Search
Close this search box.

Day: August 19, 2024

6-Magnitude Earthquake Hits Philippines

An earthquake measuring six magnitude on the Richter scale hit on Monday Northern Samar province in the Philippines.

The earthquake occurred 430 km from the town of Pambujan, at a depth of 10 km, the Philippine Institute of Volcanology and Seismology…

Gold Holds near Record High on US Rate Cut Optimism

Gold prices held steady on Monday near a record high scaled in the previous session, as rising expectations of a US interest rate cut next month lifted bullion’s appeal.

Spot gold edged 0.2% lower to $2,501.19 per ounce. Prices had surged to an all-t…

European Stocks Post Broad Gains

European stocks closed higher on Tuesday, supported by gains in retail and basic resources stocks as investors braced for a busy week of economic data.

The pan-European Stoxx 600 index closed up 0.6 percent, touching its highest level in more than th…

7% of Italian Population Lives in Areas without Bank Branches

Italy’s National Organization of Mountain Municipalities, Communities and Bodies (UNCEM) revealed that 7 percent of the Italian population lives in areas where there are no bank branches.

The Italian region of Piedmont recorded the largest number of …

European Shares Flat After Best Week in Three Months

European shares opened flat on Monday, following their best weekly jump in three months, as investors prepared for another data-heavy week, with focus on US Federal Reserve Chair Jerome Powell’s speech at Jackson Hole for interest rate cut clues.

The…

German Exports, Imports Decline in H1 2024

The Federal Statistical Office of Germany revealed Monday that its country’s exports and imports declined in the first half (H1) of 2024 on an annual basis.

The office stated that exports decreased by 1.6 percent to EUR 801.7 billion, while imports d…

Malaysia’s Economy to Grow by Over 5% in Q2

Several financial institutions have raised their expectations for Malaysia’s economic growth this year to more than 5 percent after it recovered in the first half of the year, with some institutions’ expectations exceeding government expectations.

Th…

CBK Announces New Bonds, Tawarruq Worth KD 240 Million

The Central Bank of Kuwait (CBK) announced on Monday the issuance of bonds and related tawarruq at a value of KD 240 million (about USD 792 million).

CBK said in a statement carried by Kuwait news agency (KUNA), that the securities bear a 4.375 perce…

S. Korea’s Exports Surge 13% Over Last Decade

The volume of South Korean exports increased by 13% over the past decade.

A report by the Federation of Korean Industries said that the value of exports grew from $559.6 billion in 2013 to $632.2 billion in 2023.

The data also indicated that South K…

Recent post's