

For some time now, rumors have suggested a drop in the exchange rate from 89,500 pounds per dollar to 50,000. However, Nassib Ghobril, Chief Economist at Byblos Bank, dismisses such claims as “not serious.” “The Lebanese pound has experienced a frenzied demand since the ceasefire and Thursday’s presidential election. Speculators started ...

With Assad gone, Syrian pound starts to recover

This is Beirut, 2024-12-16 13:45 - Reading : 2 minute(s)

Damascus USA dollar Syrian Pound

The Syrian pound has begun to recover against the dollar after president Bashar al-Assad's ouster, moneychangers and traders said Monday as foreign currencies again became available on the local market. On December 7 -- the day before Damascus fell to a rebel coalition led by the Islamist Hayat Tahrir al-Sham group – the rate had plunged to ...

Trump 2024 Sparks Optimism in Financial Markets

Christiane Tager, 2024-11-06 18:25 - Reading : 3 minute(s)

Donald Trump Dollar Elon Musk Oil prices

Global markets responded enthusiastically to Donald Trump’s victory as President of the United States. The US 10-year Treasury yield spiked above 4.4%, climbing 15 basis points overnight, while Wall Street opened with strong gains after the Republican win. Dow Jones futures surged 1,100 points pre-market, and Bitcoin broke past the $75,000 mark, ...

Dollar Soars, Bitcoin Hits Record as Trump Leads Key Swing States

This is Beirut, 2024-11-06 09:45 - Reading : 3 minute(s)

Donald Trump Republicans bitcoin dollar

The dollar surged and bitcoin hit a record high Wednesday as traders bet on a victory for Donald Trump as he picked up key swing states needed to take the White House, ramping up bets on fresh tax cuts, tariffs and rising inflation. While polls had shown the race on a knife edge, the Republican appeared to be faring better than his Democratic ...

The Notable Events of 2023

2023-12-31 17:26 - Reading : 7 minute(s)

2023 dollar

The year 2023 has been marked by numerous uncertainties and cautious optimism in Lebanon. The economic retrospective of the past year is largely shaped by the impacts of a series of economic and political upheavals. However, amidst the challenges, there have been positive developments. Let's reflect on some significant events. The Dollar Reaches ...

Dollar