Economy




Bahrain ratings affirmed at BBB/A-2 on stable growth prospects

Standard & Poor’s Ratings Services affirmed its long- and short-term foreign and local currency sovereign credit ratings on Bahrain at BBB/A-2 on Friday. The outlook is stable.



Japan’s economy is expected to continue moderate recovery

TOKYO: The Bank of Japan on Friday held off expanding its stimulus program and said the world’s number three economy was recovering, despite fears a sales tax rise will dent growth.





Spain’s public debt hits record $1.34 trillion

MADRID: Spain’s public debt hit a new record in the first quarter of this year, reaching 96.8 percent of economic output, the central bank said on Friday.




Is Sterling running out of energy?

Sterling’s trend against the euro is one of sterling strengthening while against the US dollar it is moving sideways.



S. Africa union agrees to deal to end longest-ever mining strike

JOHANNESBURG: South Africa’s radical AMCU union on Friday said that it had agreed in principle to a deal to end the country’s longest-ever mining strike, a day after platinum producers announced the a



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