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19 July 12:38 PM

Top News

44 minutes ago UK retail sales climb 2.1% in Q2
Mubasher: Retail sales in the UK grew 2.1% year-on-year in the second quarter of 2018, registering the largest gain since February 2015.
Global Markets brief
2 hours ago Oil slips on unexpected US inventory build-up, record output
Mubasher: Oil prices fell on Thursday on a report of an unexpected increase in the US crude stockpiles.
Global Markets brief
18 July 05:40 PM US crude stockpiles climb beyond forecasts; oil extends further fall
US crude oil inventories rose by 5.8 million barrels to 411.2 million barrels in the week ended 13 July, as shown by the EIA data
Global Reports
18 July 04:51 PM Rolls-Royce to develop cockroach, snake maintenance mini robots
Rolls-Royce announced plans to develop robotic bugs that would enable it to detect and fix problems in aircraft engines.
Global Reports
18 July 03:56 PM US private housing starts plunge 12.3% in June
The US Census Bureau and the US Department of Housing along with the Urban Development announced new residential construction statistics on Wednesday.
Global Reports
18 July 02:20 PM Google fined $5bn in EU antitrust case
Google Inc. on Wednesday was fined EUR 4.34 billion by the European Union in an antitrust case.
Global Markets brief
18 July 01:42 PM Russia accesses Facebook user data via Cambridge Analytica
Mubasher: A member of the UK parliament claimed that the Facebook data gathered by Cambridge Analytica (CA) was accessed from Russia.
Global Reports
18 July 01:00 PM Eurozone annual inflation grows 2% in June, EU stabilises
Mubasher: The Eurozone annual inflation inched up to 2% in June, from 1.9% a month earlier.
Global Reports
18 July 10:59 AM Oil slips on rising US inventories, fading demand concerns
Mubasher: Oil prices dropped on Wednesday, as the US posted a rise in its crude inventories last week, which came beyond expectations.
Oil and Energy
17 July 09:44 PM Fed chairman commits to raising interest rates
Powell stressed that the American economy is growing at a solid pace
Global Reports
17 July 06:51 PM Global 2017 energy investment drops amid security, climate change concerns
Investment in the global energy industry dropped for the third consecutive year, triggering worries over the world’s capacity to supply sufficient power, the IEA reported.
Global Economy
17 July 05:13 PM Japan, EU ink deal to cancel tariffs by 99%
Japan and the EU signed a massive free trade agreement on Tuesday, which includes cancelling a99% of tariffs on exports.
Global Markets brief
17 July 02:47 PM Boeing unveils $9.6bn new order by US aircraft lessor
Mubasher: US planemaker Boeing Co. has announced that it received a $9.6 billion aircraft order from Air Lease Corporation (ALC).
Global Reports
17 July 01:22 PM Jeff Bezos becomes richest man as wealth passes $150bn
US billionaire Jeff Bezos's fortune reached a new record at $151 billion after gains on Amazon’s stock
Global Indices
17 July 11:53 AM UK employment climbs; wage growth hits 6M low
The number of working people in the UK rose between the period from December 2017 to February 2018 and in the March-May period of this year.
Global Reports
17 July 10:19 AM Oil recovers from 3M low on escalating Norwegian worker strike
Mubasher: Crude prices rose on Tuesday, with Brent recovering from a three-month low, after a growing number of Norway's oil workers went on strike.
Oil and Energy
Dana Gas eyes more revenues from Kurdistan in H2
16 July 04:40 PM Dana Gas eyes more revenues from Kurdistan in H2
By: Mahmoud Gamal Abu Dhabi – Mubasher: Dana Gas expects to see additional revenues in the second half of 2018 after the first phase of expansion operations in the Kurdistan Regional Government (KRG) of Iraq are completed, the company’s head of …
Companies Investments
16 July 04:28 PM US July manufacturing business retreats from 8M high
Mubasher: US manufacturing business activity sustained its expansion almost as briskly as in July, while prices continued to increase moderately.
Global Markets brief
16 July 03:50 PM US retail sales extends growth with 0.5%
Preliminary reading suggested that US retailers saw sales rise in June, after a huge gain in May, while indicating a strong economic growth
Global Reports
16 July 11:08 AM China refinery runs rise though higher oil prices impact teapots
Mubasher: Chinese refinery runs increased in June, as state-run oil majors ramped up the production of fuel products.
Oil and Energy
16 July 10:23 AM Oil retreats on potential supply hikes, Trump-Putin summit
Mubasher: Oil prices dropped on Monday on easing worries over supply outages and the resumption of export activities at Libyan ports.
Oil and Energy
12 July 05:12 PM US, UAE dismantle Iranian finance network
Currency exchanges had used the UAE financial system to transfer cash out of Iran and convert it into USD
Currencies
13 July 07:01 PM India’s June trade deficit hits 5-yr high
India's trade deficit widened in June to more than five-year high, on the back of higher prices for imported crude oil, despite the sharp
Global Markets brief
13 July 06:25 PM US consumer confidence declines in July on tariff concerns
The University of Michigan's initial data indicated that the US consumer confidence slipped in early July from May.
Global Reports
13 July 04:06 PM US import prices unexpectedly fall 0.4% in June
The US import prices declined 0.4% in June after rising sharply 0.9% in the previous month, hitting the steepest fall since 0.5% in February 2016.
Global Markets brief