Global Reports

04:54 PM Qatar unveils design of biggest stadium for 2022 World Cup
The stadium will be used for the opening and final games of 2022 FIFA
03:24 PM Saudi industrial entities’ electricity bill hits SAR 8.5bn in 2017
Electricity bill of Saudi industrial entities hits SAR 8.5bn in 2017
14 December 08:30 PM Moody's affirms Lebanon's rating, downgrades outlook
Moody's Investors Service changed the outlook to negative from stable on the Government of Lebanon's issuer ratings and affirmed the ratings at B3
14 December 05:52 PM US industrial output growth picks up steam in November
US industrial production expanded in November on the back of cold weather-induced utility usage, data by the Federal Reserve Bank showed on Friday.
14 December 04:53 PM Tesla lowers China car prices after tariff drop US autos
Tesla lowered prices for its Model S and Model X vehicles in China, after Beijing decided to suspend extra duties on autos from the US.
14 December 04:37 PM US retail sales rise 0.2% in November
Initial estimates suggested that US retailers saw a month-on-month sales growth in November, official data revealed on Friday.
14 December 03:57 PM China to halt 25% tariff on US autos
China said it would temporarily put its extra 25% tariff on US vehicles on hold.
14 December 03:05 PM Russia C.bank raises rate, plans to continue FX purchases
Russian Central Bank raised its benchmark interest rate on Friday, in response to rising inflation.
14 December 02:32 PM German C.bank confident in economy, but warns of risks
Germany's Bundesbank voiced its confidence that the economy would overcome its latest slowdown, warning that rising protectionism and a no-deal Brexit threaten the outlook.
14 December 01:03 PM US plans to officially postpone tariff hike to March–Report
The US administration would announce officially its decision to postpone a tariff raise on $200 billion in Chinese imports until 1 March.
14 December 12:14 PM Eurozone business growth hits 4-yr low in December
Provisional estimates for the Eurozone indicated that economic activity growth slowed down in December to the weakest pace in more than four years.
14 December 11:45 AM Gold slips as dollar gains, investors focus on Fed meeting
Gold fell on Friday, as a stronger US dollar weighed on the precious metal which was heading to post its largest fall in five weeks.
14 December 11:14 AM Oil falls on China economy fears, as supply curbs support
Oil fell on Friday amid worries about the slowdown in Chinese economic growth, but supply curbs announced by oil producers offered some support for prices.
14 December 12:48 AM Trump wants Fed to stop interest hikes  
Mubasher: The President of the United States hopes that the Federal Reserve will not be raising interest rates anymore
14 December 12:40 AM US budget deficit up 48% in November 
The United States saw a jump in the budget deficit in November, due to an increased public spending.
13 December 06:34 PM US natural gas storage drops as prices surge
The US natural gas inventories dropped by 77 billion cubic feet (Bcf) in the week ended 7 December to a total of 2,914 Bcf.
13 December 06:30 PM ECB’s head sees economic risks ‘moving to downside’
The European Central Bank President Mario Draghi warned that economic risks facing the Eurozone are now “moving to the downside.”
13 December 05:10 PM Saudi GAZT, Al Khaleej Training ink SAR 23m deal
Saudi GAZT, Al Khaleej Training ink SAR 23m deal
13 December 05:00 PM US weekly jobless claims drop 27,000 in early December
US unemployment claims dropped 27,000 week-on-week to 206,000 claims in the week ended 8 December, data released on Thursday showed.
13 December 04:50 PM US import prices record largest drop in 3 yrs
The costs of the US import dropped in November, helped mainly by lower fuel prices, data released on Thursday showed.
13 December 04:02 PM ECB holds interest rates; QE to end in December
The European Central Bank on Thursday decided to keep its key interest rates on hold.
13 December 03:48 PM Turkey C.bank holds interest rate unchanged
Turkey's central bank on Thursday kept its benchmark rate unchanged.
13 December 03:31 PM Swiss C.bank maintains ultra-loose policy, slashes inflation outlook
Switzerland's central bank left its expansive monetary policy unchanged, lowering its inflation forecast for next year citing strong Swiss franc and economic downside risks.
13 December 02:59 PM Norway C.bank puts rate on hold, expects slower tightening pace
Norway's central bank left its benchmark interest rate unchanged, but said it would tighten cost of borrowing at a slightly slower pace than previously planned.
13 December 01:47 PM Global oil supply could tighten more rapidly in 2019–IEA
The global oil market could shift into supply shortage sooner than expected, the International Energy Agency said on Thursday.