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27 May 02:53 PM

Global Economy

02:52 AM China to allow Qualcomm’s acquisition of NXP
Chinese authorities are set to approve the $44 billion acquisition by Qualcomm of NXP Semiconductors
Global Reports
26 May 06:03 PM Erdogan asks Turks to sell USD, EUR to help lira
The president of Turkey has called upon citizens to give up on their savings in foreign currencies
Global Reports
26 May 05:40 PM Oil prices at $60 pb suitable for Russia - Putin
Russian President Vladimir Putin said on Friday that oil price of $60 per barrel suited Russia
Oil and Energy
25 May 05:36 PM US consumer confidence falls in May
The University of Michigan's final data suggested indicated a decrease in the US consumer confidence during May.
Global Markets brief
25 May 04:48 PM Samsung ordered to pay Apple $539m over patent breach
Samsung was ordered by the US district court in California to pay a total of $539 million to Apple over patent infringements.
Global Markets brief
25 May 03:53 PM US durable goods orders drop1.7% in April
Demand for the US manufactured durable goods declined in April owing to a decline in contracts for Boeing.
Global Markets brief
25 May 02:50 PM OPEC, Russia mull oil output increase
Saudi Arabia and Russia are considering the increase of crude output from OPEC and non-OPEC exporters by nearly 1 million bpd.
Global Reports
25 May 01:08 PM Oil slides Friday on Russia’s hints soft output increase
Oil on early Friday dropped on Russia's possible gradual increase of its output after withholding crude production under the supply cut deal with OPEC.
Global Reports
25 May 12:28 PM German Ifo stops declining in May; business morale unchanged
German economy has shown that the slowing trend has ceased in May, according to survey data released by the Ifo institute.
Global Reports
25 May 11:51 AM UK GDP slows to 0.1% in Q1
The UK gross domestic product (GDP) in the first quarter of 2018 increased to 0.1%, according to the second reading.
Global Reports
25 May 11:16 AM More than dozen injured in Canada explosion
More than a dozen people in Canada have been injured after two men detonated an explosive device, the Canadian police said on Friday.
Global Reports
24 May 06:13 PM IMO 2020 emission measures to boost crude prices–analysts warn
IMO said it would enforce new emission control standards on n 1 January 2020, amid worries regarding the oil industries.
Global Reports
24 May 06:07 PM US natural gas storage rise near expectations
Natural gas storage in the United States increased by 91 billion cubic feet last week
Oil and Energy
24 May 05:57 PM Homes sales in US rise 2.5% in April
Sales of previously-owned homes in the United Stated declined last month
Global Reports
24 May 05:11 PM Trump cancels meeting with Kim Jong-Un
Pyongyang recently attacked both the US and South Korea
Global Reports
24 May 05:02 PM North Korea shuts a nuclear test site
North Korea on Thursday implemented what it described as the demolition of its test nuclear site in the presence of foreign reporters, reports said.
Global Reports
24 May 04:56 PM Putin wants 4% growth for Russian economy
The Central Bank stressed that the Russian economy has emerged from recession
Global Reports
24 May 04:21 PM Macron, Putin to discuss major issues, sanctions
French President Emmanuel Macron is meeting his Russian counterpart Vladimir Putin
Global Reports
24 May 04:07 PM US unemployment claims rise 11,000 for 2nd week
Mubasher: US unemployment claims increased 11,000 week-on-week to 234,000 claims in the week ended 19 May.
Global Reports
24 May 03:10 PM Uber’s revenue surges 67% in Q1, losses down 49%
Uber reported strong revenues and reduced losses in the first quarter ended March, announcing a new tender offer that values it at nearly $62 billion
Global Markets brief
24 May 03:05 PM Firms in 75 states source 465TWH renewable energy in 2017
Oil and Energy
24 May 01:57 PM Lenovo incurs $189m loss in FY 17/18
Mubasher: China-based Lenovo Group on Thursday announced turning to loss for the fiscal year (FY) 2017/2018.
Global Reports
24 May 01:39 PM Singapore raises 2018 growth estimates after GDP Q1 rise
Mubasher: Singapore's economy grew faster than initial estimates during the first quarter of 2018.
Global Markets brief
24 May 01:35 PM Germany's sonnen gets EUR 60m Shell Ventures funding
sonnen announced that it has finalised the latest funding round from a group of investors headed by Shell Ventures
Global Markets brief
24 May 12:48 PM Volvo to hike XC40 small SUV production in Europe, China
Sweden-based Volvo Car Group has revealed plans to boost the production of its new model XC40 small SUV in China and Europe
Global Markets brief