U.S. Indexes hit near two-week high

August 14, 2024 7:10 PM

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U.S. Indexes hit near two-week high

U.S. indexes closed up on Tuesday and hit a near two-week high after softer producer prices data reinforced bets of an interest-rate cut by the Federal Reserve in September. Major US markets were trading in green. The Dow Jones Industrial Average finished up 1.04 percent, the broad-based S&P 500...

Indian Rupee closes at ₹83.94 against US Dollar

August 14, 2024 7:10 PM

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Indian Rupee closes at ₹83.94 against US Dollar

In the Forex market today, the Indian rupee closed at ₹83.94 against the US dollar. The dollar index, which measures the US dollar's strength against a basket of six other leading currencies, was up by 0.02 percent at 102.58 in intraday trade.

Oil prices rise slightly amid U.S. inventory drop and Israel-Gaza tensions

August 14, 2024 7:09 PM

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Oil prices rise slightly amid U.S. inventory drop and Israel-Gaza tensions

Oil prices rose slightly on Wednesday after an industry report showed U.S. crude and gasoline inventories fell and as the market watched for a possible widening of the Israel-Gaza war, which may impact global oil supplies. In the global crude market, Brent Crude was trading 0.43 percent higher at 81...

Indian investors lead foreign business expansion in the Emirate

August 14, 2024 5:35 PM

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Indian investors lead foreign business expansion in the Emirate

A recent analysis by the Dubai Chamber of Commerce reveals that Indian investors are at the forefront of foreign business expansion in the emirate, establishing 7,860 new companies during the first six months of 2024. This achievement places India at the top of the list for new non-Emirati companies...

Thai Constitutional Court removes PM Srettha Thavisin over breach of ethics 

August 14, 2024 5:22 PM

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Thai Constitutional Court removes PM Srettha Thavisin over breach of ethics 

Exactly a week after dissolving the main opposition Move Forward Party, Thailand's Constitutional Court today dismissed Prime Minister Srettha Thavisin from office over breach of ethics for appointing a former lawyer to his cabinet who had been jailed 16 years ago.      As many as 40 former Sen...