Browsing: Stocks

The yen, weakened by the Japanese government’s easy monetary policy, hit a 38-year low against the dollar on Wednesday, sparking speculation about a new intervention by authorities.

NEW YORK – A gauge of global stocks declined for a second straight session on Friday, weighed down by weakness in technology shares, while the dollar hit its highest level since early May as a gauge of U.S. business activity edged up to a more than two-year high.

The dollar index, which measures the currency against six others, was up 0.2% at 105.81 in New York afternoon trading

In the UAE, the growth of Nasdaq, fuelled by AI advancements, seems to have a positive ripple effect on the country

LONDON – Shares steadied on Monday while the euro remained on the defensive amid political turmoil in Europe, as investors look for direction from a string of central bank meetings in the region this week as well as fresh U.S. economic data.

The Moscow Exchange (MOEX) suspended trading in dollars and euros on Wednesday, the move having been prompted by a new sanctions package unveiled by the US Treasury earlier in the day.

The share of settlements in the currencies of ‘unfriendly’ states has halved, according to the Russian president

RIYADH: Saudi Arabia is set to raise over $11.2 billion by selling shares in oil giant Aramco to fund its spending plans, after pricing its stock at SR27.25 ($7.27), the company announced.

Russian stock indices ended the trading session on Tuesday with recovering growth, according to market data.

NEW YORK – The dollar was lower on Friday and on track for its first monthly decline in 2024 after data showed U.S. inflation rose in line with expectations in April, offering little clarity on how soon the U.S. Federal Reserve will be able to cut interest rates.