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01 June 07:58 AM

Levant news

17 December 2018 01:31 PM Eurozone trade surplus shrinks in October
The Eurozone trade balance surplus came in at EUR 14 billion ($15.88 billion) in October, down year-on-year from EUR 17.8 billion.
Global Markets brief
17 December 2018 01:16 PM Eurozone annual inflation declines to 1.9% in November, EU 2%
The final estimates indicated that the Eurozone annual inflation declined to 1.9% in November, from 2.2% in October, according to official data released on Monday.
Global Markets brief
17 December 2018 00:59 PM Global oil demand to grow 1.5m bpd in 2018 –KAMCO
Kuwaiti investment company, KAMCO, left its projections for global oil demand growth in this year unchanged from last months.
Global Reports
17 December 2018 11:35 AM Oil hits 14M trough in November, early December– KAMCO
Oil prices extended their fall during November and the first half of December, retreating from a four-year high to the lowest level in 14 months.
Oil and Energy
15 December 2018 00:12 AM Gold down 0.9% for the week
Gold prices fell on Friday, due to a strong performance by the US dollar driven by strong economic data.
Goods and Metals
15 December 2018 00:09 AM Oil prices record 2.5% weekly losses
Oil prices declined on Friday, with growing concerns regarding a possible weakened global energy demand
Oil and Energy
14 December 2018 08:30 PM Moody's affirms Lebanon's rating, downgrades outlook
Moody's Investors Service changed the outlook to negative from stable on the Government of Lebanon's issuer ratings and affirmed the ratings at B3
Global Reports
14 December 2018 05:52 PM US industrial output growth picks up steam in November
US industrial production expanded in November on the back of cold weather-induced utility usage, data by the Federal Reserve Bank showed on Friday.
Global Reports
14 December 2018 04:53 PM Tesla lowers China car prices after tariff drop US autos
Tesla lowered prices for its Model S and Model X vehicles in China, after Beijing decided to suspend extra duties on autos from the US.
Global Reports
14 December 2018 04:37 PM US retail sales rise 0.2% in November
Initial estimates suggested that US retailers saw a month-on-month sales growth in November, official data revealed on Friday.
Global Reports
14 December 2018 03:57 PM China to halt 25% tariff on US autos
China said it would temporarily put its extra 25% tariff on US vehicles on hold.
Global Markets brief
14 December 2018 03:05 PM Russia C.bank raises rate, plans to continue FX purchases
Russian Central Bank raised its benchmark interest rate on Friday, in response to rising inflation.
Global Markets brief
14 December 2018 02:32 PM German C.bank confident in economy, but warns of risks
Germany's Bundesbank voiced its confidence that the economy would overcome its latest slowdown, warning that rising protectionism and a no-deal Brexit threaten the outlook.
Global Reports
14 December 2018 01:03 PM US plans to officially postpone tariff hike to March–Report
The US administration would announce officially its decision to postpone a tariff raise on $200 billion in Chinese imports until 1 March.
Global Markets brief
14 December 2018 00:14 PM Eurozone business growth hits 4-yr low in December
Provisional estimates for the Eurozone indicated that economic activity growth slowed down in December to the weakest pace in more than four years.
Global Reports
14 December 2018 11:45 AM Gold slips as dollar gains, investors focus on Fed meeting
Gold fell on Friday, as a stronger US dollar weighed on the precious metal which was heading to post its largest fall in five weeks.
Goods and Metals
14 December 2018 11:14 AM Oil falls on China economy fears, as supply curbs support
Oil fell on Friday amid worries about the slowdown in Chinese economic growth, but supply curbs announced by oil producers offered some support for prices.
Global Markets brief
14 December 2018 00:48 AM Trump wants Fed to stop interest hikes  
Mubasher: The President of the United States hopes that the Federal Reserve will not be raising interest rates anymore
Global Reports
14 December 2018 00:40 AM US budget deficit up 48% in November 
The United States saw a jump in the budget deficit in November, due to an increased public spending.
Global Reports
14 December 2018 00:34 AM Oil settles with big gains 
Oil prices ended today's trading session on a higher note supported by plans by major producers to cut crude output
Oil and Energy
14 December 2018 00:26 AM Gold settles lower Thursday 
Gold prices declined on Thursday, with the US dollar showing a strong performance against major currencies
Goods and Metals
13 December 2018 06:34 PM US natural gas storage drops as prices surge
The US natural gas inventories dropped by 77 billion cubic feet (Bcf) in the week ended 7 December to a total of 2,914 Bcf.
Global Markets brief
13 December 2018 06:30 PM ECB’s head sees economic risks ‘moving to downside’
The European Central Bank President Mario Draghi warned that economic risks facing the Eurozone are now “moving to the downside.”
Global Markets brief
13 December 2018 05:00 PM US weekly jobless claims drop 27,000 in early December
US unemployment claims dropped 27,000 week-on-week to 206,000 claims in the week ended 8 December, data released on Thursday showed.
Global Markets brief
13 December 2018 04:50 PM US import prices record largest drop in 3 yrs
The costs of the US import dropped in November, helped mainly by lower fuel prices, data released on Thursday showed.
Global Markets brief