OQ SAOC announced its intention to offer up to 25% of its shares in OQ Exploration and Production (OQEP) Company (under transformation) through an initial public offering (IPO), on receipt of required approval from the Financial Services Authority (F…
Business
Dollar Rises Amid Focus on Fed Rate-Cut Outlook
The dollar recovered some lost ground today while the yen pared its safe-haven gains, as investors who were undecided on the scale of a Federal Reserve rate cut expected later this September 2024.
The onshore yuan was last 0.3 percent weaker at 7.11…
European Shares Rebound After Worst Week in over a Year
European stocks started the week higher, with investors awaiting economic data that could lead to a European Central Bank interest rate cut later in the week.
The pan-European STOXX 600 index was up 0.5 percent, after posting its worst weekly perfor…