Middle east news

18 September 2019 09:17 AM Oil falls on Saudi reassuring remarks; focus on Fed decision

Mubasher: Oil prices eased on Wednesday as Saudi Arabia announced that crude production would be resumed, Reuters reported.

Global Markets brief

18 September 2019 08:36 AM UK credit card interest rates hit 13-yr peak in September

Mubasher: Average interest rates paid by UK consumers on their credit card balances hit their highest level in more than 13 years, according to figures.

Global Reports

17 September 2019 03:55 PM Investor fears over incoming global recession hit decade-high–BAML

Mubasher: Risks of a global recession hit their highest since August 2009, as investor morale was dampened by sluggish global growth and heightened uncertainties.

Global Markets brief

17 September 2019 03:13 PM US builder morale rises in September

Mubasher: US home builder sentiment recorded one-year peak in September, amid firm household formations and attractive mortgage rates, a builder lobby group’s report showed.

Global Markets brief

17 September 2019 02:48 PM US industrial output records biggest gain since 1 yr

Mubasher: US industrial production recovered in August, due to a manufacturing upturn, according to the Federal Reserve Bank's data.

Global Reports

17 September 2019 02:12 PM Swiss gov’t lowers 2019 growth forecast

Mubasher: Switzerland’s government cited risks arising from the flaring trade conflict between the US and China, a strong franc and the steepening slowdown in Germany.

Global Markets brief

17 September 2019 01:40 PM Singapore’s exports post 6th monthly straight drop in August

Mubasher: Singapore non-oil domestic exports dropped by 8.9% year-on-year in August, extending a five-month falling streak, according to a trade agency report on Tuesday.

Global Markets brief

17 September 2019 01:11 PM US, China to hold vice-ministerial trade talks on Thursday

Mubasher: The US Trade Representative's office said that a deputy-level meeting between US trade officials and their Chinese counterparts in Washington will start on Thursday.

Global Reports

17 September 2019 00:16 PM US reaches initial trade deal with Japan–Trump

Mubasher: President Donald Trump told Congress that the US reached a provisional agreement that would reduce certain tariffs and set the terms of digital trade.

Global Markets brief

17 September 2019 11:50 AM Refinitiv launches 2019 D&J index edition

Mubasher: Financial data giant Refinitiv launched the 2019 edition of the Diversity & Inclusion (D&I) index.

Global Markets brief

17 September 2019 10:48 AM German investor morale improves in September

Mubasher: Sentiment among German investors brightened in September, but the outlook for Europe’s biggest economy remained gloomy with ongoing trade feuds and Brexit uncertainty.

Global Markets brief

17 September 2019 08:50 AM Gold declines amid anticipations of Fed meeting

Mubasher: Gold prices edged down on Tuesday as the majority of investors stayed on the sidelines, anticipating the outcome of the US Federal Reserve meeting,

Global Reports

17 September 2019 08:14 AM Oil falls; markets on edge over response to Saudi attacks

Mubasher: Oil dropped but the market remained on edge over the threat of a military response to attacks on Saudi Arabia’s crude processing installations.

Global Reports

16 September 2019 03:32 PM Trump badgers Fed to cut interest rates

Mubasher: President Donald Trump on Monday lashed out again at the Federal Reserve, urging the US central bank to act.

Global Markets brief

16 September 2019 02:58 PM GM workers union strike for first time since 2007

Mubasher: The United Auto Workers announced that tens of thousands of General Motors (GM) went out on a strike on after Sunday night.

Global Reports

16 September 2019 02:12 PM N.Korea’s Kim invites Trump to visit Pyongyang–Report

Mubasher: North Korean leader Kim Jong Un invited US President Donald Trump to visit Pyongyang, in a letter sent last August, Reuters said.

Global Reports

16 September 2019 01:51 PM NY manufacturing business gauge falls in September

Mubasher: US manufacturing business activity saw a further growth slowdown in September, according to New York Federal Reserve Bank’s Empire State Manufacturing Survey.

Global Markets brief

16 September 2019 00:53 PM Germany to seek capping next Eurozone budget at 1%–Report

Mubasher: Germany aims to limit the European Union's next budget for 2021-2027 at 1% of Europe's economy, Reuters reported, citing a document.

Global Reports

16 September 2019 00:22 PM Russia sees sufficient global inventories to offset Saudi disruption

Mubasher: The world's oil inventories have sufficient supply to replace the temporarily lost barrels due to the attacks on Saudi Arabia’s oil facilities.

Global Reports

16 September 2019 11:59 AM Oil-producer, safe-haven currencies rally on Saudi attacks; dollar declines

Mubasher: Safe-havens and currencies of oil-exporting countries climbed on Monday, after an attack on Saudi Arabia’s oil installations.

Global Reports

16 September 2019 11:22 AM World’s services trade growth loses pace in Q2–WTO

Mubasher: Global services trade grew slower in the second quarter of this year, as it "continued to face strong headwinds leading into the second half."

Global Reports

16 September 2019 10:46 AM European shares drop as airlines fall on Saudi attack

Mubasher: European stock markets declined on Monday in response to the attack on Saudi Arabia’s oil installations, which disrupted half of the nation’s output.

Global Markets brief

16 September 2019 09:29 AM Gold climbs as attacks on Saudi plants boost safe-haven assets

Mubasher: Gold prices climbed on Monday as risk-on sentiment dropped after attacks on Saudi Arabia's oil installations, pushing safe-haven demand higher, according to Reuters.

Global Markets brief

16 September 2019 09:04 AM Oil soars after attack on Saudi crude facilities

Mubasher: Oil prices soared on Monday, with Brent recording its biggest intra-session gain since more than 28 years, after Saudi Arabia's oil facilities were attacked.

Global Markets brief