Saudi Arabia's Central Bank announced Wednesday it slashed the repurchase agreement (repo) rate by 50 basis points to 5.50 percent, and the reverse repo rate by 50 basis points to 5.00 percent. A statement from the bank said the move comes in line with its goal of maintaining monetary stability. Source: Qatar News Agency
U.S. Stock Indices Decline at Wall Street Close
New York:U.S. stock market indices saw a decline at the close of trading on Tuesday, with notable decreases across major