Economy
US President Donald Trump signed a pair of orders to soften the blow of his auto tariffs on Tuesday with a mix of credits and relief from other levies on materials, and his trade team touted its first deal with a foreign trading partner. The developments helped eased some investor
Economy
Crude oil prices fell on Tuesday as investors lowered their demand growth expectations due to the ongoing trade war between the US and China, the world’s two biggest economies. Brent crude futures fell by 78 cents, or 1.18 percent, to $65.08 per barrel by 10:49 a.
Economy
Oil prices ticked up on Thursday after falling nearly 2 percent in the previous session, with investors weighing a potential OPEC+ output increase against conflicting tariff signals from the White House and ongoing US-Iran nuclear talks. Brent crude futures rose 8 cents, or 0.12 percent, to $66.20 a
Economy
Oil prices retreated on Thursday as US President Donald Trump ramped up a trade war with China, even as he announced a 90-day pause on tariffs aimed at other countries. Brent futures fell 39 cents, or 0.6 percent, to $65.09 a barrel by 9:30 a.m. Saudi
Economy
Oil prices fell further in early Asian trade on Friday, and were on track for the worst week in months over US President Donald Trump’s new tariffs, stoking concerns over a global trade war that could weigh on oil demand. Brent futures fell 60 cents, or 0.86 percent,
Economy
Oil prices steadied in thin trading on Wednesday after falling in the previous session on concerns that new US tariffs, set to be unveiled at 11:00 p.m. Saud time, may deepen a global trade war that could limit crude demand. Brent futures were unchanged at $74.49 a
Economy
Gold hit a record high and was set to post its biggest quarterly gain in over 38 years on Monday, as concerns over US President Donald Trump’s tariff plans widening the global trade war and triggering an economic slowdown boosted bullion’s appeal. Spot gold jumped 1.1 percent
Economy
US President Donald Trump declared on Saturday that he “couldn’t care less” if automakers increase car prices for Americans in the wake of his imposition of import tariffs. There have been reports that Trump threatened auto executives with reprisals if prices jump, but he told NBC News that increasing
Economy
Gold prices fell on Friday, but were poised for a third straight weekly gain, bolstered by safe-haven demand amidst geopolitical and economic uncertainties as well as anticipation of US Federal Reserve rate cut later this year. Spot gold was down 0.3 percent at $3,034.02 an ounce as
Economy
Oil prices traded higher on Monday after the US vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its assaults on shipping. Brent futures rose 48 cents, or 0.7 percent, to $71.06 a barrel by 9:54 a.m. Saudi time, while US West Texas
Economy
Global ratings agency S&P raised Saudi Arabia’s rating to ‘A+’ from ‘A’ with a stable outlook on Friday, underpinned by the ongoing social and economic transformation in the country. Fitch said the country’s Vision 2030 project provides some flexibility in managing capital expenditure and debt issuance.
Economy
The International Monetary Fund on Thursday welcomed the new Lebanese government’s request for support in addressing severe economic challenges. Lebanon in January elected a new president after a more than two-year vacuum, and then formed a government led by Prime Minister Nawaf Salam. In February the IMF said it
Economy
Oil prices edged up on Wednesday, buoyed by a weaker dollar, but mounting fears of a US economic slowdown and the impact of tariffs on global economic growth capped gains. Brent futures rose 51 cents, or 0.7 percent, to $70.07 a barrel at 7:30 a.m. Saudi
Economy
India’s trade minister Piyush Goyal started on a trip to the United States on Monday to pursue trade talks, two government officials said, with weeks to go for President Donald Trump’s planned reciprocal tariffs. Goyal’s visit was sudden, as he departed after canceling previously scheduled meetings until
Economy
Samir Al-Baghdad grabbed his pickax and walked up a wobbly set of stairs made of cinderblocks and rubble. He is rebuilding his destroyed family house in the Qaboun neighborhood near Damascus, Syria ‘s capital. The traditional building, which once housed his family, parents and some relatives, had a courtyard decorated
Economy
Afghanistan’s trade has doubled since the Taliban took over in 2021, the latest government data shows, but experts warn there is no evidence of economic growth as the import-export deficit continues to soar amid Western-imposed sanctions. In 2024, Afghanistan’s trade value reached over $12.4 billion, more than