Oil Prices Steady after 7% Weekly Drop

Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world’s top oil importer, and an easing of concerns about potential supply disruptions in the Middle East.

Brent Crude futu…

QSE Index Drops 16.11 Points at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) dropped 16.11 points, or 0.15%, at the start of trading on Monday, down to the level of 10,598 points, compared to Sunday’s closing.

The index was weighed down by a decline in Insurance by 0.63%; …

Dollar Set to Extend Gains in Early Trade

The dollar extended gains on Monday amidst counting down to the US presidential election in two weeks, and rising bond yields.

The yen fell 0.2% to 149.26 against the dollar but remained near 150 against the greenback after briefly breaching that le…

China Cuts Market-based Benchmark Lending Rates

China on Monday cut its market-based benchmark lending rates, with the one-year loan prime rate (LPR) down to 3.1 percent from the previous reading of 3.35 percent.

According to the National Interbank Funding Center, over-five-year LPR, on which man…