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Category: Industry

US Stock Indexes Open Lower as Trading Commences

New york: Major US stock indexes opened lower on Monday. The Dow Jones Industrial Average fell 9.5 points, or 0.02 percent, to 51,555.19 at the opening bell. The S and P 500 slipped 0.1 point to 7,500.44. The Nasdaq Composite declined 34.6 points, or …

China Imposes Trade Restrictions on 10 US Entities

Beijing: China announced Monday the inclusion of 10 US entities, including Aveox, Inc., to the export control list in accordance with the nation’s export control law and regulations on export control of dual-use items. The measure was taken to safegua…

Dollar Holds Steady, Yen Declines Against Dollar

Doha: The dollar held steady Monday following the conclusion of the first round of talks between the United States and Iran. The British pound fell 0.21% to $1.32103, while the euro pared earlier losses to $1.14647. The risk-sensitive Australian dolla…

Gold Rebounds From Over One-Week Low Amidst US-Iran Peace Talks

Gold: Gold rebounded from a more than one-week low on Monday as oil prices fell on signs of progress in US-Iran peace talks, though expectations of higher interest rates after hawkish Federal Reserve signals weighed on the metal’s outlook.

According…

Oil Prices Dip as US-Iran Talks Conclude in Switzerland

Geneva: Oil prices slid on Monday following the conclusion of US-Iran talks in Switzerland.

According to Qatar News Agency, Brent crude experienced a decrease of $1.53, or 1.90%, settling at $79.04 a barrel. This decline came after an initial rise t…

China’s LPR Remain Unchanged

Beijing: China’s one-year loan prime rate (LPR), a market-based benchmark lending rate, stood at 3% on Monday, unchanged from the previous month.

According to Qatar News Agency, the over-five-year LPR, on which many lenders base their mortgage rates…

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