Category: Industry

US Economy Grows by 2.8 percent in Q2

The US economy grew by 2.8 percent in the second quarter of this year, after growing by 1.4 percent year-on-year in the first quarter.

Data from the US Department of Commerce released Thursday showed that the US economy grew more than expected during…

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Yen Rises, Main Japanese Stock Index Falls

The value of the Japanese currency rose to 152 yen against the dollar, benefiting from expectations that the Bank of Japan may normalize its monetary policy soon.

The Nikkei stock index logged on Thursday its biggest single-day point fall in eight ye…

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Oil Falls on Weak China Demand Concerns

Oil prices eased on Thursday due to concerns over weak demand in China, the world’s largest crude importer.

Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel.

US West Texas Intermediate crude slid 33 cents, or 0.4%, to $77…

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Kuwait Oil Price Down to USD 82.61 PB

Price of Kuwaiti oil dropped USD 1.29 to settle at USD 82.61 per barrel on Wednesday compared with USD 83.90 pb the day before, Kuwait Petroleum Corporation (KPC) said in on Thursday.

Globally, the price of Brent crude rose by 70 cents to USD 81.71 p…

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