Levant news

1 November 2018 05:53 PM EBRD slashes Turkish growth forecasts on volatile lira

The European Bank for Reconstruction and Development has lowered its projections for economic growth in Turkey for the next year.

Global Reports

1 November 2018 05:34 PM US natural gas stockpiles climb as prices rise

Global Reports

1 November 2018 05:17 PM US ISM manufacturing PMI declines in October

Economic activity in the US manufacturing sector grew at a slower pace in October, while the overall economy advanced for the 114th consecutive month.

Goods and Metals

1 November 2018 04:59 PM No-deal Brexit would take heavy toll on south-eastern European economies

South-eastern European nations would endure the hardest blow, should the UK crash out of the European Union (EU) without a trade or investment agreement,

Goods and Metals

1 November 2018 03:41 PM US jobless claims drop 2,000 in late October

US unemployment claims declined 2,000 week-on-week to 214,000 claims in the week ended 27 October, data released on Thursday revealed.

Goods and Metals

1 November 2018 03:23 PM US job cuts hit highest since mid-2015

Employers in the US announced plans to cut 75,644 jobs in October, marking the highest level since July 2015.

Goods and Metals

1 November 2018 03:23 PM BOE keeps interest rate unchanged

The Bank of England on Thursday announced that it maintained its key interest rate unchanged.

Global Reports

1 November 2018 02:27 PM China manufacturing activity unexpectedly grows in October

Chinese factory activity grew slightly in October, despite the ongoing US-Sino trade conflict, private data showed on Thursday.

Goods and Metals

1 November 2018 01:48 PM Sterling retreats from earlier high on tentative Brexit deal denial

The UK pound on Thursday retreated against the US dollar, below the highs earlier, after UK officials denied reports of a tentative Brexit deal

Global Indices

1 November 2018 01:38 PM Shell profits surge 39% in Q3, mark 4-yr high

Royal Dutch Shell posted robust results for the third quarter of 2018, marking a four-year high

Oil and Energy

1 November 2018 01:33 PM Apple said to be in talks over iHeartMedia tie-up

Apple Inc. is reportedly considering a tie-up with the largest radio group in the US to bolster its streaming services.

Global Reports

1 November 2018 00:40 PM UK manufacturing activity slows to 27M trough in October

Global Markets brief

1 November 2018 00:26 PM UK, EU reach tentative post-Brexit financial service deal - report

UK Premier Theresa May has struck a tentative deal with the European Union that would allow UK financial service providers' access to European markets.

Global Markets brief

1 November 2018 11:41 AM Volvo ties up with Baidu to develop robotaxis in China

Volvo on Thursday said that it teamed up with Chinese internet giant Baidu to develop a driverless taxi in China

Goods and Metals

1 November 2018 10:51 AM Oil drops on rising supply signs, falling global economic sentiment

Oil prices dropped earlier on Thursday, extending losses in the previous session, with indications of rising supplies and mounting concerns about waning demand

Global Reports

31 October 2018 11:28 PM Oil down to 2.5M low

Nymex futures for December delivery fell by 10.8% for the month

Oil and Energy

31 October 2018 11:23 PM Gold records 1.6% monthly gains

Gold futures for December delivery went down by 0.8%

Goods and Metals

31 October 2018 11:07 PM ShopBack sheds light on opportunities in e-commerce

ShopBack gives shoppers cashback on purchases made from any of its more than 1,500 partner merchants

Global Reports

31 October 2018 11:01 PM Zombie companies pose labour risk

A zombie firm is one that is at least 10 years old but is unable to cover its costs with its profits

Global Reports

31 October 2018 07:40 PM Hyundia, Kia to launch solar-charging auto roofs

Two South Korean automakers on Wednesday unveiled plans to install a “solar roof” on a number of vehicles.

Global Reports

31 October 2018 07:24 PM Renault-Nissan-Mitsubishi fund invests in China self-driving startup WeRide.ai

Alliance Ventures, the corporate venture capital fund of Renault-Nissan-Mitsubishi partnership, on Wednesday announced a Series A funding round in WeRide.ai, an autonomous driving company.

Global Reports