ECBs Rehn sees Several Benefits to Possible Digital Euro

HELSINKI, Aug 24 Reuters A possibledigital euro currency, which the European Central Bank is studying, could have several benefits such as facilitating crossborder payments and providing a digital monetary anchor, Finnish ECB policymaker Olli Rehn said on Tuesday. The investigation phase for the digital euro is expected to be concluded in October 2023, Rehn said […]
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Brent Oil Climbs above 100 Barrel amid Talk about OPEC Cuts

Output cut could come with return of Iran oil, sources say Iran needs nuclear deal to resume major oil exports Tehran drops some nuclear demands, says U.S. official API shows crude stocks fall, fuel stocks rise, sources say LONDON, Aug 24 Reuters Benchmark Brent oil climbed above 100 a barrel on Wednesday after Saudi Arabia […]
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Major Gulf Bourses Gain on Rising Oil Prices

Aug 24 Reuters Major stock markets in the Gulf rose in early trade on Wednesday, in response to a surge in oil prices in the previous session, with the Qatari index on track to end three sessions of losses. Crude prices, a key catalyst for the Gulf39;s financial markets, jumped nearly 4 the previous day […]
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