Levant news

58 minutes ago Oil settles lower after mixed performance
The American Petroleum Institute (API) is scheduled to issue its weekly report later.
2 hours ago Gold records first gains in four days
Concerns regarding the Turkish economic crisis are cooling down
3 hours ago Brexit deal should be flexible - Merkel
German Chancellor Angela Merkel said on Tuesday that any agreement between the United Kingdom and the European Union should be flexible
4 hours ago US household debt nearly triples in Q2
This is the 16th consecutive quarter of increases
14 August 06:24 PM 22 killed after highway bridge collapses in Italy
At least 22 people were killed after a motorway bridge collapsed on torrential rains that hit buildings in north Italy on early Tuesday.
14 August 05:33 PM US import inflation accelerates to 6.5-yr high in July
The costs of the US import remained flat in July after declining in June.
14 August 05:03 PM Erdogan urges Turks to boycott US electronics     
Turkish President Recep Tayyip Erdogan on Tuesday stated that his country will boycott US electronic products, including Apple’s iPhones.
14 August 03:47 PM US small business owner morale hovers record high in July
Positive sentiment among US small businesses saw an improvement in July, recording the second highest level in history.
14 August 03:09 PM German economic morale improves in August
German economic confidence saw a more-than-expected a resilient gain in August, survey data showed on Tuesday.
14 August 02:38 PM Canada’s largest builder faces new growth risk amid Saudi spat
As the diplomatic feud between Canada and Saudi Arabia is escalating, one of the major pillars of SNC-Lavalin Group’s growth plans stood at stake.
14 August 01:12 PM Eurozone industrial output drops 0.7% in June, EU28 0.4%
The Eurozone's industrial production declined 0.7% in June, compared with the previous month, data showed on Tuesday.
14 August 12:53 PM Germany’s economic growth accelerates in Q2 amid cautious outlook
Germany’s economic growth gained momentum in the second quarter of 2018, official data showed on Tuesday.
14 August 12:47 PM Updated Eurozone, EU28 Q2 economic growth confirmed at 0.4%
Gross domestic product (GDP) in Eurozone and the 28-member European Union (EU28) rose 0.4% in the second quarter of 2018, compared with the previous quarter.
14 August 12:12 PM Updated UK jobless rate slips in Q2; wage growth declines
The UK Labour Force Survey estimates indicated that the number of working people rose between the first quarter and the second quarter of 2018.
14 August 11:02 AM China’s economy slows in July as investment hits two-decade low
China’s business activity has seen a further slowdown during July, as investment hit an almost two-decade low, official data revealed on Tuesday.
14 August 10:29 AM Saudi output cut drives oil higher despite economic slowdown
Oil prices inched up on Tuesday after the Organization of Petroleum Exporting Countries (OPEC) confirmed that Saudi Arabia trimmed production to evade potential oversupply
Global oil prices declined
14 August 10:16 AM Kuwait’s crude oil adds 62 cents – KPC
Mubasher: The price of Kuwait’s crude oil increased by 62 cents to settle at $70.53 per barrel (pb) on Monday compared to $69.91 pb in the prior session, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, …
13 August 06:40 PM China not to weaponise yuan rate in trade war
The People's Bank of China has stated that it would not use the yuan exchange rate in the so-called trade war with the US.
13 August 06:17 PM Russia dismisses Skripal case accusations baseless
Russian foreign ministry on Monday said that allegations of Moscow’s involvement in the poisoning of a former Russian double agent, were groundless.
13 August 06:04 PM Saudi PIF in talks to fund Tesla’s bid – CEO
Saudi Arabia's Public Investment Fund (PIF) has been in discussions since about two years with Tesla's CEO Elon Musk, during which it pressed for
13 August 05:13 PM OPEC output rises in July on Nigeria, Kuwait, UAE supplies
Oil production from the Organization of Petroleum Exporting Countries (OPEC) rose in July, despite supply shortfalls from Libya, Iran and Saudi Arabia.
13 August 03:49 PM Turkey financial crisis renders lira more erratic than bitcoin
In the light of the extreme changes in the value of the Turkish lira (TRY), the notoriously erratic bitcoin seemed tame by comparison.
13 August 03:00 PM Economic mismanagement harms Iran most – supreme leader
Iran's Supreme Leader Ayatollah Ali Khamenei on Monday blamed the government for economic mismanagement, saying that more improvement to its performance is needed.
13 August 02:26 PM US demands UK to abandon support for Iran nuclear pact
The US urged the UK to ditch its support for the 2015 nuclear accord with Tehran and unite with Washington to face the global threat.
13 August 01:49 PM North, South Korea agree to hold 3rd summit in September
North and South Korea on Monday agreed on holding a summit in the North in September.