Obama to meet with economic team on Tuesday

U.S. President-elect Barack Obama will meet with members of his economic team on Monday, including his nominee for treasury secretary and his pick to run the National Economic Council. Obama's transition office

Euro hits 2-month high above $1.37

The U.S. dollar hit a two-month low versus the euro and Asia stocks slipped on Tuesday, ahead of an expected 10th rate cut by the Federal Reserve since the financial crisis began

Asia stocks drift up, focus on Fed action

Asia stocks edged up on Tuesday and the dollar hit a two-month low against the euro, with investors eyeing what unorthodox policies the Federal Reserve may adopt along with an expected interest

Moody’s lowers outlook on four UAE banks

Moody's Investors Service has revised downwards the outlook on the ratings of four banks in the United Arab Emirates — Abu Dhabi Commercial Bank (ADCB), First Gulf Bank (FGB), and Dubai Islamic