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Japanese Stocks Close Higher as Chip-Related Heavyweights Recover

Japan: Japan’s Nikkei share average ended higher on Tuesday, as chip-related heavyweights recovered from heavy losses in the previous session. The Nikkei closed up 2.17% at 65,416.63. The index fell 3.85% on Monday, its largest one-day loss in three m…

QatarEnergy Announces New Oil Discovery Offshore Namibia

Doha: QatarEnergy announced an oil discovery with encouraging results from the Merlin-1X exploration well in the Petroleum Exploration License 39 (PEL 0039), offshore Namibia.

According to Qatar News Agency, Merlin-1X is the tenth well drilled under…

Oil Prices Fall by 1% as Previous Gains Are Erased

Doha: Oil prices fell by about one percent Tuesday, erasing most of the previous session’s gains. Brent crude futures dropped 91 cents, or one percent, to $93.34 a barrel. West Texas Intermediate (WTI) crude futures also dropped $1.13, or 1.2 percent,…

South Korea’s Economy Bolstered by Robust Semiconductor Exports

Seoul: The South Korean economy continued to improve gradually, supported by semiconductor-led strong exports, amid lingering uncertainties stemming from the Middle East, a state-run think tank said Monday. “Despite the downside risks to the economy p…