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04 April 09:17 PM

Middle east news

1 October 2019 05:16 PM US manufacturing sector shrinks further in September
Mubasher: The US manufacturing sector extended its contraction during September, as production at factories slumped, the Institute for Supply Management said on Tuesday.
Global Markets brief
1 October 2019 04:40 PM US construction spending inches higher in August
Mubasher: Spending on US construction projects posted a meagre gain during August, as a decline in non-residential construction expenditure muted gain in house building investment.
Global Markets brief
1 October 2019 03:56 PM Renault launches new service to boost e-mobility transition
Mubasher: Renault announced a new mobility consulting service to accelerate and support businesses to lower-carbon mobility and develop their recharging ecosystems.
Global Reports
1 October 2019 03:28 PM Thomas Cook owes Turkish tourism sector EUR 350m
Mubasher: Tourism Advisory Council estimated that Thomas Cook owes Turkish tourism sector more than EUR 350 million, according to Reuters.
Global Markets brief
1 October 2019 02:59 PM WTO sharply cuts 2019 global trade outlook on commercial disputes
Mubasher: The World Trade Organization slashed its trade growth forecasts for 2019 and 2020, citing the impact of trade conflict between the US and China.
Global Reports
1 October 2019 02:16 PM Ford, Indian automaker Mahindra clinch JV deal
Mubasher: US car giant will form a $275 million joint venture with Mahindra and Mahindra in India, to build, market and offer its namesake-branded vehicles.
Global Markets brief
1 October 2019 01:40 PM UK house prices rise at slowest pace in 8M
Mubasher: UK house prices rose at the slowest pace since eight months, adding to signs of the market's return to a slowdown.
Global Markets brief
1 October 2019 01:12 PM Gold falls as solid dollar weighs on safe-haven appeal
Mubasher: Gold traded lower on Tuesday, as a stronger dollar contained the yellow metal's upside.
Global Markets brief
1 October 2019 00:45 PM Oil rebounds on lower OPEC, Russia, US supply
Mubasher: Oil prices recovered on Tuesday, following reports that production at the world's biggest producers dropped during the third quarter, according to Reuters.
Global Markets brief
1 October 2019 00:24 PM Eurozone factory output hits 7-yr low in September
Mubasher: A deterioration in the operating conditions at the Eurozone factories continued in September, marking the worst degree in almost seven years.
Global Markets brief
1 October 2019 11:38 AM German factory output hits decade-low in September
Mubasher: German manufacturing activity recorded its worst level since the global financial crisis, as a downturn in output and new business gathered momentum.
Global Markets brief
1 October 2019 11:06 AM Eurozone annual inflation to slightly slow down in September
Mubasher: Preliminary reading indicated that the Eurozone's annual inflation would grow at 0.9% in September, inching down from 1% in August.
Global Markets brief
1 October 2019 10:54 AM UK factory activity growth downturn persists in September
Mubasher: UK manufacturing activity continued to shrink in September, even with a milder decline than August, as output, new orders, new exports and employment fell.
Global Reports
1 October 2019 10:30 AM India’s factory growth remains at 15M trough pace in September
Mubasher: India's manufacturing sector growth stabilised in September, amid a muted demand both domestically and abroad, according to a business survey released on Tuesday.
Global Markets brief
1 October 2019 10:13 AM Japanese factory activity shrinks at fastest pace in 7M
Mubasher: Japanese factory business shrank in September, as pressure mounted on the economy, amid weakening global demand and sluggish growth.
Global Markets brief
30 September 2019 03:55 PM New York Fed adds $63.5bn to financial system in repos
Mubasher: The New York Federal Reserve on Monday added $63.5 billion into the financial system at an operation of overnight repurchase agreements, according to Reuters.
Global Reports
30 September 2019 03:12 PM Forever 21 files for Chapter 11 bankruptcy protection
Mubasher: Retail chain Forever 21 filed for Chapter 11 bankruptcy protection to restructure its business.
Global Reports
30 September 2019 02:17 PM Gold falls on waning US-Sino trade conflicts escalation fears
Mubasher: The dollar strengthened, as worries over an escalation of the trade conflict, after Washington dismissed plans to block Chinese companies from American capital markets
Global Markets brief
30 September 2019 01:46 PM Beijing warns against market turmoil if US delists Chinese firms
Mubasher: Beijing warned on Monday against instability in the international financial markets as a result of “decoupling” of China and the US, Reuters reported.
Global Markets brief
30 September 2019 01:11 PM Oil drops amid weak China’s economic outlook, demand growth
Mubasher: Oil fell on Monday as China’s economic outlook remained weak, while the persisting trade conflict with the US dragged fuel demand down.
Global Markets brief
30 September 2019 11:59 AM Eurozone jobless rate declines to 11.5-yr low in August
Mubasher: Eurozone unemployment came in at 7.4% month-on-month in August, the lowest level since May 2008, declining from July’s reading of 7.5%, official data showed.
Global Markets brief
30 September 2019 11:49 AM UK consumer borrowing growth slows to 5.5-yr low
Mubasher: Lending to consumers in the UK grew slower month-on-month during August, hitting its weakest rate since almost five years and half.
Global Reports
30 September 2019 11:28 AM UK economy shrinks 0.2% in Q2
Mubasher: The UK gross domestic product for the second quarter of this year declined by 0.2% compared to the prior quarter.
Global Markets brief
30 September 2019 11:09 AM Shell expects higher LNG, upstream output in Q3
Mubasher: Royal Dutch Shell on Monday launched a quarterly outlook, starting from the third quarter of 2019.
Global Markets brief
30 September 2019 10:44 AM UK current account deficit shrinks in Q2
Mubasher: The UK current account deficit, which gauges the cross-border transactions with the rest of the world, shrank during the second quarter of this year.
Global Reports