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Oil up following weak US dollar, growing supply concerns

ANKARA: Oil prices rose on Monday over a weak US dollar, plus ongoing uncertainties over the timing of the US Federal Reserve’s interest rate cut, and the Israel-Palestine and Russia-Ukraine conflicts.

International benchmark Brent crude traded at $8…

Euro area manufacturing activity contracts further in June

ANKARA: The downturn in the euro area manufacturing sector deepened in June as a contraction in output accelerated at the strongest pace in the year to date, according to a report released on Monday.

The HCOB Eurozone Manufacturing purchasing manager…

Russia’s manufacturing sector expanded in June

ISTANBUL: Russia’s manufacturing sector continued to expand in June, while operating conditions improved at a strong rate, amid steep increases in output and new orders, data provider S and P Global announced on Monday.

“Meanwhile, sustained demand c…