October 1, 2024

European Shares Steady Ahead of Key Regional Inflation Data

European shares were largely steady on Tuesday ahead of key inflation data for the region later in the day.

The pan-European STOXX 600 (.STOXX), was steady at 522.97 after it logged its worst day in over a week on Monday.

Tech stocks (.SX8P), opens …

Gold Rises, Hovers Below Recent Record Peaks

Gold prices rose on Tuesday, but hovered below recent record peaks after the US Federal Reserve chair tempered expectations for more substantial interest rate cuts this year.

Spot gold was 0.3% higher at $2,641.33 per ounce, off a record high of $2,6…

Somalia, US Sign Grant Agreement to Promote Development

The Somali government signed Tuesday a grant agreement with the United States, worth $68.5 million, to develop development in the country.

The agreement was signed by Mahmoud Abdulrahman Farah, Minister of Planning, Investment and Economic Developmen…