Market

ECB Cuts Interest Rates to 2.5 Percent

Doha: The European Central Bank (ECB) has decided to cut interest rates by 25 basis points, bringing the interest rate to 2.5 percent. The ECB explained, in a statement Thursday, that interest rates are still hindering growth despite their decline com…

Gold Steady as Investors Await US Payrolls Data

Doha: Gold prices were little changed on Thursday, as investors awaited US non-farm payrolls data to assess the Federal Reserve’s interest rate trajectory. Spot gold was steady at US$2,917.90 an ounce, while US gold futures edged up 0.1% to US$2,927.4…

European Stock Indices Close Mixed Following ECB Rate Cut

London: European stock indices closed mixed at the end of Thursday’s trading, after the European Central Bank’s decision to cut interest rates to 2.5 percent.

According to Qatar News Agency, the European Stoxx 600 index ended trading down 0.03 point…