Global Reports

36 minutes ago UK parliament to vote on Brexit on 29 January
UK lawmakers are set to discuss and vote on Prime Minister Theresa May’s Brexit “plan B” on 29 January.
1 hour ago US natural gas storage declines as prices surge
The US natural gas inventories fell by 81 billion cubic feet in the week ended 11 January, to a total of 2,533 Bcf.
2 hours ago Morgan Stanley profit surges 138% in Q4
Morgan Stanley's net income surged 138% year-on-year in the fourth quarter of 2018, but fixed income trading dropped, on increased volatility.
3 hours ago Updated US weekly jobless claims fall 3,000 in mid-January
US unemployment claims went down 3,000 week-on-week to 213,000 claims in the week ended 12 January, according to data released on Thursday.
3 hours ago OPEC oil output drops in December before supply cuts
Oil production from the Organization of Petroleum Exporting Countries declined in December 2018, before the producer club officially began a new round of output cuts.
4 hours ago EBRD funds 395 projects with $10.83bn in 2018
The European Bank for Reconstruction and Development financed 395 projects in 2018, with a total of EUR 9.5 billion ($10.83 billion).
02:19 PM Societe Generale sees 20% revenue decline
Societe Generale on Thursday said that its revenue in the fourth quarter of 2018 was impacted by challenging conditions in global capital markets.
01:57 PM Russian economy to dethrone Germany’s by 2020 – Report
Despite Western sanctions, Russia would rank as the world's fifth largest economy as early as next year, outrunning Germany and the UK.
01:12 PM May’s gov’t survives no-confidence motion
UK Prime Minister Theresa May narrowly survived a no-confidence vote, triggered by the overwhelming defeat of her Brexit plan before the country exits the EU.
01:11 PM Eurozone annual inflation slows to 1.6% in December, EU 1.7%
The final figures suggested that the Eurozone annual inflation declined to 1.6% in December, from 1.9% in November.
12:56 PM Gold stabilises as dollar firms on rate hike pause prospects
Gold prices steadied on Thursday as a firmer dollar wiped out the impact of expectations of a pause in interest rate hikes by the Fed.
11:50 AM Oil drops on record US crude output, weak demand fears
Oil prices fell on Thursday as US crude output rapidly approached an unprecedented 12 million barrels per day, amid concerns about weakening demand.
16 January 07:27 PM Goldman Sachs swings to profit in Q4
Goldman Sachs posted a year-on-year profit in the fourth quarter of 2018, while its investment banking and investing and lending revenues came better than expected.
16 January 06:34 PM US crude inventories drop as oil prices rise
US crude oil stockpiles fell by 2.7 million to 437.1 million barrels in the week ended 11 January.
16 January 06:19 PM US builder sentiment recovers in January
US home builder morale improved in January on a gradual decline in mortgage rates in recent weeks, data showed on Wednesday.
16 January 05:59 PM Bank of America profit surges in Q4 on higher rates
Bank of America on Wednesday reported a year-on-year 208% surge in its net income during the fourth quarter of 2018, while its revenue climbed 11%.
16 January 05:34 PM Dubai Frame attracts 1m visitors in a year
The 150-metre structure offers views of Dubai’s old and modern city
16 January 05:31 PM Etihad Airways launches world’s 1st flight run by UAE plants
Sustainable fuel for the flight was produced from oil in Salicornia plants
16 January 05:18 PM Fiserv to acquire First Data for $22bn
US financial technology provider Fiserv on Wednesday announced that it would purchase payment processor First Data in an all-stock $22 billion deal.
16 January 05:03 PM Samba Financial Group generates SAR 5.5bn profit in 2018
Saudi Arabia's Samba Financial Group on Wednesday reported a 10.1% year-on-year profit rise by the end of 2018
16 January 04:58 PM Platinum may become new ‘Dark Horse’ among metals – PIMCO
Platinum is expected to be the dark horse among major metals in the coming period due to its low price
16 January 04:44 PM US import prices fall in December on lower fuel costs
The costs of the US import dropped in December 2018, helped mainly by lower fuel prices, data showed on Wednesday.
16 January 04:11 PM Turkey C.bank keeps policy rate on hold as inflation slows
Turkey's central bank left its benchmark interest rate unchanged on Wednesday, mollifying investor worries that it could relax policy after inflation retreated.
16 January 03:30 PM No-deal Brexit could be ‘fatal’ – German automakers  
German car manufacturers on Wednesday warned of dire consequences, if the UK crashed out of the European Union without an accord.
16 January 02:51 PM GCC sovereign outlook seen stable despite several challenges – Moody’s