LONDON: Emerging market currencies gained against a softer dollar on Monday, lifting MSCI’s index tracking them to a record high on growing hopes of stable economic growth and looser monetary policy in the United States.

TOKYO: Shares in the Japanese operator of 7-Eleven soared on Monday after the firm confirmed it had received a takeover bid from Canadian retail giant Alimentation Couche-Tard.

NAIROBI: The Kenyan government plans to raise about $1.2 billion by reinstating some unpopular taxes contained in a finance bill that was scrapped in the face of deadly street protests, a government minister said.

NAIROBI: In eight years of working as a taxi driver in Kenya’s capital, Judith Chepkwony has never seen business this bad.

NEW YORK: Wall Street’s main stock indexes extended their gains in choppy trading on Monday after clocking their best week of the year, while investors looked ahead to Federal Reserve Chair Jerome Powell’s speech at Jackson Hole for rate-cut indications.

KUWAIT, Aug 19 (KUNA) -- The Central Bank of Kuwait (CBK) announced on Monday the issuance of bonds and related tawarruq at a value of KD 240 million (about USD 792 million).

KUWAIT: The Producer Price Index in the US saw a pullback to 2.2 percent annually from 2.7 percent previously. On a monthly basis, prices increased by 0.1 percent, lower than the previous and expected figure of a 0.2 percent rise.

KUWAIT: Sustainability, as defined by the United Nations, involves meeting the current needs, without compromising the ability of future generations to meet their own needs.

NEW YORK: Hopes for an economic soft landing are once again powering US stocks higher, as encouraging data relieve recession worries following a brutal sell-off earlier this month.