Dollar heads for weekly gain as yen nears 160 level
Dollar heads for a weekly gain as the yen nears 160 per dollar, with Japan intervention data and rate gaps in global market focus....
Tag : oil prices
Bank of Korea keeps rate at 2.5% for seventh hold
SEOUL: The Bank of Korea held its benchmark interest rate at 2.50% on Friday, extending a pause that began in July 2025 and marking a seventh straight policy meeting without a change, as policymakers weighed rising inflation pressure, weaker growth risks and heightened market volatility. The decision by the seven-member Monetary Policy Board......
Bahrain and UK review regional tensions and economic risks
MANAMA: Bahrain and the United Kingdom said after meetings in Manama that they had reviewed regional and international developments, with both sides emphasizing the security and economic fallout from the current crisis and the need to support stability. King Hamad bin Isa Al Khalifa met British Prime Minister Keir Starmer on Friday,......
Gold steadies as markets watch US-Iran talks
ISLAMABAD: Gold prices held steady on Thursday as investors weighed a fragile U.S.-Iran ceasefire, preparations for talks in Islamabad and a fresh round of U.S. inflation data that could shape the Federal Reserve’s next move on interest rates. The metal stayed range-bound after a volatile week in which easing fears over a wider......
Nikkei falls as caution returns to Tokyo stocks
TOKYO: Japan’s Nikkei share average fell on Thursday as investors pulled back after a powerful relief rally, with renewed concern over Middle East tensions and higher oil prices prompting a more defensive tone across the Tokyo market. The Nikkei 225 closed down 0.73% at 55,895.32, while the broader Topix lost 0.9% to 3,741.47.......
South Korea inflation hits 2.2% in March on oil surge
DAEJEON: South Korea’s consumer prices rose 2.2% in March from a year earlier, accelerating from 2.0% in February as higher oil costs pushed up transport-related prices, official data showed on Thursday. On a monthly basis, the consumer price index rose 0.3%, matching the pace seen in February. The reading placed inflation back......
Oil prices fall as Brent sinks 3% on US crude build and OPEC+ decision
Oil prices slipped as Brent crude dropped 3%, pressured by a sharp rise in US crude stockpiles and the OPEC+ decision to increase production....
Crude extends gains amid OPEC+ uncertainty and weaker U.S. dollar
Oil prices extended gains, settling above $72 a barrel as supply concerns, OPEC+ policy uncertainty, and a weaker U.S. dollar supported crude amid market volatility....
Global stocks surge as US debt ceiling agreement brings relief
Global stocks and oil prices surged on Monday as investors cautiously welcomed news of an agreement that could prevent a catastrophic default on US debt. Germany’s DAX and France’s CAC 40 showed early gains of 0.3% and 0.2%, respectively. In Asia, Japan’s Nikkei 225 reached a 33-year high, rising nearly......