Global Economy

12:12 AM Gold down 0.9% for the week
Gold prices fell on Friday, due to a strong performance by the US dollar driven by strong economic data.
12:09 AM Oil prices record 2.5% weekly losses
Oil prices declined on Friday, with growing concerns regarding a possible weakened global energy demand
14 December 08:30 PM Moody's affirms Lebanon's rating, downgrades outlook
Moody's Investors Service changed the outlook to negative from stable on the Government of Lebanon's issuer ratings and affirmed the ratings at B3
14 December 05:52 PM US industrial output growth picks up steam in November
US industrial production expanded in November on the back of cold weather-induced utility usage, data by the Federal Reserve Bank showed on Friday.
14 December 04:53 PM Tesla lowers China car prices after tariff drop US autos
Tesla lowered prices for its Model S and Model X vehicles in China, after Beijing decided to suspend extra duties on autos from the US.
14 December 04:37 PM US retail sales rise 0.2% in November
Initial estimates suggested that US retailers saw a month-on-month sales growth in November, official data revealed on Friday.
14 December 03:57 PM China to halt 25% tariff on US autos
China said it would temporarily put its extra 25% tariff on US vehicles on hold.
14 December 03:05 PM Russia C.bank raises rate, plans to continue FX purchases
Russian Central Bank raised its benchmark interest rate on Friday, in response to rising inflation.
14 December 02:32 PM German C.bank confident in economy, but warns of risks
Germany's Bundesbank voiced its confidence that the economy would overcome its latest slowdown, warning that rising protectionism and a no-deal Brexit threaten the outlook.
14 December 01:03 PM US plans to officially postpone tariff hike to March–Report
The US administration would announce officially its decision to postpone a tariff raise on $200 billion in Chinese imports until 1 March.
14 December 12:14 PM Eurozone business growth hits 4-yr low in December
Provisional estimates for the Eurozone indicated that economic activity growth slowed down in December to the weakest pace in more than four years.
14 December 11:45 AM Gold slips as dollar gains, investors focus on Fed meeting
Gold fell on Friday, as a stronger US dollar weighed on the precious metal which was heading to post its largest fall in five weeks.
14 December 11:14 AM Oil falls on China economy fears, as supply curbs support
Oil fell on Friday amid worries about the slowdown in Chinese economic growth, but supply curbs announced by oil producers offered some support for prices.
14 December 12:48 AM Trump wants Fed to stop interest hikes  
Mubasher: The President of the United States hopes that the Federal Reserve will not be raising interest rates anymore
14 December 12:40 AM US budget deficit up 48% in November 
The United States saw a jump in the budget deficit in November, due to an increased public spending.
14 December 12:34 AM Oil settles with big gains 
Oil prices ended today's trading session on a higher note supported by plans by major producers to cut crude output
14 December 12:26 AM Gold settles lower Thursday 
Gold prices declined on Thursday, with the US dollar showing a strong performance against major currencies
13 December 06:34 PM US natural gas storage drops as prices surge
The US natural gas inventories dropped by 77 billion cubic feet (Bcf) in the week ended 7 December to a total of 2,914 Bcf.
13 December 06:30 PM ECB’s head sees economic risks ‘moving to downside’
The European Central Bank President Mario Draghi warned that economic risks facing the Eurozone are now “moving to the downside.”
13 December 05:10 PM Saudi GAZT, Al Khaleej Training ink SAR 23m deal
Saudi GAZT, Al Khaleej Training ink SAR 23m deal
13 December 05:00 PM US weekly jobless claims drop 27,000 in early December
US unemployment claims dropped 27,000 week-on-week to 206,000 claims in the week ended 8 December, data released on Thursday showed.
13 December 04:50 PM US import prices record largest drop in 3 yrs
The costs of the US import dropped in November, helped mainly by lower fuel prices, data released on Thursday showed.
13 December 04:35 PM TASI hits 8-session high, Nomu surges 71 pts Thursday
TASI hits 8-session high, Nomu surges 71 pts Thursday
13 December 04:02 PM ECB holds interest rates; QE to end in December
The European Central Bank on Thursday decided to keep its key interest rates on hold.
13 December 03:48 PM Turkey C.bank holds interest rate unchanged
Turkey's central bank on Thursday kept its benchmark rate unchanged.