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Korea’s Economy Contracts 0.2 Pct in Q2, 2024

South Korea’s economy retreated in the second quarter of the year amid weaker domestic demand, while exports remained solid.

The country’s real gross domestic product, a key measure of economic growth, contracted 0.2 percent on-quarter in the April-J…

European Stocks Fall for Fourth Straight Session

European stocks fell for the fourth straight session at the start of trading Thursday, with investors awaiting economic data from the euro zone, as well as jobs data in the United States, for indications on the path of US interest rate cuts.

The pan-…

Oil Prices Rise 1% As OPEC+ Delays Output Increase

Oil prices rose nearly 1% on Thursday, amid a larger-than-expected drawdown in US inventories and OPEC+ delaying an output increase.

Brent crude futures rose 89 cents, or 1.2%, to $73.59 a barrel, while US West Texas Intermediate (WTI) crude futures …