Friday 26 May 2017

Oil falls back after early rally on US storm worries

Oil prices fell back on Thursday after an early rally on fears of storm damage to US oil installations faded.   Brent, the global benchmark for oil, was down 20 cents, or 0.4 per cent, at $48.17 a barrel by 10:33


Epidemics alert centre planned in Gulf

An early warning centre has been proposed to monitor emerging epidemics in the Gulf. Already in the planning stages, the centre is one of a set of recommendations to come from the three-day International Collaborative Conference i


BMB set to repay $75m loan early

BMB Investment Bank will repay the outstanding balance of $28.5 million on its $75 million syndicated loan on Friday, four months ahead of schedule. The bank had to extend this loan when it faced a credit squeeze in 2002 but chief executiv


CS sees early end to subprime crisis

The worst of the banking crisis resulting from the subprime meltdown is likely to be over in months rather than quarters, Credit Suisse chief executive Brady Dougan has said. Dougan said he was an optimist and it could take three, four, fi

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