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Category: Business

S. Korea’s Economy Contracts 0.2 Percent in Q2 2024

South Korea’s economy retreated in the second quarter of the year as weaker domestic demand clouded recovery prospects despite robust exports, South Korean central bank data showed Thursday.

The country’s real gross domestic product, a key measure of…

Oil Prices Rise at Settlement

Doha: Oil prices rose at settlement for the third consecutive session today, influenced by developments in the Middle East. Brent crude futures rose $3.56, or 3.42 percent, to settle at $107.77 a barrel. US West Texas Intermediate crude futures climbe…

Real Estate Trading Volume Exceeds QR 256 Million in Week

Doha: The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during the period from July 14 to 18, reached QR 236,365,454, while the total sales contracts for residential units in …

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…

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…

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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