Thursday 30 June 2016
 
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UAE raises May gasoline, diesel prices

The UAE will raise domestic prices for gasoline and diesel in May after global oil prices increased, the ministry of energy said on Thursday. The price of a litre of octane 95 gasoline will rise to Dh1.67 ($0.46) at the start of n

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Saudi fuel subsidy reforms are 'credit positive'

Saudi Arabia has revealed a series of fuel-related subsidy reforms that are credit positive for the sovereign, as they will lower current expenditures and bolster government finances dented by the downturn in global oil prices, while reducing

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Saudi fuel subsidy reforms are 'credit positive'

Saudi Arabia has revealed a series of fuel-related subsidy reforms that are credit positive for the sovereign, as they will lower current expenditures and bolster government finances dented by the downturn in global oil prices, while reducing

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Uneasy calm in markets about upcoming US rate hike

An "uneasy calm" prevails in financial markets about the first increase in US interest rates in almost a decade, which is widely expected later this month, the Bank for International Settlements said in its latest report.

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Asia's factories still struggling as US rate hike looms

Factory activity deteriorated across much of Asia in November, with China sinking to a three-year low, as policymakers braced for an expected rise in US interest rates later this month that could jolt the global economy. Business

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Asia's factories still struggling as US rate hike looms

Factory activity deteriorated across much of Asia in November, with China sinking to a three-year low, as policymakers braced for an expected rise in US interest rates later this month that could jolt the global economy. Business

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Saudi shipping firm Bahri posts big jump in Q3 profit

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a significant hike in third-quarter net profit on Thursday.   The company's net profit for the three mon

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India aims to curb airfare hikes during festivals

A steep rise in airfares during festive seasons in India has attracted the concern of Prime Minister Narendra Modi, said a report. Observing the trend of airlines hiking prices during festival seasons, India’s civil aviation

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Dollar, US yields rise on rate-hike prospects

The dollar traded near weekly highs and US Treasury yields rose on Thursday as US gross domestic product data showed a pick-up in consumer spending and encouraged bets that hikes in US interest rates will start as soon as September.

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Gold around 8-month low on Fed hike prospect

Gold fell close to its lowest level in eight months on Friday (July 17) pressured by a strong dollar and increasing bets on a Federal Reserve rate rise this year while platinum hit lows not seen in more than six years. Platinum br

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