The price of Kuwaiti oil went down 56 cents to reach $79.92 per barrel on Thursday, compared to $80.48 pb the day before, according to Kuwait Petroleum Corporation (KPC) on Friday.
On the global scale, the Brent crude futures’ contracts went up $1.28…
The Central Bank of China conducted 137.8 billion yuan (nearly $19.28 billion) of seven-day reverse repos at an interest rate of 1.7% on Friday.
The move aims to keep liquidity reasonable and ample in the banking system, the central bank said, accord…
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 …
Doha: August 14 – Data issued by the Qatar Stock Exchange revealed an increase in the profits of listed Qatari companies during the first half of 2024 by 5.5 percent to reach QR 25.730 billion, compared to nearly QR 24.386 billion riyals in the same p…