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04 April 10:16 PM

Middle east news

9 October 2019 02:52 PM Geopolitical, trade tensions could precipitate global economic slowdown–WEF
Mubasher: The World Economic Forum said that most economies were limited to a cycle of low or flattening productivity growth.
Global Reports
9 October 2019 02:12 PM Singapore dethrones US as world’s most competitive country
Mubasher: Singapore overtook the US as the world’s most competitive country, according to the World Economic Forum (WEF).
Global Reports
9 October 2019 01:37 PM Gold hovers above $1,500 as US-China trade hopes fade
Mubasher: Gold prices on Wednesday maintained the preceding session's gains, as hopes for a resolution in the trade conflict between the US and China faded,
Global Markets brief
9 October 2019 00:49 PM UK’s Johnson faces gov’t mutiny over no-deal Brexit jitters
Mubasher: UK Prime Minister Boris Johnson is reportedly facing a potential mutiny from within his government with a group of minister poised to resign.
Global Markets brief
9 October 2019 00:13 PM Fed to buy more treasuries ‘soon’ – Powell  
Mubasher: Federal Reserve Chair Jerome Powell said that the US central bank would start to purchase more Treasury bonds "soon"
Global Reports
9 October 2019 11:40 AM European shares mixed as US-China trade hopes wane
Mubasher: European equities were mixed in early Wednesday as investors remained cautious while hopes of a resolution the US-Sino trade conflict waned, according to CNBC.
Global Markets brief
9 October 2019 11:07 AM Oil declines as US-Sino trade tensions raise demand worries
Mubasher: Oil fell on Wednesday as tensions mounted between the US and China ahead of this week's trade negotiations, triggering uncertainties for global economic growth.
Global Reports
9 October 2019 10:31 AM US slaps visa bans against Chinese officials over Xinjiang abuses
Mubasher: The US imposed visa restrictions on Chinese officials involved in the mass detention of predominantly-Muslim minority groups in Xinjiang region, Bloomberg reported.
Global Reports
8 October 2019 05:37 PM Half of Deutsche Bank’s 18,000 cuts to be in Germany
Mubasher: Deutsche Bank plans to make around half of its 18,000 layoffs in Germany, Bloomberg reported, citing sources familiar with the matter.
Global Markets brief
8 October 2019 04:52 PM EU urges UK’s Johnson to stop ‘stupid’ Brexit blame
Mubasher: The European Union urged the UK to stop playing “stupid blame game” over Brexit, according to Reuters.
Global Reports
8 October 2019 04:50 PM Gold ETF holdings hit fresh record high in September
Mubasher: Holdings in gold-backed exchange-traded funds worldwide saw their biggest inflows of all time in September, exceeding the levels seen in late 2012.
Global Markets brief
8 October 2019 03:52 PM US producer prices snap 3-month gaining trend in September
Mubasher: US producer prices for final demand fell in September snapping the rising trend from June, July and August, official data showed on Tuesday.
Global Reports
8 October 2019 02:07 PM Colombia’s Avianca lands $250m loan from United, Kingsland
Mubasher: Avianca secured financing of up to $250 million from controlling shareholders United Airline and Kingsland.
Global Markets brief
8 October 2019 01:45 PM US small business optimism falls in September
Mubasher: Positive sentiment among US small business owners fell during September, according to the National Federation of Independent Business survey released on Tuesday.
Global Markets brief
8 October 2019 00:53 PM Gold slips early Tuesday as dollar firms before US-China talks
Mubasher: Gold prices traded lower earlier on Tuesday as the dollar firmed up ahead of the scheduled trade talks between the US and China.
Global Markets brief
8 October 2019 00:14 PM Oil rises on Iraq unrest amid anticipation for US-Sino talks
Mubasher: Oil traded higher on Tuesday as supply worries mounted due to the unrest in crude exporters Iraq, while demand concerns were muted.
Global Reports
8 October 2019 11:42 AM US blacklists 28 Chinese security entities, firms
Mubasher: The US Commerce Department said that it would put 28 Chinese public security bureaus and companies to a trade blacklist.
Global Markets brief
8 October 2019 11:18 AM European shares edge up amid anticipation for US-China trade progress
Mubasher: European stocks edged higher earlier on Tuesday as investors were cautiously awaiting the outcome of high-level trade negotiations between the US and China/
Global Markets brief
8 October 2019 10:52 AM German industrial output posts unexpected growth in August
Mubasher: German industrial output rose surprisingly in August, suggesting that Europe’s biggest economy may yet evade a recession in the third quarter.
Global Markets brief
8 October 2019 10:32 AM China’s services sector expands at slowest pace since 7M
Mubasher: Chinese services sector grew at the slowest pace in seven months during September, despite the inflows of new business orders.
Global Markets brief
7 October 2019 06:18 PM Trump ordered to hand over 8-year tax returns to Manhattan
Mubasher: A US federal judge ruled that President Donald Trump must hand over eight years of tax returns to Manhattan prosecutors.
Global Reports
7 October 2019 05:51 PM No need for US rate cuts–Kansas City Fed head
Mubasher: Federal Reserve Bank of Kansas City President Esther George dismissed the need for interest rate cuts by the central bank to accelerate inflation.
Global Reports
7 October 2019 05:12 PM GE to suspend pension benefits for 20,000 US employees
Mubasher: General Electric on Monday said that it will suspend pension plans for nearly 20,000 US salaried workers, in another move to trim debt.
Global Markets brief
7 October 2019 04:32 PM UK’s Johnson demands EU to respond to Brexit proposal
Mubasher: UK Prime Minister Boris Johnson demanded the European Union to voice its “thoughts” on his Brexit proposal.
Global Markets brief
7 October 2019 03:49 PM PayPal drops out of Facebook’s Libra crypto project
Mubasher: PayPal announced its withdrawal from Facebook’s digital currency Libra, as the cryptocurrency-based payments network project continued to face regulatory scrutiny worldwide.
Global Markets brief