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August 29, 2024

Oil Edges Up as Lower-Than-Expected US Stock Draw

Oil prices edged up on Thursday after two sessions of losses, with a smaller-than-expected draw in US crude inventories that sapped demand expectations.

Brent crude futures climbed 9 cents, or 0.11%, to stand at $78.74 a barrel, while US West Texas I…

S. Korea’s SK Hynix Develops World’s First 6th-Gen DRAM Chip

South Korea’s SK hynix, the world’s second-largest memory chip maker, said Thursday it has developed the world’s first 16 gigabyte DDR5 chip using the sixth generation of the 10 nanometer chipmaking technology.

According to SK hynix, the new product …

US Stocks End Lower

US stocks ended lower at the end of the trading session on Tuesday.

The S and P 500 .SPX lost 41.98 points, or 0.72%, to end at 5,817.87 points, while the Nasdaq Composite .IXIC lost 180.26 points, or 0.97%, to 18,322.42.

The Dow Jones Industrial Av…

Minister of Finance Meets Portugal’s Minister of Economy

Doha: HE Minister of Finance Ali bin Ahmed Al Kuwari met with HE Minister of Economy of the Portuguese Republic Pedro Reis.

During the meeting, they discussed strengthening and expanding bilateral relations between the two countries, especially in th…