Levant news

20 November 2018 01:44 PM Fed’s top official set to head FSB - report

A senior Federal Reserve official is poised to chair the Financial Stability Board, an international body that oversees financial regulations, according to a news report.

Global Markets brief

20 November 2018 01:27 PM IEA chief urges oil producers not to withhold supplies

The executive director of the International Energy Agency called on OPEC to have “common sense” as cuts could have negative impact on the oil market.

Global Reports

20 November 2018 01:05 PM Google to invest $690m in Denmark

Alphabet Inc’s Google on Tuesday announced it will invest 4.5 billion Danish crowns ($690 m) in building a new data centre in Fredericia.

Global Markets brief

20 November 2018 11:23 AM Volkswagen sells 30-millionth car in China

Volkswagen reached in November the milestone of delivering 30 million cars to customers in China.

Global Reports

20 November 2018 11:11 AM Oil prices seen mixed early Tuesday

Oil prices varied during Tuesday’s trades

Global Markets brief

19 November 2018 07:00 PM EU Brexit negotiator deems draft divorce deal ‘fair and balanced’

The European Union's Brexit negotiator Michel Barnier on Monday said that the draft divorce deal reached with London was "fair and balanced."

Global Markets brief

19 November 2018 04:48 PM China’s Xiaomi turns profit in Q3

Smartphone maker Xiaomi on Monday said it swung to a profit during the third quarter of 2018, driven by strong sales in India and Europe.

Global Markets brief

19 November 2018 03:36 PM Brexit deal could not be renegotiated – EU leaders

Germany and other member states of the European Union on Monday informed the UK that their draft Brexit accord could not be renegotiated.

Global Reports

19 November 2018 03:03 PM Vietnam, Russia agree to boost trade to $10bn by 2020

Vietnam and Russia on Monday agreed to raise bilateral trade almost three times to $10 billion by 2020 from $3.55 billion last year.

Global Markets brief

19 November 2018 02:14 PM Goldman Sachs expects broad fall in US dollar next year

Goldman Sachs on Monday expected a broad decline in the US dollar in the coming year as the US economic growth loses momentum.

Global Reports

19 November 2018 02:13 PM Nissan chief to be arrested over financial violations

Nissan's chairman Carlos Ghosn was interrogated by Tokyo prosecutors, and would be arrested on suspicion of under-reporting his salary, according to Japanese media

Global Markets brief

19 November 2018 01:30 PM China’s FDI booms in Africa – Report

China's economic footprint in Africa has overtaken the position of the US in the continent.

Global Reports

19 November 2018 00:21 PM Eurozone current account surplus shrinks in September

The Eurozone's current account surplus shrank in September from August, but it recorded a gain on over the 12-month period preceding the reported month.

Global Markets brief

19 November 2018 11:59 AM Japan’s trade deficit expands beyond forecasts in October

Japan posted a larger-than-expected trade gap in October amid heightened trade disputes and pressure to trim its surplus with the US.

Global Markets brief

19 November 2018 11:23 AM Iran hopes Europe can save nuclear accord – foreign ministry

Iran is still hoping that the 2015 nuclear agreement with world's major powers can be salvaged, even after the withdrawal of the US.

Global Reports

19 November 2018 11:06 AM Oil climbs on anticipated OPEC cuts despite trade conflict worries

Oil rose on Monday amid expectations that Saudi Arabia would push members of the Organization of Petroleum Exporting Countries to withhold supply toward year-end.

Oil and Energy

16 November 2018 11:35 PM Oil prices down for 6th week

Nymex futures for December delivery rose 0.7%

Oil and Energy

16 November 2018 11:11 PM Gold up 1.2% for the week

Gold futures for December delivery increased by $8 on Friday

Goods and Metals

16 November 2018 06:07 PM US industrial output growth slows in October

Mubasher: US industrial production expanded at a slower pace in October, as manufacturing growth compensated drops in mining and utility output.

Global Reports

16 November 2018 05:31 PM Volkswagen to boost electrification, autonomous driving investment

Volkswagen's supervisory board gave the green light to a multi-billion dollar investment plan.

Global Reports

16 November 2018 04:53 PM Sanctions knocked 6% off Russian economy in last 4 yrs

Sanctions knocked as much as 6% off the Russian economy over the past four years and the impact is not likely to fades anytime soon.

Global Reports

16 November 2018 04:27 PM EU urges China to help WTO overhaul

China should make concessions in negotiating reform of the World Trade Organization (WTO) or risk the US leaving the current system.

Global Reports

16 November 2018 03:12 PM European Commission to propose tariffs on Chinese e-bikes

The European Commission is set to introduce final tariffs to curtail the cheap imported Chinese electric bicycles that are said to benefit from unfair subsidies.

Global Reports