South Korea’s Industry Ministry said today that it has asked the country’s four major oil refiners to refrain from excessive price increases as part of efforts to combat lingering inflation.
Second Vice Industry Minister Choe Nam-ho made the remark d…
The dollar crept off five-week lows on Tuesday, as investors weighed the case for a September rate cut after comments by Fed Chair Jerome Powell.
The dollar index , which measures the US unit against six peers, was at 104.3.
The euro was at USD 1.08…
Doha: The net profits of Qatar Islamic Bank (QIB) increased by 5.6 percent in the first half of 2024 to reach QR 2.065 billion, compared to QR 1.955 billion in the same period in 2023.
Basic earnings per share for the six months ending June 30, 2024,…
China’s central bank conducted 676 billion yuan (USD 94.77 billion) of seven-day reverse repos at an interest rate of 1.8 percent Tuesday.
The central bank said that the move aims to offset the impacts of tax period and keep liquidity reasonable and …
Doha: The general index of Qatar Stock Exchange (QSE) dropped 7.01 points, or 0.07 percent, at the beginning of trading on Tuesday, reaching 10,189 points, compared to yesterday’s closing.
QSE general index was weighed down by a decline in three sect…
Gold prices rose Tuesday after statements by Chair of the Federal Reserve (US central bank) Jerome Powell strengthened the justifications for lowering interest rates in September 2024, while investors await more US economic data for other indicators a…