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Month: September 2024

European Shares Rebound After Worst Week in over a Year

European stocks started the week higher, with investors awaiting economic data that could lead to a European Central Bank interest rate cut later in the week.

The pan-European STOXX 600 index was up 0.5 percent, after posting its worst weekly perfor…

Dollar Rises Amid Focus on Fed Rate-Cut Outlook

The dollar recovered some lost ground today while the yen pared its safe-haven gains, as investors who were undecided on the scale of a Federal Reserve rate cut expected later this September 2024.

The onshore yuan was last 0.3 percent weaker at 7.11…

25pc of OQEP Shares to Go on IPO

OQ SAOC announced its intention to offer up to 25% of its shares in OQ Exploration and Production (OQEP) Company (under transformation) through an initial public offering (IPO), on receipt of required approval from the Financial Services Authority (F…

Death Toll from Typhoon Yagi in Vietnam Rises to 24

At least 24 people have died, and 299 others have been injured over the past two days due to Typhoon Yagi, the strongest storm to hit northern Vietnam in the past 30 years.

The storm has been followed by landslides and flooding in northern Vietnam.
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Sharks Deserting Coral Reefs as Oceans Heat Up: Study

Sharks are abandoning their coral reef habitats due to rising ocean temperatures; a new study reveals. Researchers tracked over 120 grey reef sharks in the Chagos Archipelago from 2013 to 2020.

They found that during periods of heightened ocean stre…