WASHINGTON, July 31 (KUNA) -- Federal Open Market Committee (FOMC) of the US Federal Reserve decided to maintain the target range for the federal funds rate at 5.25 to 5.5 percent.

NEW DELHI: India has declined to accept a European Union proposal to levy higher taxes on its carbon-producing industries, which the 27-nation bloc said it was willing to offset when those products enter its borders, a top official told Reuters.

FRANKFURT: The German economy unexpectedly shrank in the second quarter, preliminary data showed Tuesday, falling further behind as a recovery takes hold elsewhere across the eurozone.

KUWAIT: Kuwait Finance House (KFH) Kuwait’s Chief Executive Officer Khaled Yousef Al-Shamlan emphasized that the bank’s inclusion in the FTSE4Good Index reflects the growing interest in adopting environmental, social, and governance (ESG) standards.

KUWAIT: Burgan Bank (“Burgan” or “the Bank”) announced its financial results for the first half of 2024 (H1 2024), for the period ending June 30, 2024.

ISTANBUL: Traditionally fond of real estate investment, Turks are turning their attention increasingly to buying property abroad in response to surging domestic prices, worsening returns on investment and the prospect of regulatory changes.

KUWAIT: In a meeting of its Board of Directors on July 30, 2024, Boursa Kuwait announced its interim consolidated financial results for the period ended June 30, 2024, recording a net profit growth of 11.39 percent to reach KD 9.38 million compared to KD 8.42 million recorded during the corresponding period in 2023.

BEIJING: President Xi Jinping and other Chinese leaders stressed the need for further reform to support economic activity and the country’s ailing property sector, state media reported Tuesday, following a key meeting centered on boosting growth.

MUMBAI: India’s gold demand in the June quarter fell 5 percent from a year ago, but consumption in the second half of 2024 is set to improve due to a correction in local price following a steep reduction in import taxes, the World Gold Council (WGC) said on Tuesday.