Saudi Aramco said on Sunday evening that Saudi Arabia raised the selling price of its Arab Light crude oil to Asia for the second month in April to $2.50 a barrel, above the average price of Oman and Dubai crude. The price increase, which is 50 cents a barrel above …

Gold prices fell on Monday as the dollar rose, with the release of a new set of data that reinforced fears that central banks around the world will continue to raise interest rates to contain inflation. GMT, after rising to its highest level since February 15 on Friday. US gold …

The dollar fell from the highest level in two and a half months against the yen on Friday and headed towards recording its first weekly loss since January against other major currencies as dealers try to determine the course of the Federal Reserve’s monetary policy. The yen, particularly sensitive to …

China opposes the United States adding several Chinese firms to its trade blacklist, China’s commerce ministry said on Friday. China urges the United States to stop using any excuse to suppress Chinese firms, the ministry said in a statement posted on its website. The U.S. Commerce Department, which oversees export …

Oil prices stabilized today, Friday, on their way to recording weekly gains, as renewed optimism about the recovery of demand from China offset the impact of growing recession fears due to the increase in US crude inventories and tightening monetary policy in Europe. And by 0936 GMT, Brent crude futures …

British finance minister Jeremy Hunt is set to extend subsidies for household energy bills for three months after April, the Times reported on Friday, in a move that should ease cost-of-living pressures in the country. It is scheduled to cut government support starting next month, which means that average annual …

Data on Friday showed German exports grew more than expected in January, rising 2.1 percent month-on-month after declining in December, thanks to strong demand from the United States and Britain. A Reuters poll had expected exports to rise 1.5 percent month on month. The data showed that exports to the …

European stocks opened higher on Friday, supported by the rise in interest-sensitive technology stocks, as investors flocked to riskier assets after comments from a Federal Reserve official that the US central bank may temporarily stop tightening monetary policy. The Stoxx Europe 600 index rose 0.5 percent in early trading, with …

Japan’s Nikkei share average closed at its highest level in nearly three months on Friday after US stocks ended higher overnight. The Nikkei index rose 1.56 percent to close at 27,927.47 points, its highest since December 15 and its biggest daily gain since January 18. The index rose 1.73 percent …

Official data showed on Friday that annual inflation in Turkey fell slightly to 55.18 percent in February, which was less than expected, following violent earthquakes that hit the southeast of the country and killed more than 45,000 people less than a month ago. The Turkish Statistical Institute said consumer prices …