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30 October 2019 00:08 PM US-China trade deal might not be completed before Chile summit
Mubasher: An interim trade deal between Washington and Beijing might not be ready in time for signing in a Trump-Xi summit.
30 October 2019 11:24 AM Fiat Chrysler, Peugeot parent mull merger–Report
Mubasher: Fiat Chrysler and Peugeot Société Anonyme were in talks over a potential combination deal, which could establish a $50 billion auto enterprise.
30 October 2019 11:01 AM Gold in narrow range amid expected Fed rate cut move
Mubasher: Gold traded in a constricted range on Wednesday, as caution gripped investors as they were waiting for the US Federal Reserve's policy move.
30 October 2019 10:26 AM Oil slips on waning US-Sino trade hopes
Mubasher: Oil fell as the impact of a drawdown in US crude stockpiles was muted by delay to a resolution to the US-China trade conflict.
29 October 2019 05:55 PM Pfizer’s profit surges 87% in Q3
Mubasher: Pfizer on Tuesday said that its net income soared by 87% year-on-year in the third quarter of 2019, but its revenues dropped by 5%.
29 October 2019 05:33 PM US pending home sales rise in September
Mubasher: US pending home sales index, which gauges signed contracts to buy existing houses, grew once again in September, owing to significantly low mortgage rates.
29 October 2019 05:16 PM US consumer confidence posts slight decline in October
Mubasher: US consumer confidence was nearly flat in October, with a gauge measuring sentiment recording a slight decline.
29 October 2019 05:07 PM Mastercard profit climbs 18% in Q3
Mubasher: Mastercard reported that its net income climbed by 18% year-on-year during the third quarter of 2019, while its net revenue rose by 15%.
29 October 2019 04:06 PM UK’s Labour Party agrees to back December snap election
Mubasher: The UK’s main opposition Labour Party on Tuesday announced that it would back Prime Minister’s Boris Johnson’s call for early election in December.
29 October 2019 03:45 PM GM’s Q3 earnings top forecasts; lowers outlook
Mubasher: General Motors posted third-quarter earnings beyond Wall Street forecasts, but it lowered its outlook due to a worker strike that lasted 40 years.
29 October 2019 02:56 PM Oil markets seen pressured by oversupply in 2020–IEA
Mubasher: The International Energy Agency projected markets will see oversupply next year due to higher output as well as weak demand growth.
29 October 2019 01:02 PM UK consumer borrowing growth hits 5-year trough
Mubasher: Lending to consumers in the UK grew at the slowest pace in more than five years during September, the Bank of England said.
29 October 2019 00:27 PM US watchdog to designate Huawei, ZTE as national security risks
Mubasher: The US telecommunications regulator is set to vote in November to label China's Huawei and ZTE as national security risks, according to Reuters.
29 October 2019 11:46 AM BP’s profit drops in Q3 on lower oil prices
Mubasher: BP’s net income dropped by 41% year-on-year in the third quarter of 2019, while its revenues fell by 14%.
29 October 2019 11:04 AM Google owner’s profit falls in Q3, revenues jump
Mubasher: Google's owner Alphabet said that its net income fell by 23% year-on-year in the third quarter of 2019, whereas its revenues jumped by 20%.
29 October 2019 10:33 AM Oil falls ahead of US inventory figures, amid growth jitters
Mubasher: Oil prices fell on Tuesday as markets expected an industry report on US crude stockpiles, looking for indicators on oil demand.
28 October 2019 05:56 PM US goods trade deficit declines in September
Mubasher: The US trade gap in goods shrank by 3.6% in September, as ongoing trade tensions kept a lid on goods flow.
28 October 2019 04:19 PM AT&T’s Q3 earnings beat forecasts
Mubasher: AT&T on Monday reported its earnings for the third quarter of this year, beating expectations.
28 October 2019 02:50 PM Bitcoin firms up after China voices support for developing blockchain
Mubasher: Bitcoin on Monday clung close to one-month peak recorded over the weekend.
28 October 2019 02:16 PM Greece secures waiver for early payment of IMF loans
Mubasher: The Eurozone's bailout fund, the European Stability Mechanism, on Monday agreed to allow Greece to repay early part of the loans to the IMF.
28 October 2019 01:45 PM Eurozone corporate lending growth loses momentum in September
Mubasher: The growth of bank lending to companies in the Eurozone slowed down in September.
28 October 2019 01:08 PM EU grants UK third Brexit deadline extension
Mubasher: The European Union agreed to grant the UK another three months to leave the bloc, CNBC reported.
28 October 2019 00:47 PM HSBC’s profit drops 18% in Q3
Mubasher: HSBC on Monday said that its pre-tax profit dropped by 18% in the third quarter of this year, while its revenue fell by 3%.
28 October 2019 11:57 AM Gold inches up amid focus on Fed meeting
Mubasher: Gold prices edged up on Monday, after a 1% leap in the preceding session, as investors awaited a policy rate decision by Federal Reserve.
28 October 2019 11:27 AM China’s industrial profits fall in 9M to September
Mubasher: Profits at China’s industrial sector fell in the first three quarters of this year, following a drop in the period between January and August.