Levant news

24 December 2018 02:08 PM Gold leaps $9 Monday on US, global economic slowdown worries

Gold prices jumped on Monday, encouraged by investors’ abiding worries about political uncertainty in the US and global economic slowdown.

Global Economy

24 December 2018 10:55 AM S. Korea fines BMW $10m over engine fire crisis

South Korea's transport ministry would fine German carmaker BMW $10 million over engine fires that took place in the country.

Global Reports

24 December 2018 10:21 AM Oil rebounds Monday as low prices weigh US shale output

Oil prices levelled up more than 1% on Monday as the recent price drop may begin taking its toll on US shale supplies.

Goods and Metals

23 December 2018 05:54 PM Iraq oil minister optimistic about prices in 2019; Qatar unsure

Iraq’s oil minister projected “an improvement” in oil prices in 2019.

Oil and Energy

22 December 2018 00:16 AM Oil records 11% weekly drop

Oil prices fell on Friday, as fears of a supply glut continues

Oil and Energy

22 December 2018 00:07 AM Gold settles 1.3% higher for the week

Gold prices fell on Friday for the first time in five sessions, as the US dollar recovered against major currencies

Goods and Metals

21 December 2018 08:53 PM US extends Iraq’s permission to purchase Iranian gas

The United States has given Iraq a permission to buy Iranian natural gas without penalty for at least three more months

Oil and Energy

21 December 2018 06:39 PM US consumer sentiment improves in late December

The University of Michigan revised data indicated that the US consumer confidence improved in late December as US citizens were more positive about economic conditions.

Global Markets brief

21 December 2018 06:19 PM US consumer spending outruns personal income growth in November

US consumers ramped up their spending in November as their personal income rose, official data showed on Friday.

Global Reports

21 December 2018 05:57 PM Leonardo DiCaprio’s charity raises $100m in climate change fight

Leonardo DiCaprio’s foundation has raised until now $100 million for helping the fight against climate change.

Global Reports

21 December 2018 05:19 PM Ford to recall 874,000 trucks in N.America over fire risks

Ford on Friday said that it would recall 874,000 pickup trucks in North America, equipped with engine block heaters over fire risks.

Global Markets brief

21 December 2018 05:01 PM US economy grows at 3.4% in Q3

The real gross domestic product of the US rose at an annual rate of 3.4% in the third quarter of this year.

Global Reports

21 December 2018 04:41 PM US durable goods orders rise in November

Demand for the US manufactured durable goods rose in November, according to official data released on Friday.

Global Markets brief

21 December 2018 03:55 PM Gatwick Airport reopens Friday after drone disruption

Gatwick Airport re-opened at 6:00 am GMT on Friday, following a shutdown for over 32 hours after multiple sightings of drones in the runway area.

Global Markets brief

21 December 2018 03:05 PM 13 killed in coal mine blast in Czech Republic

13 workers were killed in a methane explosion that hit a coal mine in northeast Czech Republic, a mining company said on Friday.

Global Reports

21 December 2018 02:42 PM Volkswagen plans to axe 7,000 jobs in Germany – Report

Volkswagen would cut around 7,000 jobs in German factories over the next years, a news report said.

Global Reports

21 December 2018 02:32 PM Nissan’s ex-chair Ghosn faces new charges

Japanese authorities on Friday re-arrested Nissan’s former chairman Carlos Ghosn on suspicion of aggravated breach of trust.

Global Markets brief

21 December 2018 01:28 PM UK public borrowing declines to 14-yr low in November

The UK's public sector net borrowing, excluding public banks, declined by GBP 0.9 billion year-on-year to GBP 7.2 billion in November.

Global Reports

21 December 2018 01:09 PM UK economy grows 0.6% in Q3

The UK gross domestic product for the third quarter rose 0.6% compared to the previous quarter, marking the fastest rate in nearly two years.

Global Reports

21 December 2018 00:51 PM UK current account deficit swells in Q3

The UK current account deficit expanded during the third quarter of this year from the previous quarter.

Global Markets brief

21 December 2018 00:08 PM Gold Friday retreats from 6M-peak

Gold prices declined on Friday, having steadied in the previous session at around six-month peak.

Global Markets brief

21 December 2018 11:34 AM Oil climbs on deeper-than-expected OPEC output cuts

Oil rose on Friday, amid indications that the supply cuts announced by the Organization of Petroleum Exporting Countries will be deeper than expected.

Global Markets brief