Month: October 2024

Oil Prices Steady as US Crude Inventories Fall

Oil prices stabilized on Wednesday on industry data showing a surprise drop in US crude and gasoline inventories, following two previous sessions of losses on the prospect of hostilities easing in the Middle East.

Brent crude futures gained 21 cents…

Read More

S. Korea’s New Car Sales Dips to 11-Year Low

New automobile sales in South Korea during the first nine months of the year fell over 8% from a year earlier amid high borrowing costs and a slowdown in global electric vehicle demand, South Korean industry data showed Wednesday.

According to the d…

Read More

QSE Index Drops 42.28 Points at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) dropped 42.28 points, or 0.40%, at the start of trading on Wednesday, down to the level of 10,548 points, compared to yesterday’s closing.

QSE index was weighed down by a decline in six sectors: T…

Read More

Dollar Steady ahead of US Jobs Data

The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for US monetary policy.

The US dollar index, which measures the currency against six major rivals including the yen and euro,…

Read More

Kuwait Oil Price Down $1.14 to $71.14

The Kuwaiti oil price fell $1.14 to $71.14 per barrel on Tuesday, compared with $72.28 pb on Monday, Kuwait Petroleum Corporation (KPC) said on Wednesday.

Globally, Brent crude went down by 30 cents to $71.12 pb, and West Texas Intermediate crude fe…

Read More

Japanese Stocks Rise Supported by Technology Shares

Japanese stocks ended higher Wednesday for the third straight day on buying of technology shares.

The 225-issue Nikkei Stock Average ended up 373.71 points, or 0.96 percent, from Tuesday at 39,277.39.

The broader Topix index finished 21.70 points, …

Read More