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European Stocks Fall as US Reciprocal Tariffs Take Effect

Doha: European stocks fell on Wednesday as the US tariffs took effect, exacerbating concerns about the economic damage caused by the trade war, which has even extended to the bond market. The STOXX Europe 600 index fell 2.5%, erasing the previous sess…

Dollar Slips on Yen, Swiss Franc, and Yuan Falls

Tokyo: The dollar lost 0.7% to 145.23 yen, heading back toward the recent six-month trough of 144.55 on Wednesday, amid growing concerns in global markets about the possibility of the imminent imposition by the US of 104% tariffs on China spooked worl…

Saudi Energy Minister Announces New Gas, Oil Discoveries

Doha: Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz announced Wednesday the discovery of natural gas fields and other resources in the Eastern Province and the Rub’ Al Khali. The Saudi Energy Minister highlighted that Aramco has made…