Monday 30 March 2015
 
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Gold falls on dollar after7-day rally, set for weekly gain

Gold fell on Friday, snapping a seven-day rally as the dollar rebounded after Federal Reserve officials signalled they remained on track to raise rates this year, but the metal still looked set to post its second straight weekly gain.

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Qatar's Ooredoo expects revenue to fall this year

Qatar's Ooredoo forecasts its revenue will fall by as much as three per cent in 2015 and core earnings will drop by a similar margin, a presentation by the telecommunications operator on its website shows. Ooredoo, which has e

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Oil plunge 'posing big economic challenges'

The steep fall in energy prices will hit investment in oil and gas projects worldwide and the industry may cancel about $1 trillion of planned projects globally in the next couple of years, a senior Saudi Aramco executive has said.

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Oil down for 2nd day but sharply off early loss

Oil prices fell for a second day on Thursday (February 19), after the US government reported another record high in crude inventories, but prices bounced sharply off session lows on relief the builds were less than an industry group had estimate

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Rolls-Royce says profits could fall 13pc this year

British engineer Rolls-Royce has warned profits this year could fall by as much as 13 per cent on top of an eight per cent drop last year, saying the low oil price had increased uncertainty for many of its markets and customers. T

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Oil prices fall to take toll on Bahrain’s budget

Falling oil prices will take their toll on Bahrain's budget for at least two years, the Cabinet heard yesterday (February 9). Guidelines for the proposed blueprint (2015-2016) yesterday took centre stage at the weekly session,

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Tata Motors profit down 26pc, misses estimates

Tata Motors, India's biggest automaker by revenue, posted a fall in quarterly profit, missing analyst estimates, due to losses in its domestic business, unfavourable foreign exchange rates and a dip in sales at its Jaguar Land Rover unit.

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Energy conservation in refining sector urged

There is a growing need for energy conservation in the refining sector due to falling oil prices, Bahrain’s Energy Minister Dr Abdulhussain Mirza said yesterday (February 3). He was speaking after opening the "Options f

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Gold on course for biggest weekly fall since Nov

Gold was on course for its biggest weekly fall in two months despite edging higher on Friday, a day after a two per cent slide on expectations for a US interest rate rise. Investors took some profits on Thursday on concern that st

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Petchem prices fall 18pc, biggest drop in 6 years

Global petrochemical prices fell about 18 per cent in December, the biggest month-over-month drop since November 2008, even as energy and naphtha prices continued to slide, according to a report. The prices in the more than $3-tri

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