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07 April 09:42 PM

Gulf news

27 November 2019 10:51 AM Gold declines on upbeat remarks on US-China trade deal
Mubasher: Gold traded lower on Wednesday following US President Donald Trump's remarks on a soon preliminary trade deal with Beijing, supporting risk-on sentiment.
Global Reports
27 November 2019 10:29 AM Oil dips as US inventories rise; trade hopes cap losses
Mubasher: Oil retreated, after industry figures revealed an unexpected rise in US crude inventories, yet losses were limited on US-China trade optimism.
Global Markets brief
26 November 2019 07:19 PM Mid-Atlantic manufacturing activity eases in November
Mubasher: Manufacturing activity across Mid-Atlantic states eased in November, due to dropping shipments and new orders.
Global Markets brief
26 November 2019 06:52 PM US new home sales fall in October
Mubasher: Sales of new houses in the US fell surprisingly in October, following solid gains, yet housing market remained well supported by low mortgage rates.
Global Reports
26 November 2019 06:30 PM US consumer sentiment posts fourth decline in November
Mubasher: US consumer confidence fell for the fourth month running in November, with a gauge measuring sentiment recording a fractional decline, according to a survey.
Global Reports
26 November 2019 05:34 PM Volkswagen’s Audi unit seeks to cut 9,500 jobs by 2025
​​​​​​​Mubasher: Talks between German automaker Volkswagen’s Audi unit and labour representatives are reportedly making progress, Audi spokesman stated on Tuesday.
Global Reports
26 November 2019 02:59 PM BoE fines $56m Citigroup on regulatory failings
Mubasher: The Bank of England fined Citigroup GBP 43.9 million on Tuesday, over failure to deliver accurate regulatory returns to the central bank.
Global Reports
26 November 2019 02:28 PM Leading energy companies rush to adopt predictive maintenance tech–Report
Mubasher: Several energy majors, including Shell, ExxonMobil and BP, have been adopting predictive maintenance technologies for assessing the condition of their operational equipment.
Global Markets brief
26 November 2019 01:24 PM Hyundai to invest $1.55bn in first Indonesia auto plant
Mubasher: Hyundai Motor signed a memorandum of understanding with the Indonesian government to establish its first manufacturing facility in the Asian nation.
Global Markets brief
26 November 2019 00:40 PM German consumer confidence to slightly improve in December–GfK
Mubasher: German consumer sentiment is set to improve slightly heading into December, signalling that household spending will continue to catalyse growth in Europe's leading economy.
Global Reports
26 November 2019 11:03 AM Gold edges down on US-China trade optimism
Mubasher: Gold prices declined on Tuesday, as comments from both Washington and Beijing raised the prospects of both side hammering out a preliminary trade deal.
Global Reports
26 November 2019 10:27 AM Oil stabilises amid hopes on US-Sino trade progress
Mubasher: Oil prices stabilised on Tuesday, as remarks from Washington and Beijing kept hopes alive on a soon end to their bitter trade war.
Global Reports
25 November 2019 06:06 PM China, US reach ‘broad consensus’ over ‘Phase 1’ deal–Report
Mubasher: China and the US were very close to a "Phase One" trade agreement, according to the Communist Party-run People's Daily tabloid, the Global Times.
Global Reports
25 November 2019 05:13 PM Dior owner LVMH to acquire jeweller Tiffany for $16bn
Mubasher: World's biggest luxury house LVMH will take over US jewellery maker Tiffany for approximately $16.2 billion, the Paris-based company said on Monday.
Global Reports
25 November 2019 04:37 PM UK parliament to be summoned on 17 December–Gov’t
Mubasher: The UK parliament is set to be summoned on 17 December after the general election, Downing Street said on Monday.
Global Markets brief
25 November 2019 04:11 PM Charles Schwab acquires TD Ameritrade for $26bn in stock deal
Mubasher: Charles Schwab will take over its rival TD Ameritrade for approximately $26 billion in an all-stock transaction, the investment brokerage giant said.
Global Markets brief
25 November 2019 02:55 PM Uber stripped of London operator licence
Mubasher: Uber has been stripped of its licence to operate in London, after the transport authorities refused to grant the US ride-hailing company a renewal.
Global Markets brief
25 November 2019 02:31 PM German business morale slightly rises in November
Mubasher: German business sentiment marginally improved in November, suggesting that Europe's biggest economy was still resilient after shrinking earlier in the year.
Global Reports
25 November 2019 11:00 AM Gold slips as US-China trade optimism re-kindles risk-taking appetite
Mubasher: Gold declined on Monday after the US and China expressed their desire to ink an interim trade agreement by the end of this year.
Global Markets brief
25 November 2019 10:32 AM Oil advances on rekindled US-Sino trade hopes
Mubasher: Oil prices edged up on Monday amid positive headlines that revived hopes that the US and China could soon hammer out an initial deal.
Global Markets brief
22 November 2019 06:44 PM US private sector posts fastest growth in 4M
Mubasher: US private sector activity grew faster in November, recording the highest level since four months, led by stronger expansion in manufacturing and services sectors.
Global Markets brief
22 November 2019 06:36 PM US consumer sentiment unexpectedly improves in November
Mubasher: US consumer confidence saw a surprise improvement in late November, according to the University of Michigan.
Global Markets brief
22 November 2019 05:41 PM WeWork axes 2,400 employees worldwide amid growing losses
Mubasher: Beleaguered office space startup WeWork said that it would cut 2,400 employees worldwide, as its losses were continuing to mount.
Global Markets brief
22 November 2019 05:15 PM Russia’s Gazprom preps to sell 3.6% of shares–Report
Mubasher: Russian oil major Gazprom was preparing to sell 3.6% of its shares to one buyer, the RIA news agency reported on Friday.
Global Markets brief
22 November 2019 04:41 PM Bitcoin plunges to 6M trough on China’s crypto crackdown
Mubasher: Bitcoin hit a six-month low after China's central bank waged a fresh crackdown on digital currencies, as it warned against issuing or trading them.
Global Reports