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Category: Industry

Dollar Holds Near Two-Month High

The dollar index, which measures the currency against six key rivals, stuck close to an almost two-month top touched overnight, as traders further pared bets for US rate cuts this year after last week’s unexpectedly strong payrolls data.

The US dolla…

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Kuwait Oil Price Down USD 1.50

Price of Kuwaiti oil dropped USD 1.50 to settle on USD 77.62 per barrel on Wednesday compared to USD 79.12 pb on Tuesday, Kuwait Petroleum Corporation (KPC) said on Thursday.

Globally, price of Brent crude dropped by 60 cents to USD 78.58 pb, while W…

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US Stocks Close Higher Wednesday

Wall Street’s main indexes closed higher on Wednesday.

The S and P 500 gained 40.45 points, or 0.70%, to end at 5,791.58 points.

The Nasdaq Composite .IXIC gained 108.91 points, or 0.60%, to 18,291.82.

The Dow Jones Industrial Average .DJI rose 432…

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