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Category: Industry

Oil Prices Climb as Fall Estimated in US Crude Inventories

Oil prices climbed on Wednesday on estimates about shrinking US crude and gasoline inventories as the market watched for a possible widening of tensions in the Middle East, which could curtail global oil supplies.

Brent crude futures rose 30 cents to…

European stocks rise as traders wait for US inflation data

Paris, European shares rose in early trade on Wednesday after data pointing to softer inflation helped markets recover from last week’s meltdown, while traders hoped that U.S. inflation data later in the session would also be benign.

New Zealand’s ce…

Gold Prices Inch Lower as US Inflation Data Looms

Gold prices edged lower on Wednesday as investors remained on the sidelines ahead of a key US inflation print later in the day that could set the tone for the Federal Reserve’s September policy meeting.

Spot gold eased 0.2% to $2,460.87 per ounce. Pr…

Bahrain All Share Index marks 1,941.10 points

Manama, Bahrain All Share Index has closed at 1,941.10 points, marking an increase of 6.95 points above the previous closing.

This increase was due to the rise in the communication services sector, the financial sector and the material sector.

Bahra…

QSE Index Closes 0.37 Percent Higher

Doha: The Qatar Stock Exchange (QSE) general index closed at 10,108.200 points on Wednesday, 36.8 points (0.37 percent) up from its previous closing.

A trading volume of 102,423,699 shares was registered in 14,223 transactions in all sectors, with a …

Dollar Drops as Inflation Data Reinforces Bets on 2024 Rate Cuts

The dollar extended losses on Wednesday after falling against major currencies overnight as upbeat US producer price data reinforced bets on a rate cut this year.

Risk-sensitive currencies stayed strong after the unexpected softening in inflation buo…

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