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China Lodges Complaint with WTO Over Canada Steel Restrictions

China: China’s Ministry of Commerce announced Friday that it has filed a formal complaint with the World Trade Organization over Canada’s restrictions on steel imports and related products. The ministry accused Canada of disregarding WTO rules by impo…

Oman Oil Price Reaches $68.19 a Barrel

Muscat: The official price of Oman crude oil for October delivery today reached $68.19. The price of Oman crude oil today increased by $0.53 compared to Thursday’s price of $67.66.

According to Qatar News Agency, the monthly average price of Oman cr…

Dollar Holds Gains after Hot US Inflation Data Trims Fed Cut Bets

Doha: The US dollar held on to the previous session’s gains on Friday after stronger-than-expected inflation data prompted traders to scale back expectations for interest rate cuts by the Federal Reserve. The euro and sterling were steady against the …

Gold Slips as Strong US Inflation Data Eases Rate Cut Bets

Doha: Gold prices fell on Friday, heading for weekly losses, after higher-than-expected US inflation data reduced expectations for a major interest rate cut in September. Spot gold slipped 0.1% to $3,333.58 per ounce, down about 1.9% so far this week….