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Global Reports

16 June 06:44 PM Huawei moves up on BrandZ’s most valuable brands
The Chinese giant holds 19% of global market share
15 June 11:15 PM India weighs in trade conflict; imposes tariffs on US goods
Mubasher: Amid US-Chinese heated trade war, India, one of the biggest economies in the world, decided to step in the conflict
14 June 06:54 PM US industrial output recovers in May
Mubasher: US industrial output rebounded in May, recording the strongest upturn in six months, as production of pickup vehicles and cars climbed.
14 June 05:26 PM US business inventories rise 0.5% in April
Mubasher: US business inventories grew by 0.5% during April at $2.029 trillion on a seasonally adjusted basis.
14 June 05:13 PM US consumer sentiment declines in early June
Mubasher: The US consumer confidence declined in the first half of June, reversing the improvement in May.
14 June 05:00 PM Trump urged to resolve China trade row, drop new tariffs
Mubasher: Hundreds of companies and trade associations delivered a letter to US President Donald Trump, urging him not to levy more tariffs on Chinese goods.
14 June 03:36 PM US retail sales grow 0.5% in May
Mubasher: Preliminary official reading indicated that US retailers saw a 0.5% sales growth in May, compared with the growth in the revised reading for April.
14 June 03:26 PM Russia C.bank cuts policy rate, hints more monetary loosing
Mubasher: Russian central bank on Friday cut its benchmark interest rate on Friday for the first time as widely expected by market participants.
14 June 03:01 PM Huawei postpones Mate X launch by 3M
Mubasher: Huawei will hold back the launch of its foldable fifth-generation Mate X smartphone by three months, the latest blow to the Chinese company.
14 June 01:19 PM IEA cuts 2019 oil demand outlook on global trade fears
Mubasher: The International Energy Agency (IEA) on Friday scaled back its outlook oil demand consumption this year, citing deteriorating prospects for world trade.
14 June 12:29 PM Gold hits above $1,350 mark on growth jitters, geopolitical tensions
Mubasher: Gold climbed more than 1% amid a raft of weak economic figures from both the US and China and geopolitical tensions.
14 June 11:57 AM Oil trades higher for second session on Middle East tensions
Mubasher: Oil prices extended their rally on Friday from the previous session after attacks on two oil carriers near the strategic Strait of Hormuz.
14 June 11:17 AM China’s industrial output grows at 17-yr low pace
Mubasher: China’s industrial production growth came at the slowest momentum since more than 17 years, amid re-merging trade rows with the US.
13 June 10:47 PM EBRD offers EUR 40m for Serbian SMEs
Mubasher: European Bank for Reconstruction and Development (EBRD) has provided EUR 40 million credit line to Erste Bank Serbia.
13 June 06:48 PM Lira drops after Turkey refuses to ditch S-400 missile deal
Mubasher: Turkish lira fell by around 1.5% on Thursday after Ankara asserted its willingness to carry ahead with its purchase of Russian missile defence systems.
13 June 06:11 PM Boris Johnson leads Tory ballot with 114 votes
Mubasher: Ex-foreign secretary Boris Johnson has secured the highest number of votes in the first ballot of the race to succeed Theresa May.
13 June 05:36 PM US natural gas storage rises as prices fall
Mubasher: The US natural gas inventories climbed by 102 billion cubic feet in the week ended 7 June, totalling 2,088 Bcf.
13 June 05:30 PM EU has no plan if China stops supplying rare materials
Mubasher: The European Union has no clear strategy on maintaining the flow of rare raw materials supplied by China, Reuters reported.
13 June 05:11 PM OPEC slashes oil demand outlook over trade disputes, growth jitters
Mubasher: The Organization of the Petroleum Exporting Countries lowered its forecast for the global demand on Thursday.
13 June 04:15 PM US jobless claims post 5-week high in early June
Mubasher: The number of unemployed individuals in the US who applied for benefits edged up to five-week peak last, official weekly report showed on Thursday.
13 June 03:56 PM US import prices post first decline in 5M
Mubasher: The costs of the US imports declined in May, the first decline since last December.
13 June 03:41 PM OPEC oil output drops to 5-yr trough in May
Mubasher: Oil production from the Organization of the Petroleum Exporting Countries (OPEC) dropped in May, hitting its lowest level since five years.
13 June 03:10 PM Japanese oil carriers attacked near Hormuz Strait
Mubasher: Two “Japan-related” oil carriers near the strategic the strategic Strait of Hormuz were reportedly attacked on Thursday, amid heightened tensions between Tehran and Washington.
13 June 02:16 PM US budget deficit widens in May despite tariff revenue
Mubasher: The US budget deficit expanded by 41.5% year-on-year to $207.76 billion in May as income from the collected taxes was eclipsed by federal spending.
13 June 01:01 PM Venezuela to circulate bigger banknotes as hyperinflation takes heavy toll
Mubasher: Venezuela plans to issue large-denomination bolivar bills as a wild hyperinflation eats into the currency’s value and complicates everyday purchases in the crisis-torn nation.