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.

Goods and Metals

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

Oil and Energy

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

Global Reports

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.

Global Reports

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.

Global Markets brief

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.

Global Reports

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.

Global Reports

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.

Global Markets brief

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.

Global Reports

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.

Global Reports

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.

Global Markets brief

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.

Global Markets brief

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.

Global Reports