Category: Business

Dollar Stands Tall as Fuel Oil Price Surge

Doha: The dollar held firm against most major currencies on Thursday as renewed US strikes on Iran revived safe-haven bids while surging oil prices boosted rate hike bets, keeping the Japanese yen under pressure. The dollar fetched 162.41 yen, hoverin…

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China’s Inflation Rate Rises by 1 Percent

Beijing: China’s consumer price index (CPI), a main gauge of inflation, rose 1 percent year on year in June, official data showed Thursday. The core CPI, which excludes food and energy prices, on a month-on-month basis, edged down 0.3 percent,

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