English News
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Dollar shelters under recession clouds as investors put safety first
KEY POINTS The dollar found support from investors worried about recession and seeking safety to hold just below a two-decade…
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Oil slides more than $1 as G-7 debate Iran nuclear deal, Russia
KEY POINTS Investors eyed the G-7 meeting this week for possible moves on Russian oil exports and…
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Gold rises as G-7 nations plan to ban bullion imports from Russia
KEY POINTS Gold prices gained on Monday, as news of some Western nations planning to officially ban imports of the…
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Egypt-Jordan trade exchange jumps 25% in 2021
The trade exchange value between Egypt and Jordan totaled $915.60 million in 2021, a 25% year-on-year (YoY) increase from $731.70…
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Gold edges higher as dollar slips, rate hike fears linger
Gold edged up on Friday as the dollar retreated and recession fears buoyed its safe-haven appeal, but looming interest rates…
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Oil settles up but posts weekly decline on recession fears
Oil prices settled up by more than $3 a barrel on Friday, supported by tight supply, but they notched their…
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U.S. dollar slides as markets re-evaluate Fed rate path
The U.S. dollar slipped on Friday and was on track for its first weekly decline this month, as traders dialed…
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European stocks log best session in more than 3 months; tech shares gain 3.8%
KEY POINTS Central banks last week made aggressive moves to rein in inflation, and investors are now hopeful that rising…
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Oil falls around 3% as investors eye U.S. Fed rate hikes
Oil prices tumbled around 3% on Wednesday as investors worried that rate hikes by the Federal Reserve…
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Gold dips on firmer dollar, Powell’s policy remarks
Gold prices fell on Thursday, weighed down by a stronger dollar and remarks from U.S. Federal Reserve Chair Jerome Powell…
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Oil extends declines as investors assess recession risks
A retreat in oil prices continued on Thursday as investors reassessed the risks of recession and how fuel demand will…
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European stocks fall as markets struggle to shrug off recession fears
KEY POINTS On the data front in Europe, flash estimates of French and German PMI (purchasing managers index) readings for…
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