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US Stock Markets Surge with Notable Gains on Wednesday

New york: Major US stock indexes closed higher on Wall Street at the close of Wednesday trading. The S and P 500 rose 1.46 percent, to close at 7,365.12. The Nasdaq Composite gained 2.03 percent, to finish at 25,838.943. The Dow Jones Industrial Avera…

Dollar Weakens on Hopes for Middle East De-escalation

Kuwait: The dollar remained on the defensive on Thursday as hopes for a de-escalation in the Iran-US war: That left the dollar index back at 97.950 and well short of last week’s top of 99.092.

According to Qatar News Agency, the pullback in oil had …

Oil Prices Rise as Investors Weigh Middle East Peace Prospects

Kuwait: Oil prices rose about $1 in early trade on Thursday, rebounding from the previous day’s sharp losses, as investors weighed the prospects of a Middle East peace deal succeeding. Brent crude futures were up 88 cents, or 0.9%, at $102.15 a barrel…