Levant news

17 December 2018 05:38 PM Google to invest $1bn in New York campus

Alphabet's Google plans to invest more than $1 billion on a new campus in New York.

17 December 2018 04:19 PM Gold edges up as dollar retreats; markets await Fed meeting

Gold prices rose on Monday as the US dollar retreated from around 18-month highs, boosting appetite for the precious metal among holders of other currencies.

Global Reports

17 December 2018 03:58 PM Malaysia lodges charges against Goldman Sachs

Malaysia filed criminal charges against Goldman Sachs on its dealings with a state investment fund in the wake of a multibillion-dollar corruption scandal.

Global Reports

17 December 2018 03:03 PM Occidental Oman signs $58m oil deals

Occidental Oman has signed two agreements at a combined value of OMR 22.3 million ($58 million) for exploring oil and gas

Oil and Energy

17 December 2018 02:43 PM IMF may slash global growth forecasts next January

Trade disputes are already taking a heavy toll on business confidence and investment in Asia, while the IMF global growth projections could be lowered.

Global Markets brief

17 December 2018 01:57 PM Dozens injured in Japan's bar explosion

At least 42 people were injured, including one critically, after an explosion near a pub in the northern Japanese city of Sapporo on Sunday night.

Global Markets brief

17 December 2018 01:31 PM Eurozone trade surplus shrinks in October

The Eurozone trade balance surplus came in at EUR 14 billion ($15.88 billion) in October, down year-on-year from EUR 17.8 billion.

Global Reports

17 December 2018 01:16 PM Eurozone annual inflation declines to 1.9% in November, EU 2%

The final estimates indicated that the Eurozone annual inflation declined to 1.9% in November, from 2.2% in October, according to official data released on Monday.

Global Markets brief

17 December 2018 00:59 PM Global oil demand to grow 1.5m bpd in 2018 –KAMCO

Kuwaiti investment company, KAMCO, left its projections for global oil demand growth in this year unchanged from last months.

Global Markets brief

17 December 2018 11:35 AM Oil hits 14M trough in November, early December– KAMCO

Oil prices extended their fall during November and the first half of December, retreating from a four-year high to the lowest level in 14 months.

Oil and Energy

15 December 2018 00:12 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

15 December 2018 00:09 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 2018 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 2018 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 2018 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 Reports

14 December 2018 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 2018 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 Markets brief

14 December 2018 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 Reports

14 December 2018 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 2018 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 Markets brief

14 December 2018 00:14 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 2018 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 2018 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