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Japanese Stocks Close Lower

Tokyo: The benchmark Nikkei 225 Index dropped 3.85% to close at ¥64,024.60, marking its sharpest one-day slide since March 9. The broader Topix also slid 2.45% to 3,852.38.

According to Qatar News Agency, there were 163 decliners on the Nikkei index…

Dollar Reaches Two-Month High as Fed Rate Hike Bets Intensify

New york: The dollar was perched near a two-month high on Monday after a blowout US jobs report sent traders ramping up bets on a Federal Reserve rate hike this year, while the yen teetered further into the intervention zone. Against the dollar, the e…

Oil Prices Rise $1 at Settlement

Doha: Oil prices rose by about $1 at settlement at the close of trading on Monday. Brent crude futures climbed $1.16, or 1.3 percent, to $94.25 a barrel at settlement. West Texas Intermediate (WTI) crude futures rose 76 cents, or 0.8 percent, to $91.3…