Levant news

8 November 2018 04:12 PM What are the world's top business leaders reading?

History-related and leadership books seem to make most of the list

Global Markets brief

8 November 2018 04:06 PM EBRD to lend $17m to Turkish chemicals maker

The European Bank for Reconstruction and Development would lend EUR 15 million ($17.13 million) to Turkish chemicals firm Egesil Kimya Sanayi ve Ticaret.

Global Markets brief

8 November 2018 03:39 PM Turkey raises $1.71bn via euro-bond sale

Turkey borrowed EUR 1.5 billion ($1.71 billion) through a euro-denominated bond issue to investors, the Turkish Treasury and Finance Ministry said.

Global Markets brief

8 November 2018 03:00 PM Renault plants to make new Nissan, Mitsubishi vans

Renault announced that it would make new vans for Nissan and Mitsubishi at its local factories, raising manufacturing investment in France.

Global Markets brief

8 November 2018 02:54 PM AstraZeneca Q3 profits decline 37%

Goods and Metals

8 November 2018 02:29 PM German trade surplus shrinks in September

Germany on Thursday said that its trade surplus shrank in September, with exports falling by more than imports.

8 November 2018 01:47 PM Societe Generale profit jumps 32% in Q3

Societe Generale on Thursday posted a 32% jump in its net income during the third quarter of 2018 from the last year.

8 November 2018 01:15 PM Lenovo profit jumps 21% in 3M

Lenovo on Thursday reported a 21% year-on-year rise in its net income over its second fiscal quarter of 2018, while its revenue increased 14%.

Global Markets brief

8 November 2018 00:33 PM Toshiba to unload troubled assets, cut headcount

Toshiba on Thursday announced that it would liquidate its UK nuclear power division NuGen and sell its US liquefied natural gas unit.

8 November 2018 00:01 PM China trade surplus expands to $34bn in October

China on Thursday reported that its overall trade surplus denominated in US dollars totalled $34.01 billion in October, compared with $31.69 billion in September.

8 November 2018 11:12 AM Tesla appoints new chair to replace Musk

Electric car giant Tesla named a new chair to replace Musk.

Global Markets brief

8 November 2018 10:49 AM Oil climbs as Chinese crude import rises, US output surges

Oil rose on Thursday after Chinese imports were heading to register record levels, but gains were capped as the US production hit an all-time high.

8 November 2018 00:12 AM Oil prices down to lowest level in 8M

Oil inventories increased by more than expected last week

8 November 2018 00:09 AM Gold prices settle lower on weaker USD

Gold futures for December delivery increased by 0.2%

Goods and Metals

7 November 2018 07:57 PM Midterm elections to support more Fed rate hikes

It is believed that the election result will lead to a less expansionary fiscal policy

Currencies

7 November 2018 07:04 PM US oil stockpiles rise for 7th week in row

Crude oil inventories increased by more than expected last week

7 November 2018 05:56 PM Hyundai, Kia to invest $250m into Singapore’s ride-hailing firm

South Korea's Hyundai Motor Company and Kia Motors Corporation on Wednesday announced they will invest an amount of $250 million in Grab.

Global Markets brief

7 November 2018 04:53 PM China carmaker looks to build supersonic trains

Global Markets brief

7 November 2018 04:23 PM Gold trades higher as dollar falls after mid-term election results

Gold trades higher as dollar falls after mid-term election results

7 November 2018 04:18 PM Credit Agricole Q3 profits beat EUR 1bn expectations

Currencies

7 November 2018 02:33 PM Adidas posts $1.036bn operating profit in Q3, raises full-year guidance

7 November 2018 01:54 PM Eurozone retail sales unchanged in September

Global Markets brief

7 November 2018 01:40 PM BMW logs EUR 1.75bn profit in Q3

BMW on Wednesday posted a 27% year-on-year increase in profits to EUR 1.75 billion ($2.01 billion) for the third quarter of 2018.

7 November 2018 00:35 PM Schaeffler to close 2 UK plants on Brexit

German engineering group Schaeffler announced plans to close two plants in the UK due to concerns over Brexit.

7 November 2018 00:32 PM PepsiCo eyes UK's Pipers Crisps acquisition

PepsiCo has revealed plans to boost its snack market share in the UK and develop its exports through a potential acquisition.

Global Markets brief