Saudi Arabia and the United Arab
Emirates, the Gulf's two largest economies, cut key interest
rates by 50 basis points on Tuesday, tracking an emergency move
taken by the U.S. Federal Reserve to soften the impact of the
Fidelity Investments said on
Tuesday operating profit in 2019 climbed 10% to $6.9 billion as
investors pushed their cash into money-market and passively
managed products while pulling billions of dollars from actively
managed stock funds.
A big victory by Bernie
Sanders in Tuesday's contests for the Democratic presidential
nomination could add volatility to a market already consumed by
the spread of the coronavirus and its economic fallout, analysts
and investors said.
Albania's government plans to
offer an amnesty to businesses that have failed to disclose
funds or made illegal gains for a fee, in an effort to formalise
and revive the economy, open firms' access to capital markets,
and plug a budget shortfall.
The International Monetary
Fund and the World Bank on Tuesday said they will adopt a
"virtual format" for their Spring Meetings in April instead of
convening in Washington, given concerns about the fast-spreading