May 8, 2025

China’s Central Bank Lowers Reverse Repo Rate by 0.1%

Beijing: The People’s Bank of China (PBOC), the country’s central bank, has announced a reduction in the rate for the seven-day reverse repos by 0.1 percentage points as part of its efforts to inject liquidity into the banking system. According

Kuwait Oil Price Up USD 3.1%

Doha: Kuwait crude oil rose USD 1.97, or 3.1%, during Wednesday’s trading to reach USD 64.05 per barrel (pb) compared with USD 62.08 pb the day before, Kuwait Petroleum Corporation (KPC) said Thursday. According to Qatar News Agency, Brent futures

European Shares Rise on Hints of ‘Major’ Trade Deal

Doha: European shares climbed on Thursday after US President Donald Trump signalled progress toward a first trade deal in his global tariff dispute, boosting market sentiment. The pan-European STOXX 600 index was up 0.3%. Other regional indexes were also trading

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