Category: Business

Kuwait inflation up by 2.92 percent

Kuwait’s consumer price index (inflation), on an annual basis, grew on annual basis by 2.92 percent last August, according to the Kuwait Central Statistical Bureau (KCSB).

In a statement to KUNA on Wednesday, the bureau said the inflation rate rose …

Read More

US Stocks End Lower

The US stocks ended lower on Thursday.

The Dow Jones Industrial Average fell 57.88 points, or 0.14%, to 42,454.12.

The S and P 500 sank 11.99 points, or 0.21%, to 5,780.05.

The Nasdaq Composite Index shed 9.57 points, or 0.05%, to 18,282.05.

Sou…

Read More

Oil Prices Jump More Than $1

Oil prices jumped by over a dollar on Wednesday due to the development of the situation in the Middle East and fear of disruption of oil supplies.

Brent futures leapt $1, or 1.36%, to $74.56 a barrel, while US West Texas Intermediate (WTI) crude rose…

Read More

Dollar Firm Amid Geopolitical Tensions in Middle East

The dollar held its sharpest gain in a week on Wednesday, amid concerns over the situation in the Middle East.

The US dollar index rose about 0.5% overnight to 101.2, its largest rise since Sept. 25.

Early Asia moves were slight, leaving the euro be…

Read More