The US Federal Reserve’s favored inflation measure eased further in June, according to government data published Friday, in more good news for policymakers ahead of next week’s interest rate decision.

U.S. prices rose moderately in June, underscoring an improving inflation environment that potentially positions the Federal Reserve to begin cutting interest rates in September.

SEOUL — Saudi Vice Minister of Commerce and CEO of the National Competitiveness Center (NCC) Dr. Eman Al-Mutairi noted that the Kingdom allows 100% foreign ownership in most business sectors, a significant factor in attracting international investment.

LONDON: The London Metal Exchange has approved the Red Sea port city of Jeddah in Saudi Arabia as a warehouse delivery point for copper and zinc, it said on Monday.

RIYADH: The Saudi Authority for Industrial Cities and Technology Zones, known as MODON, has signed nine contracts valued at over SR1 billion ($266.5 million) with the private sector to improve service facilities and infrastructure across various industrial hubs.

SINGAPORE: Oil prices fell on Tuesday, extending losses from the previous session amid concerns about demand in China, the world’s largest crude importer, while the market shrugged off the risk of conflict escalating in the Middle East.