Concerns about more interest rate hikes in the US cause oil futures to fall slightly.

Saudi Arabia's stock market falls amid fears about tighter monetary policies in the US.

The US Treasury reports a budget deficit of $39 billion for January.

Lebanon’s central bank is to significantly devaluate its currency as it tries to unify exchange rates.

The Pakistani rupee falls 9.6% against the dollar amid efforts by the government to secure IMF funding.

US Treasury Secretary Janet Yellen has warned that the United States could see a recession and "cause a global financial crisis" if it defaults on its national debt as lawmakers grapple over raising the debt limit.

Google's parent company Alphabet announced Friday it will cut about 12,000 jobs globally, citing a changing economic reality as it became the latest US tech giant to enact large-scale restructuring.