Global Economy

19 October 11:36 PM Kaplan: 2 or 3 interest hikes will be neutral
Dallas Federal Reserve President Robert Kaplan expressed on Friday his support for more interest hikes by American monetary policymakers
19 October 11:33 PM Carney: Fed raising interest for good reasons
The Governor of the Bank of England, Mark Carney said on Friday that the United States Federal Reserve is raising interest rates for valid reasons
19 October 11:28 PM Oil narrows weekly losses
Crude inventories in the United States rose by 6.5 million barrels last week
19 October 10:05 PM Gold settles lower, records weekly gains
The precious metal saw some selling pressures as the USD neared its highest level in two months
19 October 09:59 PM Renewables in India to grow 5% by 2022
Rising interest rates are putting a question mark on the viability of solar projects
19 October 06:23 PM Goldman Sachs forecasts 5 more Fed rate hikes
Goldman believes the Federal Reserve needs to generate a significant tightening in financial conditions
19 October 05:57 PM Robust aero, warehouse automation sales boost Honeywell Q3 profit
Mubasher: Honeywell International Inc on Friday reported better-than-expected profits for the third quarter of this year
19 October 04:39 PM InterContinental Hotels revenue up 1% in Q3
Mubasher: InterContinental Hotels Group PLC on Friday posted a 1% year-on-year increase in the comparable revenue per available room for the third quarter of 2018.
19 October 04:05 PM P&G Q1 sales beat estimates
Mubasher: Procter & Gamble Co (P&G) on Friday reported a robust rise in sales for the first quarter of this year
19 October 03:36 PM Volkswagen begins operation at China EV plant
Mubasher: Volkswagen AG on Friday announced it has commenced construction work on a $2.45 billion plant in Shanghai to produce electric cars and battery systems
19 October 03:14 PM State Street Q3 profit up 13%, misses estimates
Mubasher: State Street Corp. reported a 13% year-on-year growth in profits for the third quarter of 2018
19 October 02:58 PM Schlumberger logs $644m profit in Q3
Mubasher: The US-based energy giant Schlumberger Ltd on Friday reported a net income of $644 million, or 46 cents per share, for the third quarter
19 October 02:35 PM UK public borrowing hits 11-yr low in September
Mubasher: The UK’s public sector net borrowing, excluding banks, slipped by GBP 800 million year-on-year in September to GBP 4.1 billion
19 October 01:35 PM Eurozone’s current account sees EUR 24bn surplus in August
Mubasher: The current account of the Eurozone increased by nearly EUR 5 billion in August, recording a surplus of EUR 24 billion.
19 October 01:07 PM China's Q3 GDP growth weakest since 2009
Mubasher: China’s economic growth slowed down to its weakest quarterly pace since 2009 amid escalating trade tensions between the country and the US.
19 October 11:40 AM Japan's CPI rises 1.2% in September
Mubasher: Japan's consumer price index grew by 1.2% year-on-year in September amid surging energy costs.
19 October 11:14 AM Volvo Q3 profit rises 38%
Mubasher: Volvo AB posted a 38% year-on-year growth in net profit for the third quarter of this year, beating analysts’ forecast of SEK 6.9 billion.
19 October 10:36 AM Oil prices edge up Friday amid China-US trade war
Mubasher: Oil prices leveled up on Friday on the back of signs indicating a rise in China’s demand
19 October 12:00 AM Oil prices fall to 5 week-low
Nymex futures for November delivery dropped 1.6%
18 October 10:59 PM Gold restores $1,230 level
The yellow metal received a strong support after the Chinese stock exchange fell to its lowest level since 2014
18 October 04:58 PM Japan’s Takeda gets regulator’s approval to acquire Shire Plc
Takeda on Thursday announced that it has received the Japanese Fair Trade Commission for completing the acquisition of Shire Plc.
18 October 04:07 PM US job claims drop 5,000 in week
US job claims declined by 5,000 in the week ended 13 October recording 210,000 claims from 215,000 claims in the previous week.
18 October 02:47 PM Bank of New York Mellon’s revenues hit $4.07bn in Q3
Bank of New York Mellon Corp on Thursday reported a 1% increase in revenues, reaching $4.07 billion during the third quarter of 2018.
18 October 02:17 PM Bill Gates launches green-energy fund, to invest EUR100m in Europe
Bill Gates has announced launching a private green-energy and climate-change supporting fund called Breakthrough Energy ​​​​​​​Venture (BEV).
18 October 01:29 PM Volkswagen to start diesel car exchange programme
Volkswagen AG on Thursday stated that it will launch a programme in 14 cities to exchange old diesel vehicles with newer models.