The US Department of Commerce said Friday that it signed a non-binding preliminary memorandum of terms (PMT) with Amkor Technology, Inc., to provide up to USD 400 million in proposed direct funding under the CHIPS and Science Act.
President Biden sig…
Gold prices fell more than 1% today as investors booked profits ahead of US economic data that could offer more cues on when the central bank will cut interest rates this year (2024) and by how much.
Spot gold fell 0.9 % to $ 2377.29 per ounce. US go…
Oil prices eased today 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 $77.26 pe…
The Republic of Korea’s economy unexpectedly slowed in the second quarter on softer private consumption and business investments, reinforcing expectations for a rate cut, but the central bank brushed off any excessive concern about the latest retreat …
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 today its biggest single-day point fall in eight years…
Oman oil price (September delivery 2024) remained steady today at 80.66 US Dollars, showing no change compared to yesterday Wednesday’s price.
The average price of Oman oil (July delivery 2024) has stabilized at 83.89 US Dollars per barrel, thus 5.41…
