Qatar news

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

Currencies

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.

Global Reports

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

Oil and Energy

12:26 AM Gold settles lower Thursday

Gold prices declined on Thursday, with the US dollar showing a strong performance against major currencies

Goods and Metals

Bahrain's government is currently working on a raft of policies to prop up startups

13 December 09:20 PM Bahrain eyes becoming innovative hub for startups in GCC- EDB

By: Mohammad Shokhba Cairo – Mubasher: Bahrain is seeking to be the innovative hub for startups in the GCC region, Mohamed Hejres, senior manager of investors relations and government affairs at the Bahrain Economic Development Board (EDB), said. …

Companies Investments

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.

Oil and Energy

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.”

Global Markets brief

13 December 05:47 PM QSE loses 142 pts in week

Market capitalisation went down 0.96% to QAR 589.63 billion

Global Markets brief

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.

Global Reports

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.

Global Markets brief

The acquisition gives the European dairy giant full ownership of a cheese production site in Bahrain

13 December 04:34 PM Danish Arla Foods to acquire Mondelez International’s ME cheese business

Mubasher: Danish dairy group Arla Foods has reached a deal with US Mondelez International to acquire its processed cheese business in the Middle East region. The acquisition gives the European dairy giant full ownership of a cheese production site …

Mergers and Acquisitions

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.

Global Markets brief

13 December 03:48 PM Turkey C.bank holds interest rate unchanged

Turkey's central bank on Thursday kept its benchmark rate unchanged.

Global Markets brief

13 December 03:31 PM Swiss C.bank maintains ultra-loose policy, slashes inflation outlook

Switzerland's central bank left its expansive monetary policy unchanged, lowering its inflation forecast for next year citing strong Swiss franc and economic downside risks.

Global Reports

13 December 02:59 PM Norway C.bank puts rate on hold, expects slower tightening pace

Norway's central bank left its benchmark interest rate unchanged, but said it would tighten cost of borrowing at a slightly slower pace than previously planned.

Global Reports

The industrials sector was the best performer after jumping 17.43%

13 December 02:22 PM QSE goes up 23 pts at Thursday’s close

Mubasher: The Qatar Stock Exchange (QSE) closed Thursday’s trading session with a positive performance after growing 0.22%, or 22.95%, to 10,456.14 points. The bourse’s traded volume stood at 6.72 million shares, up from 4.44 million during the …

Trading Activities

13 December 01:47 PM Global oil supply could tighten more rapidly in 2019–IEA

The global oil market could shift into supply shortage sooner than expected, the International Energy Agency said on Thursday.

Oil and Energy

13 December 12:51 PM Apple plans to establish $1bn campus in Texas

Apple on Thursday said that it would invest $1 billion to build a new campus in Texas, with another $10 billion for new data centres.

Global Markets brief

Brent crude, February futures, added 0.5%

13 December 12:33 PM Kuwait crude oil adds 79 cents on Wednesday – KPC

Mubasher: The price of Kuwait’s crude oil increased by 1.35% or 79 cents to settle at $58.90 per barrel on Wednesday compared to $58.11 pb in the previous session, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the …

Commodities

13 December 12:33 PM S&P affirms CBQ’s rating at ‘A-2’; outlook ‘Stable’

The rating agency has also changed its outlook to the bank to stable instead of negative

Global Markets brief

13 December 12:31 PM S&P affirms Ooredoo’s rating at ‘A-/A-3’; outlook ‘Stable’

The move comes due to the revision of Qatar’s outlook to stable

Global Reports

13 December 12:24 PM Philippines holds key rate after hiking streak on cooling inflation

The Philippine central bank held its benchmark interest rate steady, for the first time in six meetings as inflation pressures cooled, and the peso strengthened.

Global Markets brief

13 December 12:05 PM 7 killed, dozens injured in Turkey train collision

Seven people were killed and 46 others were injured in Turkey, after a high-speed train collided with another rail engine, crashing into a pedestrian overpass.

Global Reports