Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 1.27% to $42.60 per barrel. U.S. crude futures were 1.48% lower at $40.50 per barrel.
The Derivatives Market of the NSE closed the week on a high note, with September contracts expiring on Thursday, a total of 127 contracts valued at Kes.3.6 million concluded.
Brazilian stocks, as measured by the Bovespa Index, were little changed for the week. On Wednesday, Brazil’s central bank decided to keep its Selic benchmark lending rate at 2%, which…
The S&P index recorded 10 new 52-week highs and no new low, while the Nasdaq recorded 54 new highs and nine new lows.
The U.S. dollar index, which tracks the greenback against a basket of its peers, sat at 92.931 after falling from levels above 93.3 earlier in the trading week.
At least a third of Tullow Kenya workforce across all levels and cadres are expected to leave the company, the firm warned early this year
The S&P 500 posted 9 new 52-week highs and no new lows; the Nasdaq Composite recorded 38 new highs and 18 new lows.
To reduce post-harvest losses, the government is refurbishing 11 warehouses in targeted counties.
Oil prices rose for a second day, up more than 2%, as Hurricane Sally closed U.S. offshore production and an industry report showed U.S. crude inventories unexpectedly decreased.
Kenya Airways resumed international passenger service on August 1 with flights to Britain and Ethiopia while domestic service restarted on July 15 after the service was suspended in March to…