interest rates - Iraq Bulletin

Chinese Yuan hits record lows against surging US dollar

adminMay 9, 2023May 9, 2023

May 9, 2023May 9, 2023

The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China’s domestic currency hitting its weakest level since the 2008 global financial crisis. This depreciation comes as the dollar continues to rise against other major currencies due......

Business

Tech giant Apple’s savings account hits $1 billion milestone in record time

adminMay 2, 2023May 2, 2023

May 2, 2023May 2, 2023

Apple Inc., the Cupertino-based tech behemoth, has garnered unprecedented attention with the recent launch of its Apple Card Savings Account. The introduction of this financial innovation has seen an impressive inflow of nearly $1 billion in deposits within the initial four days of the offering. This landmark achievement is particularly......

Business

Gold prices hold steady near one-year high as Fed rate pause looms

adminApril 14, 2023April 14, 2023

April 14, 2023April 14, 2023

Gold prices remained close to one-year highs on Friday, fueled by recent US economic data that suggested the Federal Reserve may be nearing the end of its rate-hiking cycle. This drove non-yielding bullion towards a second consecutive weekly increase. Spot gold was last down 0.78% at $2,023.77 per ounce, with......