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09 April 08:22 PM

Levant news

22 November 2018 04:19 PM JP Morgan lowers Brent crude price forecasts for 2019
JP Morgan downgraded outlook for oil, projecting global benchmark Brent prices to average $73 per barrel next year, down from previous forecast of $83.50 pb
Oil and Energy
22 November 2018 03:49 PM Sterling jumps as draft post-Brexit deal signals close ties
The UK pound climbed on Thursday as a draft agreement between London and Brussels supported a free-trade accord and close cooperation after Brexit.
Global Markets brief
22 November 2018 03:39 PM China weighs tariff cut on aircraft parts – Report
China is considering tariff cuts on imported plane parts for locally developed commercial aircraft, according to a news report.
Global Reports
22 November 2018 02:49 PM Tesla to cut prices for 2 models in China
Tesla on Thursday said that it would reduce the price of its Model X and Model S vehicles in China.
Global Reports
22 November 2018 02:05 PM China C.bank net FX sales retreat in October
China's central bank continued selling its holdings of foreign exchange in October, scaling back the sale from September.
Global Reports
22 November 2018 01:47 PM Hyundai, Kia under US probe for vehicle recalls
US prosecutors were investigating if vehicle recalls by Hyundai and its affiliate Kia over engine defects were conduct in a proper manner.
Global Markets brief
22 November 2018 01:23 PM EU looks to settle Brexit deal on Sunday – Report
The European Union's 27 national ambassadors would attempt on Thursday to conclude an outline declaration of future relations between the bloc and the UK.
Global Reports
22 November 2018 09:56 AM US markets close Thursday for Thanksgiving
Global Markets brief
22 November 2018 09:54 AM US weekly jobless claims rise 3,000 in mid-November
US unemployment claims rose 3,000 week-on-week to 224,000 claims in the week ended 17 November, data released on Wednesday showed.
Global Markets brief
22 November 2018 09:52 AM Oil dips on rising US inventories; OPEC supply cut expected
Oil prices dropped on Thursday after US crude inventories hit their highest level since December 2017.
Goods and Metals
21 November 2018 11:52 PM Oil settles higher on output cut prospects
Oil prices settled higher on Wednesday supported by expectations that major oil producers earlier next month would agree to withhold supplies.
Global Reports
21 November 2018 11:08 PM Gold settles at 2-week peak, rises week to date
Gold climbed, ending at their highest level in two weeks and rising over the week to date, driven by some weakness in the US dollar.
Global Markets brief
21 November 2018 10:25 PM US oil rigs down first time in 3 weeks
Energy firms in the US this week cut oil rigs for the first time in three weeks, data showed on Wednesday.
Global Reports
21 November 2018 08:04 PM US natural gas storage volume drops as prices decline
The US natural gas inventories dropped by 134 billion cubic feet (Bcf) in the week ended 16 November to a total of 3,113 Bcf.
Oil and Energy
21 November 2018 07:25 PM WTO to rule in disputes over metal tariffs
The World Trade Organization on Wednesday agreed to hear complaints lodged by a group of countries over new US steel and aluminium tariffs.
Global Reports
21 November 2018 07:01 PM US crude inventories rise as oil prices climb
US crude oil inventories rose by 4.9 million barrels to 446.9 million barrels in the week ended 16 November.
Global Reports
21 November 2018 06:56 PM US existing home sales break 6M decline streak in October
US home sales posted their first rise during October after six consecutive months of decline, official data revealed on Wednesday.
Global Markets brief
21 November 2018 06:18 PM US consumer sentiment retreats in late November
The University of Michigan's revised data indicated that the US consumer confidence declined in late November as US citizens' views about the economy deteriorated
Global Markets brief
21 November 2018 05:55 PM Amazon’s Bezos donates $97.5m to charities helping homeless families
Amazon's CEO Jeff Bezos donated $97.5 million to 24 non-profit groups across the US as part of his vow to aid homeless families.
Global Reports
21 November 2018 05:11 PM US top adviser hints at removing China from WTO
One of US President Donald Trump’s senior economic advisers hinted at a case for “evicting China” from the World Trade Organization.
Global Reports
21 November 2018 04:38 PM US durable goods orders drop in October
Demand for the US manufactured durable goods dropped in October, according to official data released on Wednesday.
Global Markets brief
21 November 2018 03:42 PM OECD downgrades 2019 world economic growth forecast
The Organisation for Economic Cooperation and Development downgraded its projections for global economic growth next year amid headwinds including on-going US-Sino trade conflict.
Global Markets brief
21 November 2018 02:53 PM Ikea to cut 7,500 administrative jobs
Swedish home furnishings giant Ikea on Wednesday said it plans to cut 7,500 jobs worldwide, over the next couple of years, mainly administrative staff.
Global Reports
21 November 2018 02:16 PM Emerging market equities to see double-digit returns–Goldman Sachs
Emerging market stocks are set to see double-digit returns next year following the turbulence seen this year where they plunged into red zone, Goldman said.
Global Markets brief
21 November 2018 01:31 PM Nvidia to provide AI platform Xavier for Chinese EV firms
US chipmaker Nvidia entered into agreements with Chinese electric vehicle start-ups XPeng, Singulato and SF Motors to develop autonomous driving technology. X
Global Reports