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Day: August 28, 2024

IAEA Chief Warns of Risk of Accident at Russian Nuclear Plant

Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi warned of the risk of a nuclear accident after visiting Russia’s Kursk nuclear power plant, stressing the “situation was serious.” “The danger or possibility of a nuclear…

Dollar Rises as Traders Seek Clues on US Rate Cuts

The dollar held near its lowest in more than a year against a basket of peers on Wednesday, with sterling trading just off multi-year highs, as markets focused on clues to the size of a widely expected US interest rate cut in September.

The Australi…

Oman, Belarus Discuss Cooperation in Agriculture, Fisheries

Minister of Agriculture, Fisheries and Water Resources of Oman Dr. Saud bin Hamoud Al Habsi met on Wednesday with Minister of Antimonopoly Regulation and Trade of Belarus Alexei Bogdanov, and his accompanying delegation, who is visiting Muscat.

Duri…

QSE Index Drops 10.78 Points at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) dropped 10.78 points, or 0.11%, at the beginning of trading on Wednesday, reaching 10,177 points, compared to yesterday’s closing.

QSE general index was weighed down by a decline in four sectors: …

China’s Central Bank Conducts $38.94 Billion Via Reverse Repos

China’s central bank conducted 277.3 billion yuan (about 38.94 billion US dollars) of seven-day reverse repos at an interest rate of 1.7 percent Wednesday.

The People’s Bank of China said in a statement that the move aims to keep liquidity reasonabl…

Tech, Insurance Stocks Lift STOXX 600 to Over 1-Month High

European shares touched a more-than-one-month high on Wednesday, boosted by technology stocks ahead of Nvidia’s results later in the day and as Ageas’ better-than-expected results lifted insurance stocks.

The pan-European STOXX 600 index rose 0.2 pe…

Oil Rebounds as Demand Concerns Whipsaw Investors

Oil rebounded on Wednesday after a sharp drop in the previous session ended a three-day streak of gains as investors have whipsawed worries about global fuel demand.

Brent crude futures were up 25 cents, or 0.31%, at $79.80 a barrel. US West Texas I…

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