International Economy
Back to Homepage
Oil Prices Decline for the Twelfth Consecutive Day
SadaNews - Oil prices fell for the second consecutive day, influenced by trader concerns regarding the potential for the "OPEC+" alliance to raise production, alongside indications of an economic slowdown in the United States and industrial data showing an increase in inventories at a majo...
U.S. Stocks Decline in Parallel with Bond Market Drop
SadaNews - "Wall Street" began September with a decline, as stocks joined the drop in bonds amid heavy sales of corporate debt and concerns about the budgets of developed countries. The dollar rose, and gold reached a record level.
Yields on 30-year U.S. Treasury bonds approached 5%, putting pressu...
Gold stabilizes after reaching all-time high supported by interest rate cut expectations a...
SadaNews - Gold experienced a six-day rise, pushing prices to an all-time high on Tuesday, as expectations of U.S. interest rate cuts enhanced the metal's appeal, and traders sought a safe haven following a wave of selling in the stock and bond markets.
Spot gold prices stabilized around $3530 an o...
Despite Washington's Pressure.. India Acquires Russian Oil at Discounts
SadaNews - Russian crude shipments have become cheaper for India, at a time when U.S. President Donald Trump's administration intensifies its criticism of the oil trade between New Delhi and Moscow, considering it to be aiding in funding the war in Ukraine.
According to traders who received offers...
Lebanon: Central Bank Prevents Entry of Funds from Entities Subject to International Sanct...
SadaNews - The Central Bank of Lebanon announced on Tuesday the issuance of a circular prohibiting the entry of any funds into the banking sector from Lebanese entities or organizations subject to international sanctions, particularly U.S. sanctions.
The bank stated in a statement: "The issu...
Gold Hits New Record Level Amid Increased Bets on US Interest Rate Cuts
SadaNews Economy - Gold prices surged to an unprecedented record level today, Tuesday, continuing their gains for the sixth consecutive session, supported by a weak dollar and increased bets on a reduction of US interest rates this month.
Gold rose in spot transactions by 0.6% to record $3495.01 an...
BYD Shares Drop 8%
SadaNews - Shares of "BYD" listed in Hong Kong dropped by up to 8% on Monday, reaching HK$105.2, the lowest level since April 9, heading towards the biggest daily decline since May 26, and leading the list of losers on the Hang Seng Trade and Industry Index and the Hang Seng Technology Index.
Shares...
For the First Time Since 2011.. Silver Price Exceeds $40
SadaNews - The price of silver exceeded $40 per ounce for the first time since 2011, fueled by growing expectations of a rate cut by the Federal Reserve this month, which has boosted investor interest in precious metals.
The spot silver price rose by 1.4% to reach $40.2920 per ounce on Monday, in...
Despite Trump Tariff Suspension, Weakness in Chinese Factories Persists
SadaNews - Factory activity in China remained sluggish during August, as the government's campaign against price wars hampers production and negates the positive impact of the extended trade truce with the United States.
The National Bureau of Statistics announced on Sunday that the official manufa...
What are the implications of activating the snapback mechanism on the Iranian economy?
SadaNews - The Iranian nuclear file has entered a new critical phase after France, Germany, and Britain announced before the UN Security Council that they would activate the automatic return mechanism for sanctions, known as the "snapback mechanism", within 30 days unless a new agreement is reached...
Egypt Establishes New Pipeline for Transporting Israeli Gas at $400 Million
SadaNews - Egypt is preparing to establish a new pipeline to transport the additional quantities of Israeli gas that were recently agreed upon, during the fourth quarter of this year, at an estimated cost of about $400 million.
One official clarified that the pipeline will be entirely built within...
Bloomberg Economics: Modi and Xi Meeting Indicates Tactical Change Rather Than Strategic S...
SadaNews - Indian Prime Minister Narendra Modi's visit to China for the Shanghai Cooperation Organization summit and planned talks with Chinese President Xi Jinping indicates a cautious thaw in their relationship, which has been strained by border clashes over the past five years.
Both sides recogn...