The dollar hovered not far from a two-week high to the yen on Friday after its biggest one-day gain against major peers in four weeks as firm US economic data all but eliminated fears of a recession.
The greenback had been given an extra boost agains…
Oil prices edged lower on Friday, but were set for a second straight week of gains as optimism over a resilient US economy and falling interest rates pushed up hopes of improving demand.
Brent oil futures expiring in October fell 0.2% to $80.88 a bar…
Oil prices rose by more than a dollar Thursday, after US economic data eased fears of an imminent recession in the United States, the world’s largest economy, but continued concerns about slowing global demand limited gains.
Brent crude futures rose …
Gold prices rose Friday, heading towards achieving weekly gains, supported by increasing hopes for a US interest rate cut in September.
Gold rose in spot transactions by 0.6 percent to USD 2,471.79 per ounce, and rose by 1.7 percent since the beginni…
European stocks ended trading this week with strong gains, amid optimism following a series of positive US data.
The European Stoxx 600 index Friday rose 0.3 percent , recording its best weekly performance since May 6, as it increased by 2.4 percent …
Japanese stocks closed higher on Monday.
The Nikkei rose nearly 3 percent and posted its best weekly performance in more than four years after strong U.S. retail sales data eased concerns about a recession in the world’s largest economy and Japan’s b…
Maysan Governor “Habib Zaher Al-Fartousi” held an expanded meeting in the presence of a representative of the Prime Minister and representatives of the Ministry of Oil, the Department of International Contracts and Licensing, and the Directors of the …
China’s fixed-asset investment rose 3.6 percent year on year in the first seven months of 2024, data from the National Bureau of Statistics (NBS) showed Thursday.
The NBS said in a statement that the fixed-asset investment in the private sector total…