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Indonesia raises $1.25bn in first Asian sovereign green sukuk issuance
(Gulf Times - 28/02/2018)

Indonesia has become the first Asian country to sell “green” bonds internationally in a $1.25bn deal as one of the world’s worst greenhouse gas emitters tapped into investor interest in climate-friendly investments.<br/><br/> Globally, $155.5bn of

UK trade chief: Staying in EU customs union would be sell-out
(Gulf News - 28/02/2018)

Britain must leave the EU customs union to strike new trade deals after Brexit, the country’s trade minister said Tuesday, widening a major fissure within British politics over future trade relations with the bloc.<br/><br/> International Trade Secretary

Stock markets kick off week with solid gains
(The Gulf Today - 27/02/2018)

Global stock markets rose solidly on Monday following healthy pre-weekend gains on Wall Street. The advances helped take another bite out of the big losses suffered at the start of February, which were sparked by concerns that rising US inflation could

South Korea's car industry faces choppy waters
(The National - 26/02/2018)

It's not so long ago that South Korea's shipyards were keeping the world afloat. The slipways of Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries accounted for more than a third of the global market. Then

China’s January home prices rise
(Arab News - 25/02/2018)

China’s new home prices grew in January although major cities saw early signs of softening, as the government continued its efforts to rein in speculative demand to fend off bubble risk.<br/><br/> The acceleration in prices across the nation suggests

US to discuss trade disputes with Chinese official
(Times of Oman - 25/02/2018)

Senior US officials will discuss trade disputes next week with a top Chinese economic official when he visits Washington, a senior US official said on Friday as President Donald Trump considers new tariffs on steel imports.<br/><br/> The talks will be

GM proposes $2.8 bn, 10-year investment in S Korea
(Oman Daily Observer - 23/02/2018)

General Motors (GM) has proposed an investment of $2.8 billion into its loss-making South Korean operations over the next 10 years and has asked Seoul to provide its share of the funds, a South Korean government official said. The US automaker announced

European stocks slide on Fed rate-rise fears
(The Gulf Today - 23/02/2018)

European stock markets slid on Thursday after Federal Reserve minutes fanned expectations that US interest rates would rise further and faster than previously thought.<br/><br/> London’s benchmark FTSE 100 index underperformed its European peers as

UK jobless rate rises unexpectedly, wage growth steady
(Gulf News - 22/02/2018)

Britain’s jobless rate unexpectedly rose for the first time in almost two years and pay growth remained modest, leaving the Bank of England waiting for the stronger labour market that would justify a new interest rate hike.<br/><br/> British government

Final version of trans-Pacific trade deal released, rules pushed by US on ice
(Gulf News - 22/02/2018)

The final version of a landmark deal aimed at cutting trade barriers in some of the Asia-Pacific’s fastest-growing economies was released on Wednesday, signalling the pact was a step closer to reality even without its star member the United

HSBC weighs on banks as European stocks advance
(Arab News - 21/02/2018)

European shares rose on Tuesday thanks to a slew of well-received results, though banks were a weak spot after HSBC reported weaker than expected earnings and said it needed as much as $7 billion of fresh capital.<br/><br/> The pan-regional STOXX 600

Deutsche Bank starts cutting global workforce
(The National - 21/02/2018)

Deutsche Bank has started cutting at least 250 jobs globally at its corporate and investment bank as Germany’s largest lender seeks to keep a lid on expenses amid a sustained slide in the securities unit, according to people with direct knowledge of the

Stocks struggle as bond yields, dollar regain traction
(The Gulf Today - 21/02/2018)

A six-day rebound in world stocks spluttered to a halt on Tuesday as bond market borrowing costs regained traction and the dollar kicked firmly off a three-year low.<br/><br/> The rise in bond yields looked set to pressure Wall Street’s main indexes when

Egypt aims to sell Eurobonds worth $3-$4 bln in 2018-2019 fiscal year
(Gulf News - 20/02/2018)

Egypt aims to sell Eurobonds worth $3-4 billion in the 2018-2019 fiscal year which begins in July, deputy finance minister Ahmed Kouchouk told the Saudi-owned Al Arabiya television network on Sunday.<br/><br/> Egypt raised $4 billion (Dh14.7 billion) in

Japan posts $8.9 bn trade deficit
(Oman Daily Observer - 20/02/2018)

Japan posted a trade deficit of 943.4 billion yen ($8.9 billion) in January, the first shortfall in eight months,amid growing energy imports, the government said on Monday. The value of inbound shipments climbed 7.9 per cent from a year earlier to 7

Global market volatility may fade for now as bonds eyed
(Gulf News - 19/02/2018)

The market volatility seen during last week’s market turmoil may fade this week, but investors still need to keep an eye on bond markets for direction, according to analysts.<br/><br/> “From here, implied volatility will, in all likelihood, fall. But

Lagarde warns on rate risk from US tax reform
(The Gulf Today - 18/02/2018)

IMF chief Christine Lagarde warned on Saturday that economic stimulus from US tax cuts may lead to a rapid rise in interest rates which would weigh on countries with high debt levels.<br/><br/> The International Monetary Fund was going to be “attentive”

Global demand for private jets to hit 28,000
(Trade Arabia - 18/02/2018)

With the global air passenger numbers likely to hit a whopping 4.3 billion this year, the demand for private jets will peak to a new high with the industry needing more than 21,000 aircraft to cater to the passenger boom, said a report.<br/><br/>

India's PNB seeks to soothe investors after uncovering massive fraud
(Saudi Gazette - 16/02/2018)

Punjab National Bank, India's second-largest state-run lender, sought to soothe investors on Thursday after the discovery of a $1.77 billion scam at a single branch sent its shares plunging and raised fears about the scale of fraud in the

Pakistan eyes $61bn export revenue in next five years
(Gulf Times - 16/02/2018)

Pakistan eyes more than $60bn in exports revenue in the next five years, betting on a double-digit growth in outbound shipments so far in the current fiscal year, but industry officials linked the target with ease of doing business.<br/><br/> Ministry of

Stocks gain as inflation panic cools
(The Gulf Today - 16/02/2018)

World stock markets pushed higher on Thursday as investors shopped for bargains following a brutal correction sparked by inflation fears.<br/><br/> European stocks held on to morning gains, and New York stocks built on the previous day’s rebound in early

German economy set for more growth
(The Gulf Today - 15/02/2018)

Analysts said on Wednesday that Europe’s largest economy Germany will likely maintain or pick up its pace of growth this year, after booking a 0.6-percent expansion between October and December.<br/><br/> “In 2017, all planets were aligned” for the

World growth raised to 3.9%; US inflation on the rise
(Arab Times - 15/02/2018)

The broad-based global economic recovery gained further steam, including in the US, where the inflation narrative appeared to shift toward a more hawkish scenario. After months of solid data, the IMF raised its 2017 growth estimate for the world economy

Japan economy grows for longest period since 1980s bubble boom days
(Arab News - 14/02/2018)

Japan’s economy grew for the eighth straight quarter at the end of 2017, government data showed Wednesday, its longest period of expansion since the “bubble” boom days of the late 1980s.<br/><br/> Gross domestic product figures fell short of expectations

Credit Suisse hit by $1 billion US lawsuit, says case without merit
(Oman Daily Observer - 14/02/2018)

Credit Suisse faces a US class action lawsuit over $1 billion in writedowns it took in 2015 and 2016 linked to its trading division, Swiss newspaper SonntagsZeitung reported on Sunday, but the Swiss bank said the case was “without merit”. Starting in

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