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News
China’s car exports surge as home market slumps
1+ day, 15+ hour ago (225+ words) China’s passenger car exports in the first eight months of this year already surpassed last year’s total, an industry association said Thursday, though domestic sales continued to decline. Passenger car exports in August jumped 67.1% from the year before to around…...
Oil ends higher on tight supply; US diesel hits record - Read Qatar Tribune on the go for unrivalled news coverage
1+ day, 14+ hour ago (309+ words) Oil prices remained on course for a weekly gain of more than 8%, while U.S. diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions. Brent crude futures settled at $104.61 a barrel, and…...
Trump’s economic boom hits the limits of reality
1+ week, 15+ hour ago (396+ words) President Donald Trump has spent 20 months promising that America was on the cusp of an economic boom. But Friday’s surprisingly positive jobs report ultimately provoked frustration from Trump. “Success does not cause inflation. Stupidity causes inflation,” Trump vented in the…...
Inflation data to set Wall Street’s tone
1+ week, 15+ hour ago (126+ words) The Wall Street will be awaiting cues from key inflation-related updates, the ECB’s policy review and some earnings reports this week. A day after the US Consumer Price Index (CPI) for August would be out. The CPI is a keenly…...
Diesel price hits all-time high in US amid Iran war woes - Read Qatar Tribune on the go for unrivalled news coverage
1+ week, 1+ day ago (566+ words) The price of diesel in the United States has reached a record high of $5.85 per gallon (3.9 liters) amid the war with Iran, despite President Donald Trump’s repeated claim that the US is in control of the Strait of Hormuz. The…...
Rising yields raise borrowing costs across global economy
1+ week, 4+ day ago (546+ words) Interest rates on government bonds are rising again around the world, making borrowing more expensive for consumers and businesses and heightening concerns about whether governments are issuing more debt than financial markets can handle. Rising bond yields are one of…...
Wall Street opens September lower on oil, inflation fears
1+ week, 5+ day ago (499+ words) Stocks fell on Wall Street Tuesday as oil prices continued climbing and stoked worries about stubbornly highinflation. The S&P 500 index fell 0.4 percent. The Dow Jones Industrial Average fell 164 points, or 0.3 percent, as of 10:51 am Eastern time. The Nasdaq composite…...
Stocks fall, oil rises as US-Iran conflict threatens energy supplies
1+ week, 6+ day ago (387+ words) The price of oil rose and stocks fell on Wall Street Monday after the US launched its first military action in a month against Iran. The S&P 500 index fell 0.4 percent. The Dow Jones Industrial Average fell 348 points, or 0.7 percent,…...
15th edition of the ‘Arabian Woman Exhibition’ kicks off
1+ week, 6+ day ago (228+ words) Under the auspices of the Qatari Businesswomen Forum at Qatar Chamber, the 15th edition of the Arabian Woman Exhibition opened Monday at the Doha Exhibition and Convention Center (DECC). The exhibition was inaugurated byAl Anoud Zayed Al Mohannadi, Director of Member…...
Warsh signals the Fed may need to raise rates
2+ week, 1+ day ago (829+ words) Federal Reserve Chair Kevin Warsh renewed his inflation-fighting credentials in a speech Frida y that opened the door to potential rate hikes in the coming months. In doing so, Warsh has put more pressure on the central bank to increase…...