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Category: Business

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…

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…

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…

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 …

Oil Prices Fall Amid Concerns Over Weak Demand in China

Oil prices fell in early Asian trading on Monday as market sentiment was weighed by fears about weak demand in China, world’s top oil importer.

Brent crude futures dropped 13 cents, or 0.2 percent, to USD79.55 a barrel. West Texas Intermediate crude …

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…

Oman Oil Price Declines USD 1.24

Oman oil price (October delivery 2024) today reached USD 77.84, comprising a decline by USD 1.24, compared to the price of last Friday, which stood at USD 79.08.

The average price of Oman oil (August delivery 2024) stabilized at USD 82.50 per barrel,…

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…

Oman Central Bank Issues Treasury Bills Worth OR 27 Million

Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 27 million.

The OCB explained, in a statement Monday, that the value of the bills allocated for a maturity period of 28 day…

Germany’s Manufacturers Order Backlog Falls in June

Germany’s manufacturers order backlog fell for the sixth month in a row in June, in another sign of the sluggish state of Europe’s largest economy.

According to the German Federal Statistical Office, German manufacturers saw a 0.2 percent decrease in…

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