Morocco news

19 July 07:02 PM India gov’t mulls loans from foreign banks for small firms

Mubasher: The Indian government was in talks with foreign lenders to extend up to $14.5 billion lines of credit to millions of its small firms.

Global Reports

19 July 05:10 PM US consumer confidence stands firm in early July

Mubasher: Initial estimates by the University of Michigan indicated that the US consumer sentiment slightly grew virtual change during the first half of July.

Global Reports

19 July 04:39 PM UK lawmakers see indecision on Huawei hurting international relations

Mubasher: The next UK prime minister should urgently decide on the part which Huawei would take in the fifth-generation networks.

Global Markets brief

19 July 03:26 PM Microsoft’s quarterly profit climbs 49%

Mubasher: Microsoft said that its net income climbed by 49% year-on-year in the fourth quarter of its 2019 fiscal year, while revenue rose by 12%.

Global Markets brief

19 July 02:49 PM Boeing to take $5bn charge over 737 Max crisis

Mubasher: Boeing would deal an around $5 billion blow in the second quarter due to the worldwide grounding of its 737 Max jets.

Global Reports

19 July 02:20 PM US, China hold phone talk second time since Trump-Xi meeting

Mubasher: US and Chinese top officials held phone talks this week, the second call since a late June meeting.

Global Markets brief

19 July 01:05 PM Iran captures crude carrier near Hormuz Strait–state media

Mubasher: Iran captured a foreign-flagged oil carrier near the strategic Strait of Hormuz, the state-owned media outlets announced.

Global Reports

19 July 12:44 PM IEA rules out ‘huge increase’ in oil prices

Mubasher: The International Energy Agency dismissed the possibility of a significant rally in oil prices, citing a slowing demand growth and global market oversupply.

Oil and Energy

19 July 12:25 PM Gold retreats from 6-yr peak amid dovish Fed, ME tensions

Mubasher: Gold prices declined on Friday as investors took advantage of the bullion’s nearly six-year peak to book profits.

Goods and Metals

19 July 11:41 AM UK public borrowing rises in June

Mubasher: The UK’s public sector net borrowing, excluding public banks, rose by GBP 3.8 billion to GBP 7.2 billion ($8.98 billion) in June.

Global Markets brief

19 July 11:29 AM Eurozone current account surplus grows in May

Mubasher: The Eurozone’s current account surplus expanded in May compared with April, but saw a year-on-year drop over the 12-month period ended the reported month.

Global Markets brief

19 July 11:08 AM Oil jumps after US Navy hits Iranian drone

Mubasher: Oil prices climbed on Friday as tensions erupted again in the Middle East after a US Navy ship hit an Iranian drone.

Global Reports

19 July 12:09 AM Oil settles lower on Thursday

Mubasher: Oil futures went down at Thursday’s settlement, as US natural gas inventories grew.

Oil and Energy

18 July 11:04 PM Gold ends higher on Thursday

Mubasher: Gold went up at Thursday’s settlement, which is its highest level in six years.

Goods and Metals

18 July 07:08 PM US Treasury rules out change to dollar policy

Mubasher: US Treasury Secretary dismissed any change in the dollar policy “as of now,” yet did not exclude the possibility of a policy shift.

Global Reports

18 July 06:09 PM Philadelphia Fed manufacturing gauge posts 1-yr peak in July

Mubasher: The Philadelphia Federal Reserve on Thursday said that its gauge on the US Mid-Atlantic business activity climbed to its highest level since a year.

Global Markets brief

18 July 05:33 PM US natural gas inventories climb as prices rise

Mubasher: The US natural gas storage increased by 62 billion cubic feet in the week ended 12 July, to a total of 2,533 Bcf.

Global Reports

18 July 05:23 PM Huawei’s European phone sales plunge in June – Kantar

Mubasher: Huawei’s smartphone sales in Europe tumbled in June, when the Chinese tech behemoth’s access to essential handset software was jeopardised by Washington’s supply ban.

Global Reports

18 July 04:28 PM Renault to assemble, sell vehicles in Nigeria

Mubasher: Renault plans to assemble two low-cost vehicles in Nigeria within the framework of a partnership with local conglomerate Coscharis.

Global Reports

18 July 03:57 PM Amazon faces EU antitrust probe; risks $23bn fine

Mubasher: The European Union opened a formal antitrust investigation whether the online retailer was using sales data to win a competitive edge over smaller sellers.

Global Reports