Gold prices edged lower on Wednesday as the US dollar and Treasury yields strengthened, while traders awaited further cues to gauge the size of the Federal Reserve’s likely September interest rate cut.
Spot gold slipped 0.2% to $2,385.60 per ounce, a…
Oil prices slipped in early Asian trading on Wednesday following a brief rebound in the previous session after industry data showed an unexpected build in US crude oil and gasoline inventories, offsetting global oil supply concerns.
Brent crude futur…
South Korea posted its largest current account surplus in about seven years in June, driven by robust exports led by semiconductors, central bank data showed Wednesday.
The country’s current account surplus reached $12.2 billion in June, marking a su…
The dollar was steady on Wednesday, dragging the yen away from a seven-month peak as currency markets regained a semblance of calm in a week that began with a massive shakeout in assets driven by recession fears and unwinding of popular carry trades.
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China’s total goods imports and exports expanded 6.2% year-on-year in the first seven months of 2024 to 24.83 trillion yuan ($3.46 trillion), official data showed on Wednesday.
The country’s exports rose 6.7% year-on-year to 14.26 trillion yuan durin…
Basra Heavy and Medium crude prices recorded a rise today, Wednesday, coinciding with the rise in oil prices in global markets.
Basra Heavy crude prices rose 76 cents to reach $ 72.15, and Basra Medium crude prices rose 76 cents to reach $ 75.5.
Oil…
The main Saudi Stock Exchange Index closed Wednesday, up by 50.55 points to reach 11,729.71 points, with trades worth SR 6.9 billion.
The volume of traded shares reached 311 million shares, with the shares of 169 companies recording an increase in th…
Oil prices rose on Wednesday from their lowest levels in several months, amid concerns that production will be affected by rising tensions in the Middle East.
Brent crude futures rose in European markets by $1.10, or 1.4 %, to $77.58 a barrel, while …