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Category: Trading

Oman and Kazakhstan Forge Financial Cooperation Through MoU

Astana: The Sultanate of Oman, represented by the Financial Services Authority (FSA), and the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market have signed a Memorandum of Understanding (MoU) aimed at enhancin…

Oil Dips but Remains Near Month’s High

Muscat: Oil prices eased in Asia today but held near one-month highs, while traders looked ahead to an OPEC+ meeting over the weekend. Brent crude fell 19 cents, or 0.3%, to $68.95 a barrel. US West Texas Intermediate crude dipped 16 cents, or 0.2%, a…

Gold Extends Record Run as US Rate-Cut Bets Lift Appeal

New york: Gold prices extended their record run today, holding firm above the key $3,500 level, driven by growing investor confidence that the US Federal Reserve will cut interest rates in September. Spot gold was up 0.2% at $3,540.64 per ounce, and U…

European Stocks Rise as Bond Selling Stabilizes

Muscat: European stocks rose today, recovering after sharp losses suffered in the previous session, as selling in long-term bonds appeared to stabilize amid anticipation of US jobs data. The pan-European Stoxx 600 index climbed 0.4 percent to 545.35 p…

Japanese Stocks Close at 4-Week Low Amid Bank Stock Decline

Tokyo: Japanese shares ended at their lowest in nearly four weeks today, weighed down by a decline in bank stocks. The Nikkei lost 0.88 percent to close at 41,938.89, while the broader Topix slipped 1.07 percent to 3,048.89. Both indexes marked their …