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July 17, 2024

Dollar Eases Due to Possible Fed Rate Cuts

Singapore, The dollar was broadly weaker today after a modest but short-lived boost following better-than-expected US retail sales data, as traders focused on the prospect of Federal Reserve rate cuts as early as September.

The New Zealand dollar gai…

MSX Gains 2 Points

Muscat Stock Exchange (MSX) general index (30) today gained (2.2) points, comprising a rise by (0.05%) to close at (4656.58) points, compared to the last session, which stood at (4654.35) points.

The trading value today stood at (RO 2,939,736), compr…

Oman Oil Price Drops 19 Cents

Muscat, Oman oil price (September delivery 2024) today reached 83.62 US Dollars, comprising a drop by 19 cents compared to the price of yesterday (Tuesday) which stood at 83.81 US Dollars.

The average price of Oman oil (July delivery 2024) has stabil…

IMF raises 2024 growth outlook for Korea to 2.5%

SEOUL: The International Monetary Fund (IMF) said Tuesday it revised up the 2024 growth outlook for the Republic of Korea to 2.5 percent on the back of stable global economic expansion.

According to Yonhap News Agency, the latest projection marked a …