Stocks Nasdaq hits two-week low in megacap tech, chip stocks rout The Nasdaq slumped nearly 2% to a two-week low on Wednesday, accompanied by losses on the S&P 500, as major chip... Published 17 Jul, 2024 07:45pm
Stocks Sri Lanka shares fall as communication services stocks drag CSE All Share index was down 0.41% at 11,830.48 Published 17 Jul, 2024 06:34pm
Stocks Most Gulf markets end higher on rising US rate-cut optimism Most stock markets in the Gulf ended higher on Wednesday, as comments from U.S. Federal Reserve officials boosted... Published 17 Jul, 2024 06:17pm
Financial World Bank eyes first ‘drought’ bond in next 12-18 months LONDON: The World Bank is looking to issue its first drought bond in the next 12-18-months and broaden its offering... Published 17 Jul, 2024 04:57pm
Commodities Copper firms slightly as dollar slump counters China demand fears LONDON: Copper prices edged higher on Wednesday as a slide in the dollar countered worries about weak demand in... Published 17 Jul, 2024 04:51pm
Commodities Palm oil extends gains on higher export estimates; firmer ringgit caps rise KUALA LUMPUR: Malaysian palm oil futures rose for a second consecutive session on Wednesday, buoyed by higher export... Published 17 Jul, 2024 04:49pm
Commodities Gold soars to record as US rate-cut bets burnish appeal Gold prices jumped to an all-time peak on Wednesday, driven by mounting hopes of a U.S. interest rate cut in... Updated 17 Jul, 2024 05:23pm
Energy Oil prices gain 1% on big US storage withdrawal, weaker US dollar NEW YORK: Oil prices climbed about 1% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles... Updated 17 Jul, 2024 08:48pm
IMF maintains 2024 global growth forecast WASHINGTON: The IMF held its global growth expectations for 2024 steady in a report Tuesday even as it cut forecasts... Published 17 Jul, 2024 02:42am
Interest Rates US Fed official suggests apt to cut rates sooner if layoffs rise WASHINGTON: A senior US central bank official said in remarks prepared for delivery Tuesday that it might be apt to... Published 17 Jul, 2024 12:15am