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October 28, 2024

Dollar Rises Supported by US Bond Yields

The dollar rose Monday, supported by a rise in US Treasury yields, while the yen fell to a three-month low.

In the Asia session, the yen weakened as far as 153.88 per dollar and 166.06 per euro, on both counts the softest since late July. The yen was…

Kuwait Bourse Closes Higher

Kuwait Bourse closed Monday trading as the All Share Index gained 9.38 points to reach 7,097.10 points, an increase of 0.13 percent.

As many as 474 million shares valued at KWD 84.2 million (roughly USD 256.8 million) were traded via 20,224 transacti…

Oil Prices Slump more than 4%

Oil prices tumbled more than $3 a barrel on Monday amid geopolitical tensions in the Middle East.

Both Brent and US West Texas Intermediate crude futures hit their lowest levels since Oct. 1 at the open. Brent was at $72.88 a barrel, down $3.17, or 4…