Levant news

2 November 2018 02:31 PM New 50 pound note to feature scientist

Bank of England (BOE) Governor Mark Carney on Friday said that the UK’s next 50 pound banknote would feature a scientist or mathematician.

Global Reports

2 November 2018 02:01 PM China slashes US soybean cargoes by 80% as tariffs bite

China, the world's largest soybean consumer, cut its oilseed imports from the US by more than 80% year-on-year in September.

Global Reports

2 November 2018 01:03 PM Eurozone manufacturing activity growth hits 26M low in October

Eurozone manufacturing activity extended its growth slowdown in the beginning of the fourth quarter of 2018.

Global Markets brief

2 November 2018 01:03 PM UK construction output growth recovers in October

The UK construction sector activity saw a sustained expansion during October, with growth improving slightly from September, a survey showed on Friday.

Global Reports

2 November 2018 11:58 AM Apple profit climbs 31.8% in 3M

Apple reported a 31.8% year-on-year surge in net income during its fiscal fourth quarter of 2018, while its net sales rose 19.6%.

Global Reports

2 November 2018 11:08 AM Oil dips on rising output, as Iran sanctions loom

Oil fell on Friday as rising output by the world's three largest producers outweighed worries over supply raised by US sanctions against Iran's oil exports

Global Markets brief

1 November 2018 06:49 PM India leaps in World Bank ease of doing business ranking

The ease of doing business in India improved substantially following a raft of reforms.

Goods and Metals

1 November 2018 06:27 PM Russia’s economy to grow by 1.5% in 2018-2019

Growth forecasts are supported by the positive impact of higher oil prices

Global Reports

1 November 2018 05:53 PM EBRD slashes Turkish growth forecasts on volatile lira

The European Bank for Reconstruction and Development has lowered its projections for economic growth in Turkey for the next year.

Goods and Metals

1 November 2018 05:34 PM US natural gas stockpiles climb as prices rise

Goods and Metals

1 November 2018 05:17 PM US ISM manufacturing PMI declines in October

Economic activity in the US manufacturing sector grew at a slower pace in October, while the overall economy advanced for the 114th consecutive month.

Goods and Metals

1 November 2018 04:59 PM No-deal Brexit would take heavy toll on south-eastern European economies

South-eastern European nations would endure the hardest blow, should the UK crash out of the European Union (EU) without a trade or investment agreement,

Global Reports

1 November 2018 03:41 PM US jobless claims drop 2,000 in late October

US unemployment claims declined 2,000 week-on-week to 214,000 claims in the week ended 27 October, data released on Thursday revealed.

Global Reports

1 November 2018 03:23 PM US job cuts hit highest since mid-2015

Employers in the US announced plans to cut 75,644 jobs in October, marking the highest level since July 2015.

Goods and Metals

1 November 2018 03:23 PM BOE keeps interest rate unchanged

The Bank of England on Thursday announced that it maintained its key interest rate unchanged.

Global Reports

1 November 2018 02:27 PM China manufacturing activity unexpectedly grows in October

Chinese factory activity grew slightly in October, despite the ongoing US-Sino trade conflict, private data showed on Thursday.

Global Reports

1 November 2018 01:48 PM Sterling retreats from earlier high on tentative Brexit deal denial

The UK pound on Thursday retreated against the US dollar, below the highs earlier, after UK officials denied reports of a tentative Brexit deal

Global Reports

1 November 2018 01:38 PM Shell profits surge 39% in Q3, mark 4-yr high

Royal Dutch Shell posted robust results for the third quarter of 2018, marking a four-year high

Oil and Energy

1 November 2018 01:33 PM Apple said to be in talks over iHeartMedia tie-up

Apple Inc. is reportedly considering a tie-up with the largest radio group in the US to bolster its streaming services.

Global Markets brief

1 November 2018 00:40 PM UK manufacturing activity slows to 27M trough in October

Global Reports

1 November 2018 00:26 PM UK, EU reach tentative post-Brexit financial service deal - report

UK Premier Theresa May has struck a tentative deal with the European Union that would allow UK financial service providers' access to European markets.

Global Reports

1 November 2018 11:41 AM Volvo ties up with Baidu to develop robotaxis in China

Volvo on Thursday said that it teamed up with Chinese internet giant Baidu to develop a driverless taxi in China

Goods and Metals

1 November 2018 10:51 AM Oil drops on rising supply signs, falling global economic sentiment

Oil prices dropped earlier on Thursday, extending losses in the previous session, with indications of rising supplies and mounting concerns about waning demand

Oil and Energy