Oil drops in early Wednesday trade
Oil dropped to nearly their lowest level since mid-March, as attention turned to a somewhat bearish report on US…
Shell to sell refinery in Singapore
Shell has agreed to sell its refinery and petrochemical assets in Singapore to a joint venture of Chandra Asri…
Dollar gains ground, yen weakens on Wednesday
The US dollar rebounded on Wednesday, extending gains after earlier losses triggered by renewed bets on Federal…
EGP stable against USD in Wednesday early trade
The Egyptian Pound (EGP) remained within Tuesday’s closing rates against the US Dollar (USD) on Wednesday, May 8,…
Thailand lowers growth forecast
Thailand's economic growth forecast dips to 2.2-2.7 per cent this year due to slow export recovery, down from a…
Fed may delay rate cuts to Sept. – Morgan Stanley
Investment bank Morgan Stanley pushed back its forecast for US Federal Reserve rate cuts to September from their…
Egypt’s non-oil private sector shrinks in April – PMI
Egypt's non-oil private sector experienced shrinkage, with April's S&P Global Egypt Purchasing Managers’ Index…
India eyes 7% growth, downplays inflation worries – advisor
India's top economic advisor stated the government sees no imminent threat of rising inflation and expects the…
Gold edges up despite Fed rate hike concerns
Gold prices inched higher in Asian trade on Wednesday, but gains were limited as recent comments from Federal…
Asian stocks mixed on Wednesday
Asian stocks closed with mixed results on Wednesday, as the dollar strengthened despite lower US Treasury yields.
