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Korean banks’ lending rate down for 2nd month in July

SEOUL: Banks’ loan rate in the Republic of Korea declined for a second consecutive month in July, as the central bank has frozen its key rate for more than a year amid still-high inflation, central bank data showed Friday.

Yonhap News Agency reported…

ADFW 2024 to feature industry titans across 50 events

ABU DHABI: Under the patronage of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, the third edition of Abu Dhabi Finance Week (ADFW), the flagship financial event of the MEASA …

Inflation in France drops to 1.9 pct in Aug.

France inflation rate decreased to 1.9 percent in August on a yearly basis compared with 2.3 percent last month, official data showed on Friday.

The drop is because of the slow in energy and electricity prices, French National Institute of Statistic…

Oil Edges Higher amid Supply Concerns

Oil prices edged higher on Friday amid concerns over global supplies.

Brent crude futures for October delivery expire on Friday rose 23 cents, or 0.3%, to $80.17 a barrel.

The West Texas Intermediate for October delivery gained 20 cents, or 0.2%, to…

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