Browsing: markets

LONDON – Oil prices edged higher on Friday, but headed for their steepest weekly loss in three months as uncertainty about demand and high interest rates drove a sell-off limited by the prospect OPEC+ will continue to curb output.

Gold prices were poised for a second straight weekly decline, although bullion held nearly steady on Friday as investors remained cautious ahead of the U.S. non-farm payrolls data that could provide cues on the Federal Reserve’s rate cut timeline.

MOSCOW, May 2. /TASS/. The dollar exchange rate has grown by 69.5 kopecks on Wednesday’s close, trading at 93.75 rubles on the Moscow Exchange as the trade opened on Thursday.

MOSCOW, May 2. /TASS/. Global Russia Manufacturing PMI (business activity index for the Russian manufacturing industries) fell to 54.3 points in April from 55.7 points in March, according to a study by S&P Global.

A total of 290 tonnes of gold were purchased around the world between January and March, marking the largest purchase ever made during the first quarter of any year, the World Gold Council reported on Tuesday.

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward momentum for the second consecutive day, gaining 25 points to close at 12,394.91. 

Saudi oil giant Aramco inked agreement to buy 40 percent stake in Gas and Oil Pakistan Ltd. in December 2023 

RIYADH: Top hospitality brands signed deals at the Future Hospitality Summit in Riyadh to capitalize on the opportunities available in the Kingdom.

SINGAPORE: Oil edged down on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanding conflict in the Middle East, while worries about the outlook for US interest rates dragged on the market, according to Reuters.

Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips.