Archive of 23 October 2018

Gold scales three-month peak on equities slide; palladium hits record

BENGALURU: Gold jumped 1 percent to a more than three-month peak on Tuesday as investors took cover from a slide in global stocks and rising...

Turkey’s lira weakens as nationalists say no local election alliance

ISTANBUL: Turkey's lira was nearly 2 percent weaker against the dollar on Tuesday after the nationalist MHP party said it would not seek an alliance...

Biting bears sink world shares to 1-year low

LONDON: World shares slid towards their lowest level in a year on Tuesday, as negative drivers from fatigued earnings and Saudi Arabia's diplomatic isolation to...

Copper prices tripped up by political tensions and slow growth

LONDON: Copper tracked equity markets lower on Tuesday on concerns of slowing demand in China and as geopolitical tensions escalated over the killing of a...

Oil falls after Saudi Arabia reassures market on supply

LONDON: Oil prices fell on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring investors ahead of U.S. sanctions on...

C$ edges lower as oil and stock prices slide

TORONTO: The Canadian dollar edged lower against its US counterpart on Tuesday as oil and stock prices declined, although the loonie traded in a narrow...

Saudi stocks continue decline despite support from state funds

Saudi Arabia's market fell sharply after a volatile day of trading on Tuesday, as foreign and retail investors continued to sell despite efforts from state-backed...

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