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1 hour ago Huawei’s revenue climbs 24.4% in Q3
Mubasher: Huawei on Tuesday reported that its revenue jumped by 24.4% year-on-year in the third quarter of this year.
2 hours ago Gold edges up on Brexit uncertainty; risk-on appetite caps gains
Mubasher: Gold traded higher on Wednesday owing to uncertainty surrounding Brexit negotiations, but a risk-taking sentiment limited gains.
2 hours ago Updated Oil rises on Brexit optimism; weak growth outlook drags
Mubasher: Oil prices declined on Wednesday, dragged down by weaker fuel demand outlook amid lingering worries over a global economic slowdown.
3 hours ago UK output prices growth loses more pace in September
Mubasher: Producer price index for the goods leaving UK factories rose at a slower rate of 1.2% in the year ended September.
4 hours ago Updated UK consumer inflation remains at slowest pace since 2016
Mubasher: The UK’s consumer price index, the headline gauge for the country’s inflation, remained unchanged month-on-month at 1.7% year-on-year in September.
15 October 02:20 PM Gold rises as trade hopes fade, amid focus on Brexit
Mubasher: Gold was higher on Tuesday as hopes surrounding the US-China trade talks waned, while markets were anticipating the outcome of crunch meeting.
15 October 12:37 PM Oil extends drop on weak China figures, global demand fears
Mubasher: Oil prices fell on Tuesday, extending heavy losses in the preceding session, after figures from China accentuated worries about fuel consumption growth.
14 October 03:18 PM Sterling drops on fresh Brexit uncertainty
Mubasher: Sterling fell, after the UK and European Union said a lot of work would be required to clinch a Brexit deal, according to Reuters.
Iraq came in the second place with a 4.3% economic growth rate
14 October 02:32 PM Egypt’s Q2 economic growth fastest in MENA – Cabinet
Cairo – Mubasher: Egypt’s economy posted the highest quarterly growth rate in the Middle East and North Africa (MENA) region at 5.7% during the second quarter of 2019, according to data released by the cabinet’s media centre on Monday. Iraq came …
14 October 01:36 PM Gold edges up, hovers below $1,500 amid US-China trade optimism
Mubasher: Gold edged up on Monday but traded below the $1,500 threshold after the US and China reached a partial trade deal last week.
14 October 10:56 AM Oil falls on few details on US-Sino ‘phase 1’ deal
Mubasher: Oil traded lower on Monday as last week's optimism retreated due to little details on phase one trade deal between the US and China.
11 October 10:29 AM Iranian oil vessel explodes near Saudi port; crew unharmed
Mubasher: An Iranian oil carrier has been hit by two suspected missile attacks close to Saudi Arabian city of Jeddah earlier on Friday.
11 October 10:32 PM Oil futures go up at Friday’s settlement
​​​​​​​Mubasher: Oil futures grew at Friday’s finish, rising 3.6% for the week.
11 October 09:40 PM Gold ends lower on Friday
​​​​​​​Mubasher: Gold settles lower on Friday, losing 1.6% for the week.
11 October 05:11 PM US consumer confidence recovers in early October
Mubasher: Initial estimates by the University of Michigan indicated that the consumer sentiment recovered in early October, amid anticipations of wage gains and lower inflation.
11 October 02:14 PM IEA cuts 2020 oil demand forecast on dimmer GDP outlook
Mubasher: The International Energy Agency on Friday downgraded its projections for global oil demand next year, citing gloomy growth outlook.
11 October 12:41 PM Renault’s board votes to remove Thierry Bolloré, names new CEO
Mubasher: Renault’s board of directors on Friday voted to end the mandate of Thierry Bolloré as CEO and president of the company.
11 October 11:20 AM Gold climbs amid anticipations for cues on trade, Brexit
Mubasher: Gold rose on Friday, trading within a limited range, as investors were looking for more clarity on global uncertainties, including trade disputes and Brexit.
11 October 10:48 AM Oil soars 2% after Iranian oil vessel explosion
Mubasher: Oil prices jumped by 2% on Friday after Iranian news outlets reported a state-owned oil carrier exploded in a suspected missile attack.
10 October 05:53 PM OPEC could consider more oil cuts–Barkindo
Mubasher: Further cut in oil supplies is among options for the Organization of the Petroleum Exporting Countries and its allies to be weighed next meeting.
10 October 05:33 PM US natural gas storage climbs as futures rally
Mubasher: US natural gas storage built up by 98 billion cubic feet in the week ended 4 October, to a total of 3,415.
10 October 04:41 PM OPEC oil output drops in September on declining Saudi supply
Mubasher: Oil output from member states of the Organization of the Petroleum Exporting Countries fell last September, led by supply shortage from Saudi Arabia.
10 October 04:10 PM US inflation stabilises in September
Mubasher: US consumer price index, which gauges the amounts paid for goods and services ranging from mutton chops to furniture, recorded no change in September.
10 October 01:57 PM US considers currency accord with China – Report
Mubasher: The US is considering to ink a currency accord with China, within the framework of what Washington deems as a first-phase agreement, Bloomberg reported.
10 October 01:39 PM Gold edges up amid mixed signals about US-China trade talks
Mubasher: Gold prices recorded one-week peaks earlier on Thursday, trading above $1,500, as investors fled to safe-haven bullion after mixed signals over US-China trade.