Middle east news

24 September 2019 05:17 PM US consumer confidence drops in September

Mubasher: US consumer confidence recorded a drop in September, after a slight decline in August, according to a report released on Tuesday.

Global Markets brief

24 September 2019 04:58 PM China to appoint gov’t officials in 100 private companies

Mubasher: Chinese tech hub of Hangzhou plans to appoint government officials inside 100 private companies, including e-commerce retail giant Alibaba, CNBC said, citing state media.

Global Reports

24 September 2019 04:17 PM Daimler to pay EUR 870m fine over diesel emissions probe

Mubasher: Germany’s auto giant Daimler will pay EUR 870 million in fine over the certification of diesel vehicles that deviated from regulatory requirements.

Global Reports

24 September 2019 03:53 PM Turkey still vulnerable to external, domestic risks–IMF warns

Mubasher: The International Monetary Fund said Turkey is still vulnerable to external and domestic risks, warning that a sustainable expansion could pose a challenge.

Global Markets brief

24 September 2019 02:48 PM German prosecutors charge Volkswagen execs of stock market manipulation

Mubasher: German prosecutors pressed criminal charges of stock market manipulation against Volkswagen’s CEO Herbert Diess, Chairman Hans dieter Poetsch and former chief executive Martin Winterkorn.

Global Reports

24 September 2019 01:51 PM UK’s highest court rules Johnson’s parliament suspension unlawful

Mubasher: The UK Supreme Court ruled against Prime Minister Boris Johnson.

Global Reports

24 September 2019 00:57 PM Gold declines as US-China trade optimism drags on slowdown jitters

Mubasher: Gold prices edged down on Tuesday due to an improvement in the trade rhetoric between the US and China, according to Reuters.

Goods and Metals

24 September 2019 00:30 PM UK budget deficit declines in August

Mubasher: The UK budget gap shrank, but borrowing in the financial year to date expanded, ahead of the planned departure from the European Union.

Global Markets brief

24 September 2019 11:56 AM German business morale slightly rebounds in September

Mubasher: German business sentiment saw a slight upturn in September, snapping a five-month deteriorating streak, but expectations took a downward turn.

Global Reports

24 September 2019 11:41 AM Oil drops as weak factory figures stoke global demand fears

Mubasher: Oil prices fell on Tuesday on disappointing manufacturing figures from Europe and Japan directed market focus to the bleak outlook for demand.

Global Markets brief

24 September 2019 11:09 AM Japanese factory slump accelerates to 7M peak in September

Mubasher: Japanese manufacturers saw their activity shrinking at the sharpest pace since seven months in September, a survey showed earlier on Tuesday.

Global Reports

23 September 2019 05:58 PM Eurozone bond yields slip on soft PMI data

Mubasher: Eurozone bond yields fell on Monday after weaker-than-expected business activities in Europe's biggest economies sent a shudder of fear among investors over a recession.

Global Reports

23 September 2019 05:17 PM US business activity growth picks up slightly in September

Mubasher: US private sector activity picked up in September, recording a slightly faster growth rate than August's slowest pace since three years and a half.

Global Markets brief

23 September 2019 04:20 PM IBM open to collaborate with Facebook on crypto assets

Mubasher: IBM is open to cooperate with Facebook on its cryptocurrency efforts, as it looks to ramp up “collaboration” related to technologies like blockchain.

Global Markets brief

23 September 2019 03:35 PM NYSE owner debuts bitcoin futures

Mubasher: New York Stock Exchange owner Intercontinental Exchange (ICE) debuted its bitcoin futures contracts, CNBC reported.

Global Markets brief

23 September 2019 03:00 PM Turkey risks losing 700,000 tourists on Thomas Cook collapse

Mubasher: Turkey's tourism sector could lose a range of 600,000 to 700,000 tourists per annum after the collapse of UK tour operator Thomas Cook.

Global Markets brief

23 September 2019 02:31 PM Marriott Int’l expects 40 new Africa properties by 2023

Mubasher: Marriott International is expecting to add 40 properties and more than 8,000 rooms across Africa by 2023, according to the hotel giant’s statement.

Global Markets brief

23 September 2019 01:51 PM Hyundai, auto tech firm Aptiv announce $4bn self-driving partnership

Mubasher: South Korean automaker Hyundai and Dublin-based auto tech firm Aptiv on Monday unveiled a 50:50 self-driving joint venture valued at $4 billion.

Global Reports

23 September 2019 01:17 PM Gold edges up on Mideast tensions, amid US-China trade uncertainties

Mubasher: Gold rose as investors looked for further clarity on US-China trade negotiations, amid the escalating tensions in the Middle East.

Goods and Metals

23 September 2019 00:38 PM Oil rises on Saudi output scepticism, heightened Mideast tensions

Mubasher: Oil rose on Monday amid scepticism over how promptly Saudi Arabia can resume full crude production following an attack in mid-month.

Oil and Energy

23 September 2019 00:19 PM Thomas Cook collapses, suspends operations, ceases trading

Mubasher: UK tour operator Thomas Cook collapsed on Monday, stranding hundreds of thousands of vacationers worldwide, according to Reuters.

Global Markets brief

23 September 2019 11:33 AM Eurozone economic growth close to stall as manufacturing downturn worsens

Mubasher: Initial estimates for the Eurozone indicated that economic growth approached stagnation at the end of the third quarter, as total demand dropped further.

Global Markets brief

23 September 2019 11:02 AM German business contraction decelerates at fastest pace since 7 yrs

Mubasher: While September’s preliminary estimate was the first reading below the 50-mark since April 2013, it reflected the steepest fall rate since October 2012.

Global Markets brief