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European stocks recover in cautious trade
(The Gulf Today - 31/05/2018)

European stock markets recovered Wednesday from a sharp sell-off the day before that was triggered by the political turmoil in Italy. The euro pulled back from the 10-month lows against the dollar it had fallen to on Tuesday. Wall Street bounced back at

Manufacturers slam UK Brexit customs idea as naive
(The Gulf Today - 30/05/2018)

British manufacturers turned up the pressure on the government to abandon one of its post-Brexit customs proposals on Tuesday, slamming the idea of a technology-based plan for border checks as naive and a waste of money.<br/><br/> Prime Minister Theresa

Italy turmoil drags European stocks down
(The Gulf Today - 29/05/2018)

European stock markets and the euro dipped as chaos in Italy rattled investors who feared the nomination of a technocrat prime minister may fail on the long run to avert a eurozone crisis, analysts say. <br/><br/> Oil prices extended losses, meanwhile,

China April industrial profit growth rebounds to six-month high
(Arab News - 28/05/2018)

Profits earned by Chinese industrial firms in April rose at their fastest pace in six months, data from the National Bureau of Statistics (NBS) showed on Sunday, as factories benefited from higher prices and strong demand.<br/><br/> Profits in April rose

EU unveils pooled sovereign bonds plan amid Italian turmoil
(Gulf News - 28/05/2018)

The European Commission formally unveiled a proposal to facilitate the development of sovereign bond-backed securities, or SBBS, as it seeks to shield Europe’s bond market from future crises in the face of German opposition to any instruments that would

Trade war in sight between Europe and US
(The Gulf Today - 27/05/2018)

With Italy in political turmoil, oil prices on the rise and North Korea tensions back on the burner, the last thing the global economy needs is a big lurch towards a trade war further clouding the outlook.<br/><br/> But that is exactly what the Trump

US stocks lower on trade, geopolitical worries
(The Gulf Today - 24/05/2018)

US stocks opened lower on Wednesday, continuing the decline seen in the previous session amid a return of concerns about a trade dispute with China and talks with North Korea.<br/><br/> President Donald Trump on Tuesday cast doubt on the possibility a

Uzbekistan set to develop Islamic banking system
(Gulf Times - 23/05/2018)

Uzbekistan is joining the rising number of Central Asian nations to develop a Shariah-compliant banking system given its large Muslim population and rising demand for financial services aligned to Islamic beliefs. This month, the Uzbek government issued

China’s latest move on trade is a massive cut to car tariffs
(Gulf News - 23/05/2018)

China will cut the import duty on passenger cars to 15 per cent, further opening up a market that’s been a chief target of the US in its trade fight with the world’s second-largest economy.<br/><br/> The Finance Ministry said Tuesday the levy will be

Japan’s trade surplus with US rises
(Gulf Times - 22/05/2018)

Japan’s politically sensitive trade surplus with the US edged up in April, government data showed yesterday, after Tokyo warned it may take retaliatory measures against US tariffs.<br/><br/> Japan logged a surplus in April of ¥615.7bn ($5.6bn) with the

GE merges unit with Wabtec in $11.1b deal
(The Gulf Today - 22/05/2018)

General Electric (GE) confirmed on Monday it was unloading the bulk of its transportation business which makes train engines to Wabtec Corp, a US manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion.<br/><br/> The

US and China to abandon trade war
(The Gulf Today - 21/05/2018)

Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday.<br/><br/> The announcement came after high-level talks in the US capital and followed months of tensions

China’s second quarter GDP growth seen easing to around 6.7%
(Gulf News - 20/05/2018)

China’s economy will likely expand around 6.7 per cent in the second quarter this year, the State Information Center (SIC) said in an article in the state-owned China Securities Journal on Saturday.<br/><br/> The forecast was slightly slower than the 6.8

IMF says Argentina loan terms under discussion
(The Gulf Today - 20/05/2018)

The board of the International Monetary Fund on Friday concluded an informal meeting on a loan programme for Argentina but offered scant new details on the nature of pending support for the troubled Latin American economy.<br/><br/> A crisis of

VW core brand pulls out of Paris auto show
(The Gulf Today - 18/05/2018)

Volkswagen’s core autos brand will skip the Paris motor show this year, the company said on Thursday, becoming the latest and most prominent carmaker to ditch the biennial industry gathering in the French capital.<br/><br/> Since the VW emissions scandal

Japan’s GDP ends best growth run in decades as spending, trade fade
(Gulf News - 17/05/2018)

Japan’s economy contracted more than expected at the start of this year, suggesting growth has peaked after the best run of expansion in decades, unwelcome news for a government struggling to get traction for its reflationary policies.<br/><br/> The

Britain to renationalise rail line, new row ignited
(The Gulf Today - 17/05/2018)

The British government is renationalising the rail route between London and Edinburgh, taking back the line from a private company after it over-estimated profits, in a step likely to reignite a debate over public ownership of the UK’s

Egypt says seeks to raise $1 bln by selling stakes in four-six state firms this year
(Gulf News - 16/05/2018)

Egypt is seeking to float shares in four to six state-owned companies this year to raise up to 18 billion Egyptian pounds ($1 billion), the cabinet said in a statement on Tuesday.<br/><br/> The statement said that shares in the oil and petrochemical

Global stocks sink on soft China data
(The Gulf Today - 16/05/2018)

World stocks fell on Tuesday as investors digested soft Chinese economic data and a lack of progress in US-China trade talks, though oil companies were a bright spot as crude hit a three-and-a-half-year high.<br/><br/> MSCI’s world equity index, which

To buy or not to buy emerging markets brace for more jolts
(Gulf News - 15/05/2018)

Emerging-market prognosticators are divided on whether it’s time to buy. At the heart of the disagreement is whether expectations for even higher US interest rates will continue to dent demand for riskier assets or if developing-nation economies are

Wall Street climbs on easing US-China trade row
(The Gulf Today - 15/05/2018)

Wall Street indexes rose on Monday, helped by gains in technology stocks after President Donald Trump softened his stance on Chinese technology company ZTE Corp, signaling easing US-China trade tensions.<br/><br/> Trump on Sunday pledged to help ZTE “get

In concession, Trump will help China’s ZTE ‘get back into business
(Arab News - 14/05/2018)

US President Donald Trump pledged on Sunday to help ZTE Corp. “get back into business, fast” after a US ban crippled the Chinese technology company, offering a job-saving concession to Beijing ahead of high-stakes trade talks this week.<br/><br/> “Too

China firm yet to decide on Iran gas project
(Gulf News - 14/05/2018)

The chairman of China’s national oil and gas company on Sunday said the company has not made any decision on whether to take over Iran’s South Pars gas development if Total quits the project.<br/><br/> “We have not made a decision [on Iran] yet,” said

Russian companies to benefit from US Iran withdrawal
(Arab News - 13/05/2018)

While Russia has condemned Washington for its withdrawal from the Iran nuclear deal, Moscow remains less exposed to the economic consequences of US sanctions than Europe and its companies could even benefit from the move.<br/><br/> “The deal and the

BoE is losing its time to create breathing room before Brexit
(Gulf Times - 13/05/2018)

Mark Carney’s window to raise interest rates before Brexit is closing. As Britain draws nearer to its divorce from the European Union at the end of March with little certainty as to the economic repercussions, Bank of England policy makers with a

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