Oil prices climbed sharply on Monday as fresh attacks on Saudi energy infrastructure raised fears of tighter global supplies. At the same time, warnings from artificial intelligence leaders triggered a sell-off in technology stocks. The combination created a difficult session for investors. Brent crude moved back toward $110 a barrel after Saudi Arabia shut its… Continue reading Mideast Oil Supply: Prices Rise as AI Fears Hit Stocks
The Canadian dollar fell to a 12-day low against the U.S. dollar on Monday. The decline came as Canadian inflation data matched expectations and the U.S. dollar strengthened ahead of this week’s Federal Reserve interest rate decision. The loonie was trading 0.3% lower at C$1.3915 per U.S. dollar, equivalent to 71.86 U.S. cents. Earlier, it… Continue reading Canadian Dollar Falls to 12-Day Low on Inflation Data
British crypto investor Ben Delo has announced plans to donate a record £36 million ($48.7 million) to Nigel Farage’s Reform UK before Britain’s next general election. Delo said he plans to give the party £1 million each month as it prepares for the election, which is expected by mid-2029. He said the money would help… Continue reading Ben Delo Donates £36 Million to Reform UK
Oracle shares jumped 5.5% in premarket trading on Friday after the software and cloud computing company reported stronger-than-expected quarterly results. The figures helped ease investor concerns about the company’s heavy spending on artificial intelligence infrastructure. Oracle added more than $30 billion in new AI cloud contracts during its first fiscal quarter. As a result, its… Continue reading Oracle Shares Rise on AI Cloud Backlog
The Pakistan Stock Exchange (PSX) closed sharply lower on Thursday as heavy selling pushed the benchmark KSE-100 Index down by more than 3,000 points. The KSE-100 fell 3,078.55 points, or 1.79%, to close at 168,865.04. The index had ended the previous session at 171,943.59. The market remained volatile throughout the session. The index reached an… Continue reading KSE-100 Index: Benchmark Falls 3,078 Points
Saudi business confidence strengthened in August, with the official Business Confidence Index (BCI) rising to 56.7 points from 56.5 in July. The 0.2-point increase points to continued optimism among businesses operating in the country’s non-oil private sector. The latest reading remains comfortably above the key 50-point level. As a result, the index continues to indicate… Continue reading Saudi Business Confidence Rises to 56.7 in August
Brent crude oil prices climbed above $100 a barrel on Wednesday for the first time since July 24. The sharp rise came as escalating conflict in the Middle East raised fresh concerns about oil supplies from the region. Brent futures gained $2.15, or 2.2%, to reach $100.07 a barrel by 0721 GMT. At the same… Continue reading Brent Crude Oil Price Tops $100 Amid Middle East Conflict
The Japanese yen seven-month high has become a major focus for currency traders as expectations grow that the Bank of Japan could raise interest rates soon. The yen strengthened to as much as 152.89 per dollar on Tuesday. That marked its strongest level since February before the currency pulled back toward 154. The rally reflects… Continue reading Japanese Yen Seven-Month High
Pakistan has announced a sharp increase in the petrol price, adding Rs12.90 per litre to the cost of fuel. The Oil and Gas Regulatory Authority (OGRA) issued a notification confirming the latest change. Under the new rates, petrol will now cost Rs358.77 per litre. The price of diesel has also increased, although the rise is… Continue reading Pakistan Petrol Price Rises by Rs12.90
Oil prices continued to rise on Monday as fresh attacks by the United States and Iran on vessels increased fears of a prolonged supply disruption. Brent crude futures rose 52 cents, or 0.54%, to $96.80 a barrel by 2354 GMT. US West Texas Intermediate crude gained 66 cents, or 0.72%, to $92.14 a barrel. The… Continue reading Oil Prices Rise After US and Iran Strike Ships
