Market

Dollar Eases Due to Possible Fed Rate Cuts

Singapore: The dollar was broadly weaker on Wednesday after a modest but short-lived boost following better-than-expected US retail sales data, as traders focused on the prospect of Federal Reserve rate cuts as early as September.

The New Zealand dol…

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European Stocks Open Lower Amid Tech Sector Decline

Brussels: European stocks opened lower for the third consecutive session on Wednesday, driven by a decline in the technology sector.

The Stoxx 600 index dropped 0.3 percent, with the tech sub-index falling 1.9 percent.

Dutch semiconductor company AS…

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Oil Prices Return to Rise Upon Settlement

New York: Oil prices rose at settlement at the end of Wednsdays trading, after three consecutive days of losses.

Brent crude futures contracts recorded an increase of $1.35, or 1.61 percent, to reach $85.08 per barrel upon settlement.

US West

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