Muscat: China’s auto output and sales reported double-digit increases in the first four months of the year (2025), indicating vibrant domestic consumption despite global uncertainties. Auto production stood at nearly 10.18 million units in the period,…
Business
Dollar Edges Lower Amid Sustained Tariff Deal Hopes
Muscat: The US dollar today edged lower but retained most of its recent gains, buoyed by ongoing optimism over a potential tariff agreement between the United States and China. The Chinese yuan climbed to a six-month high, reaching 7.1855 against the …
Oil Prices Ease from Two-Week High After US-China Tariff Agreement
Muscat: Oil prices eased today from a two-week high reached during the previous session after the US and China agreed to temporarily slash tariffs. Brent crude futures dropped 14 cents, or 0.2%, to $64.82 per barrel. US West Texas Intermediate (WTI) c…