Kuwait Petroleum Corp. (KPC) intends to invest about 10 billion Kuwaiti dinars ($33 billion) over five years to increase oil production. According to CEO Sheikh Nawaf Al-Sabah, the company plans not only to maintain the current capacity, but also to significantly increase it in accordance with strategic goals. According to Nawaf, Kuwait’s forecast for stable…
Investors continue to actively invest in cryptocurrency, expecting favorable policy changes under the new president. This was reflected in the bitcoin exchange rate, which increased by almost 6% and reached $97,458. Shares of cryptocurrency-related companies are also showing growth. MicroStrategy, one of the largest companies investing in bitcoin, rose 3% after a previous increase of…
The European Central Bank (ECB) has expressed alarm about a possible bubble in the stock market related to artificial intelligence (AI). In its semi-annual financial stability review, the ECB noted that the stock market, especially in the United States, is increasingly dependent on several companies considered leaders in the field of AI. This concentration raises…
The main events by the morning: November 20 Source link
Yesterday, the euro and pound quickly lost ground against the US dollar after Federal Reserve Chair Jerome Powell confirmed traders’ concerns by stating that recent data provides the central bank with room to lower interest rates cautiously. “The economy is not signaling any need for us to rush into rate cuts,” Powell said on Thursday…
China has prepared effective countermeasures in case the trade standoff with the United States intensifies under the leadership of new President Donald Trump. During Trump’s first term, Beijing was not prepared for Washington’s tough moves, including the imposition of increased tariffs and tighter controls on Chinese investments. However, over the past eight years, China has…
On Thursday, the price of oil continued to fall after the US presidential election, succumbing to the pressure of the rising dollar. The price of Brent decreased by 0.6% to $74.15, and WTI — by 0.88% to $70.97. Experts note that the strengthening of the dollar and weak demand are putting pressure on the price…
Trump Back in the White House: Record Growth on Wall Street On Wednesday, U.S. stock indexes showed a sharp rise, reaching record levels, after Donald Trump won the 2024 U.S. presidential election in a sensational victory. Four years after leaving the political arena, he returned, surprising many analysts and investors. Strong Start: Dow, S&P 500,…
Gold faced strong selling pressure today, dropping to the key level of $2,700—its nearly three-week low—within an hour before the European session. The Republican candidate, Donald Trump, leads in the U.S. presidential race and is likely to become the 47th President of the United States. This development triggered aggressive selling of the yellow metal and…
U.S. Stock Market Wrap-Up: Election Anticipation and Investor Anxiety U.S. stocks ended slightly down on Monday after a volatile trading session, with investors bracing for a decisive week as the nation prepares to choose its next president and the Federal Reserve gets set to release a key policy statement. Final Push: Trump vs. Harris In…