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13 June 09:44 AM

Levant news

13 November 2019 03:38 PM Google to launch checking accounts in 2020 – Report
Mubasher: Google is preparing to offer checking accounts to its customers from next year, in the search engine giant's finance push.
Global Economy
13 November 2019 03:18 PM Eurozone industrial output edges up in September
Mubasher: Industrial output in the Eurozone expanded slightly by a 0.1% in September, following a rise of 0.4% in August.
Global Markets brief
13 November 2019 03:00 PM China’s SAIC targets threefold overseas sales growth by 2025
Mubasher: China’s biggest auto manufacturer SAIC aims to triple its overseas sales to 1 million units by 2025, Reuters reported.
Global Markets brief
13 November 2019 02:42 PM China’s Tencent posts 13% profit drop in Q3
Mubasher: Chinese game maker Tencent on Wednesday reported that its net profit fell by 12.6% year-on-year, while its revenue jumped by 20.65%.
Global Markets brief
13 November 2019 01:39 PM UK house prices stabilise in September; London records biggest drop
Mubasher: House prices in the UK rose at a steady pace during the 12-month period ended last September, with London prices enduring the largest decline.
Global Reports
13 November 2019 00:50 PM UK output price inflation sharply slows down in October
Mubasher: Producer price index for the goods leaving UK factories grew at a weaker rate of 0.8% in the year ended October.
Global Reports
13 November 2019 00:40 PM UK consumer inflation eases in October
Mubasher: The UK’s consumer price index, the headline gauge for the country’s inflation, slowed down to 1.5% year-on-year in October from 1.7% in September.
Global Reports
13 November 2019 00:26 PM Gold rises as US-China trade uncertainty drags on risky assets
Mubasher: Gold rose after a speech by President Donald Trump disappointed hopes for a progress towards a trade pact between the US and China.
Goods and Metals
13 November 2019 10:46 AM Oil falls on dimmer prospects of US-Sino trade deal
Mubasher: Oil prices fell on Wednesday as President Donald Trump's speech offered scant details on the long-awaited trade deal between the US and China.
Global Reports
12 November 2019 04:26 PM Nissan’s net income drops 73%; slashes profit outlook
Mubasher: Nissan said on Tuesday that its net profit dropped by 73.45% year-on-year in its second quarter of 2019, due to a sales fall.
Global Markets brief
12 November 2019 03:08 PM US small business optimism improves in October
Mubasher: Positive sentiment among US small business owners improved during October, as worries over a recession faded, a small-business group survey said on Tuesday.
Global Markets brief
12 November 2019 02:30 PM UK lawmakers to approve Brexit deal–Germany’s Merkel
Mubasher: German Chancellor Angela Merkel expected on Tuesday UK Prime Minister Boris Johnson's withdrawal agreement with the European Union would win the parliamentary approval.
Global Reports
12 November 2019 01:33 PM German investor morale improves in November
Mubasher: German investor morale saw a better-than-expected improvement in November.
Global Reports
12 November 2019 01:05 PM UK employment posts biggest decline in 4 yrs
Mubasher: UK job creation lost slight pace in the third quarter of 2019, as the number of working people declined.
Global Markets brief
12 November 2019 00:41 PM Former Uber head Kalanick sells $547m of shares
Mubasher: Uber’s former CEO Travis Kalanick sold around 20% of his stake in the US ride-hailing giant, according to a regulatory filing.
Global Reports
12 November 2019 00:11 PM Moody’s issues ‘negative’ global sovereign rating outlook
Mubasher: Moody’s downgraded its 2020 outlook for global sovereign creditworthiness to “negative” from “stable,” citing “disruptive and unpredictable” political environment.
Global Reports
12 November 2019 11:20 AM Gold slips as investors await US-China trade progress signals
Mubasher: Gold fell, ahead of US President Donald Trump's speech, in which investors hoped he would signal progress on the trade negotiations with China.
Global Reports
12 November 2019 10:54 AM Oil advances amid anticipation for Trump’s speech
Mubasher: Oil rose as markets hoped US President Donald Trump may point to progress on the trade negotiations with Beijing.
Oil and Energy
11 November 2019 05:23 PM China expands rare-earths quota as demand increases
Mubasher: China will rasie its rare-earth mining quota by 10% to an unprecedented record, as domestic demand for the strategic materials grew.
Global Markets brief
11 November 2019 04:58 PM EU leaders agree sanctions on Turkey over Cyprus drilling
Mubasher: The European Union foreign ministers agreed on Monday to slap economic sanctions against Turkey, according to Reuters.
Global Reports
11 November 2019 04:05 PM OPEC+ allies could extend oil supply cuts–Oman’s oil minister
Mubasher: The Organization of the Petroleum Exporting Countries and other producers could probably roll over its production cuts.
Oil and Energy
11 November 2019 03:23 PM China’s new lending hits 22M trough in October
Mubasher: Chinese bank lending fell more than expected to the lowest level since 22 months in October, due to seasonal factors.
Global Markets brief
11 November 2019 02:47 PM UK trade deficit shrinks in Q3
Mubasher: The UK's total trade deficit contracted during the third quarter of this year, owing to rising exports, official figures showed on Monday.
Global Markets brief
11 November 2019 02:18 PM UK construction output recovers in Q3
Mubasher: UK construction activity recorded a gain of 0.6% in the third quarter, data released on Monday showed.
Global Reports
11 November 2019 01:42 PM Germany, France, UK to discuss Iran’s deal in Paris
Mubasher: The foreign ministers of Germany, France and the UK are set to discuss the 2015 nuclear deal with Iran in a meeting in Paris.
Global Reports