Data published by the British Office for National Statistics today, Friday, showed that the country’s gross domestic product did not witness any change in the last three months of 2022. Economists polled by Reuters had expected zero growth in the fourth quarter of the year. Last week, the Bank of …

Oil prices fell in early trading on Friday, February 10, but are heading towards recording political gains, as the market continues to oscillate between fears of a recession in the United States and hopes for a recovery in strong demand for fuel in China, the largest global importer. By 01:17 …

Russian news agencies quoted Deputy Prime Minister Alexander Novak as saying on Friday that there is a possibility that the country’s oil production will decline in 2023, as a result of pressure exerted by the European Union and the ceiling set by the Group of Seven for the price of …

The US dollar fell against most of the other major currencies on Thursday, moving in line with falling Treasury yields, as investors stuck to their views that the Federal Reserve does not need to raise interest rates too much because inflation is starting to get under control. In evening trading, …

There were 196,000 initial jobless claims in the week ending February 4, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 183,000 and came in slightly worse than the market expectation of 190,000. The publication revealed that …

Gold rose on Thursday, supported by the decline in the dollar, but prices are expected to be trapped in a limited range as traders await economic data, seeking indications about the path of the Federal Reserve to raise interest rates. And by 1029 GMT, spot gold rose 0.4 percent to …

Bloomberg News reported on Thursday that First Abu Dhabi Bank, the UAE’s largest bank, may renew a potential offer for British bank Standard Chartered once the freeze rules associated with its previous bid, which it retracted, expire. Standard Chartered shares jumped 9 percent after the report. A Standard Chartered spokesman …

European stocks touched a nine-month high on Thursday, supported by earnings data from companies including Germany’s Siemens and Britain’s AstraZeneca, which helped ease concerns raised by Federal Reserve officials after they stressed the need for more interest rate hikes. The Stoxx 600 index of European shares rose 0.8 percent by …

On Thursday, the dollar hovered near the average prices it recorded during the last period against the major currencies, while investors evaluated the comments issued by a number of Federal Reserve officials, as well as anticipating the consumer price inflation data scheduled to be published next week. The dollar index, …

Japan’s Nikkei closed lower on Thursday, retreating from its highest level in nearly two months, as the benchmark tracked the weak performance on Wall Street after investors had long been wary of higher US interest rates. The earnings season witnessed a mixture of winners and losers among the major companies. …