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Oil Prices Rise Slightly in Asian Trading Despite Weak Demand

Oil prices recovered in Asian trading on Wednesday on heightened Middle East tensions, but gains were capped by weak demand.

Brent crude futures rose 17 cents, or 0.16 percent, to USD 76.60 a barrel.

US West Texas Intermediate (WTI) crude rose 17 ce…

Japanese Yen Plummets as BOJ Signals No Near-Term Rate Hike

The Japanese yen dropped on Wednesday after Bank of Japan (BOJ) Deputy Governor Shinichi Uchida stated that the central bank would not raise interest rates in the near term, easing trader concerns about another potential rise in the yen that could dis…

Saudi Electricity Company Net Profit Rises 16.6% in H1 2024

Riyadh, The Saudi Electricity Company (SEC) continued its strong financial performance in the first half and second quarter of 2024, according to an SEC press release issued today. Revenues climbed 15.5% year-over-year to SAR38.2 billion for H1 2024, …