Crude oil declined in early trade on Tuesday, after China reported subdued GDP growth in 2024.
Global crude benchmark Brent was down 0.67 to $84.28 per barrel.
The US West Texas Intermediate (WTI) crude was trading at $81.32 per barrel, lower by 0.7…
Doha: The Commercial Bank (P.S.Q.C.) announced Tuesday its financial results for the half year ended June 30, 2024.
In a statement published on Qatar Stock Exchange website, the bank reported a net profit of QR 1,571.0 million as compared to last yea…
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) experienced a slight decline at the start of trading on Sunday, slipping by 7.04 points, or 0.07%, to settle at 10,608 points from its previous close.
According to Qatar News Agency, the QSE inde…
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…
South Korea’s car exports hit a fresh high in the first half of 2024, data showed Tuesday, amid growing global demand for hybrid models.
The combined value of car shipments reached US$37 billion in the January-June period, up 3.8 % from a year earlie…
Oil prices fell by more than 1 percent on Tuesday due to concerns over a slowdown in the Chinese economy, which is impacting demand, despite growing consensus that the US Federal Reserve may start cutting interest rates in September.
Brent crude futu…