Middle east news

15 February 2019 11:22 AM Oil begins Friday near stability

Mubasher: Oil went up on Friday, supported by the output cuts led by OPEC and the shutdown of a Saudi offshore oilfield.

Oil and Energy

14 February 2019 10:12 PM Oil levels up at Thursday’s settlement

Mubasher: Oil futures ended Thursday in green, supported by the optimism regarding the outcome of the trade talks between the US and China.

Oil and Energy

14 February 2019 09:06 PM Gold loses over $1 on Thursday

Mubasher: Gold settled lower on Thursday, as the US reported negative economic data.

Goods and Metals

14 February 2019 06:32 PM US VP urges EU allies to exit Iran accord

The Trump administration on Thursday urged the US traditional allies in Europe to quit the landmark 2015 nuclear accord with Iran.

Global Reports

14 February 2019 06:30 PM Coca-Cola turns profitable in Q4; revenues fall

Coca-Cola swung to profit in the fourth quarter of 2018 from the previous year, whereas its revenues dropped 6% year-on-year.

Global Markets brief

14 February 2019 05:34 PM US natural gas storage dips as prices climb

The US natural gas inventories dropped by 78 billion cubic feet in the week ended 8 February, to a total of 1,882 Bcf.

Oil and Energy

14 February 2019 05:18 PM US business inventories decline 0.1% in November

US business inventories declined 0.1% in November 2018 to $1.981 trillion on a seasonally adjusted basis, the US Commerce Department's Census Bureau said.

Global Reports

14 February 2019 04:11 PM Beijing ends trade talks with UK over threatening announcement

China’s vice premier Hu Chunhua has reportedly cancelled trade talks with the UK’s finance minister.

Global Reports

14 February 2019 04:08 PM US jobless claims rise 4,000 February’s second week

US unemployment claims rose 4,000 week-on-week to 239,000 claims in the week ended 9 February, according to data released on Thursday.

Global Markets brief

14 February 2019 03:52 PM US producer prices fall 0.1% in January

The seasonally adjusted US producer price index for final demand ticked down 0.1% in January, official data released on Thursday showed.

Global Reports

14 February 2019 03:39 PM US retail sales fall 1.2% in December

Preliminary estimates indicated that US retailers saw a month-on-month sales decline in December, official data showed on Thursday.

Global Markets brief

14 February 2019 03:29 PM Turkish C.bank considers liquidity easing measures – Governor

The Central Bank of the Republic of Turkey is considering measures to ease liquidity without compromising the tight monetary policy.

Global Reports

14 February 2019 03:22 PM Airbus to scrap world’s biggest passenger jet

Airbus announced that it would stop building the A380 double-decker after 12 years in service.

Global Reports

14 February 2019 02:50 PM China’s FDI growth slows down sharply in January

Foreign direct investment into China grew 4.8% year-on-year in January, slowing down sharply from a 23.2% increase in December, official data showed on Thursday.

Global Markets brief

14 February 2019 01:55 PM Japan’s economy recovers in Q4, posts 7th straight annual growth

Japanese economy bounced back in the fourth quarter of 2018, as business and consumer spending rebounded from the impact of natural disasters in the summer.

Global Reports

14 February 2019 01:40 PM Trump may push back China tariff deadline by 60 days

US President Donald Trump is weighing extending the deadline for the implementation of higher tariffs on Chinese goods by 60 days.

Global Reports

14 February 2019 00:38 PM Renault’s revenue, profit decline in 2018

French auto giant Renault on Thursday reported that its net income and revenues declined over the course of 2018.

Global Reports

14 February 2019 00:27 PM Eurozone, EU28 post employment growth in Q4

Employment across the 19-member Eurozone and the 28-member European Union (EU) rose in the fourth quarter of 2018, compared with the previous quarter.

Global Reports

14 February 2019 00:10 PM Eurozone, EU28 grow at 0.2% in Q4

Preliminary reading indicated that gross domestic product in both the Eurozone and the 28-member European Union (EU28) rose 0.2% in the fourth quarter of 2018.

Global Reports

14 February 2019 11:04 AM Gold rises early Thursday on Fed rate hike pause hopes

Gold inched up earlier on Thursday as weak US inflation figures stoked expectations that the Federal Reserve would put rate hikes on hold this year.

Goods and Metals

14 February 2019 10:44 AM Oil climbs on US-Sino trade optimism, positive China data

Markets were optimistic that global economic outlook would see an improvement thanks to the potential progress in the trade negotiations between the US and China.

Global Markets brief