Wall St rallies on gradual Fed tightening, improving economy

NEW YORK, Rabi’I 06, 1437, December 17, 2015, SPA — U.S. stocks rallied on Wednesday after the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade in a sign of confidence in the U.S. economy, according to Reuters.

Markets judged the Fed’s statement to be dovish, supportive of risk assets including equities. Defensive sectors of the market, recently hit in anticipation of the rate hike, were the best performers.

The Fed made clear that the 25-basis point rate hike was a tentative beginning to a “gradual” tightening cycle, and that in deciding its next move it would put a premium on monitoring inflation, which remains mired below target.

–SPA
00:35 LOCAL TIME 21:35 GMT
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Fed raises interest rates, citing ongoing U.S. recovery

WASHINGTON, , Rabi’I 06, 1437, December 17, 2015, SPA — The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis, according to Reuters.

The U.S. central bank’s policy-setting committee raised the range of its benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent, ending a lengthy debate about whether the economy was strong enough to withstand higher borrowing costs.

–SPA
00:31 LOCAL TIME 21:31 GMT
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SAMA raises reverse repo rate

Riyadh, Rabi’I 05, 1437, December 16, 2015, SPA — SAMA has decided to raise the reverse repo rate from 25 basis points to 50 basis points with immediate effect.

The repo rate remains unchanged at 200 basis points.

This decision was made in line with domestic and international financial market conditions.

–SPA
22:28 LOCAL TIME 19:28 GMT
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شركةGemaltoتحصد لقب الرائد العالمي ثلاث مرات في قطاعحلولتذاكرالنقل

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Man To Jump From Stratosphere With No Spacesuit, No Pressure Suit, No Oxygen And No Parachute Into Shark-Filled Waters In A Bid To Stop “Death By Dirty Water”

-Unless the World Votes To Save Him, He Faces Certain Death- LONDON, Dec. 16, 2015 /PRNewswire — Death Challenge, Inc., a new business venture that practices commercially sustainable philanthropy, announced today the official date of the most spectacular and perilous event ever to be broadcast live. Death Challenge 1, The Death Dive (http://DeathChallenge.com) will take […]

“جيزي” “GEZE”تعرض أحدث التقنيات لتعزيز أنظمة الدخول والسلامة والأمن للأبواب والنوافذ خلال معرض (BIG 5)

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