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05 April 08:50 AM

Middle east news

17 October 2019 05:32 PM US natural gas stockpiles jump as futures surge
Mubasher: US natural gas storage climbed by 104 billion cubic feet in the week ended 11 October, to a total of 3,519 Bcf.
Oil and Energy
17 October 2019 05:20 PM Morgan Stanley profit rises 3% in Q3
Mubasher: Morgan Stanley on Thursday reported that its net income rose by almost 3% year-on-year in the third quarter of this year.
Global Reports
17 October 2019 04:50 PM US industrial output posts decline in September on manufacturing downturn
Mubasher: US industrial production shrank in September for the second time in three months, driven by a manufacturing downturn, official data showed on Thursday.
Global Reports
17 October 2019 04:27 PM US initial jobless claims rise in mid-October
Mubasher: The number of unemployed individuals applying for benefits rose last week, official weekly report showed on Thursday.
Global Markets brief
17 October 2019 04:10 PM US private housing permits fall in September
Mubasher: Privately-owned housing units authorised under building permits fell to a seasonally adjusted annual rate of 1.387 million.
Global Markets brief
17 October 2019 03:48 PM US Mid-Atlantic business growth slowdown continues in October
Mubasher: The Philadelphia Federal Reserve on Thursday said that its gauge on the US Mid-Atlantic business activity revealed a further expansion slowdown.
Global Reports
17 October 2019 03:08 PM China’s overseas direct investment grows 3.8% in 9M
Mubasher: Official data showed that China's non-financial outbound direct investment grew by 3.8% year-on-year in the first three quarters of this year.
Global Markets brief
17 October 2019 02:11 PM UK eyes free post-Brexit trade pact with EU – Commission
Global Reports
17 October 2019 01:52 PM UK, EU clinch new Brexit deal; Johnson heads to Brussels
Mubasher: UK Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker on Thursday said that an agreement was reached on a new withdrawal deal.
Global Markets brief
17 October 2019 00:55 PM Oil falls on climbing US crude inventories
Mubasher: Oil prices dropped on Thursday after industry figures showed a bigger-than-expected rise in the US crude inventories, according to Reuters.
Oil and Energy
17 October 2019 00:29 PM Intel buys Canadian IT business for $27m in 5G push
Mubasher: Intel on Thursday said it would buy a software division from Canadian information technology service provider Pivot for $27 million.
Global Markets brief
17 October 2019 11:46 AM UK retail sales flatten in September
Mubasher: Retail sales in the UK remained at a modest growth rate of 0.6% during the three months period ended last September.
Global Reports
17 October 2019 11:17 AM European shares edge down amid focus on Brussels summit
Mubasher: European shares traded mostly lower in early Thursday trade, as European leaders look to ink a Brexit deal during a two-day summit.
Global Markets brief
17 October 2019 10:45 AM PC shipments rise 1.1% in Q3 worldwide – Gartner
Mubasher: Shipments of personal computers grew worldwide by 1.1% in the third quarter of this year, despite Intel’s processor shortage.
Global Markets brief
16 October 2019 06:22 PM China’s C.bank pumps $28 billion ahead of GDP data
Mubasher: The People’s Bank of China surprisingly injected liquidity into the financial system, by extending loans to banks, ahead of growth data this week.
Global Reports
16 October 2019 05:57 PM US builder morale hits 20-month peak in October–NAHB
Mubasher: US home builder sentiment reached its highest point in almost 20 months in October.
Global Markets brief
16 October 2019 05:41 PM US business inventories record no change in August
Mubasher: US business inventories surprisingly recorded no change in August, as retail stockpiles were weaker than earlier estimated.
Global Markets brief
16 October 2019 05:14 PM BoA posts better-than-expected earnings in Q3
Mubasher: Bank of America's earnings in the third quarter of this year came beyond expectations, with main units recording revenue growth.
Global Reports
16 October 2019 03:59 PM S.Korea’s C.bank cuts main rate on slowdown fears, global risks
Mubasher: South Korea's central bank slashed its benchmark interest rate on Wednesday, to its lowest level in two years.
Global Reports
16 October 2019 03:52 PM US retail sales drop 0.3% in September
Mubasher: Initial reading indicated that US retail sales fell by 0.3% in September, snapping a growth that was extended over six months.
Global Markets brief
16 October 2019 03:08 PM BoJ to adjust balance sheet when inflation reaches 2%
Mubasher: Bank of Japan Governor Haruhiko Kuroda on Wednesday said that the central bank would maintain its large-scale monetary easing policy, according to Reuters.
Global Markets brief
16 October 2019 02:36 PM UK house price growth picks up in August
Mubasher: House prices in the UK rose at the slowest pace almost seven years, during the 12-month period ended last August.
Global Markets brief
16 October 2019 02:19 PM Huawei’s revenue climbs 24.4% in Q3
Mubasher: Huawei on Tuesday reported that its revenue jumped by 24.4% year-on-year in the third quarter of this year.
Global Reports
16 October 2019 01:42 PM Gold edges up on Brexit uncertainty; risk-on appetite caps gains
Mubasher: Gold traded higher on Wednesday owing to uncertainty surrounding Brexit negotiations, but a risk-taking sentiment limited gains.
Global Reports
16 October 2019 01:18 PM Oil rises on Brexit optimism; weak growth outlook drags
Mubasher: Oil prices declined on Wednesday, dragged down by weaker fuel demand outlook amid lingering worries over a global economic slowdown.
Global Reports