Market

Oil Extends Gains on US Output Concerns

Oil prices extended gains on Tuesday as the market eyed US output concerns in the aftermath of Hurricane Francine and expectations of lower US crude stockpiles.

Brent crude futures for November rose 16 cents, or 0.2% at $72.91 a barrel at 0120 GMT. U…

Gold Hovers near Record High ahead of Fed Rate Verdict

Gold prices hovered near a record high on Tuesday, ahead of the anticipated start of the US interest rate reduction cycle, which could see policymakers deliver an outsized cut.

Spot gold was steady at $2,581.68 per ounce. Bullion rose to a record hig…

S. Korea’s Fiscal Deficit Widens during First 7 Months of 2024

South Korea’s fiscal deficit grew markedly during the first seven months of 2024 amid weak corporate performances and growing state expenditures, the Finance Ministry in South Korea said Tuesday.

The managed fiscal balance, a key gauge of fiscal heal…