Friday 28 August 2015
 
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Oil markets extend gains after biggest daily climb in 6 years

Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies.   US crude are on track for their

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Lessons from oil's 'lost decade'

Saudi Arabia and its Opec allies are counting on strong growth in demand coupled with slower growth in non-Opec supply to rebalance the oil market in 2016. But the experience of the "lost decade" after prices slumped in

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Iran says will reclaim full oil market share post-sanctions

Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on the Opec member are lifted, Iran's oil minister Bijan Zanganeh said.   Iran and six world

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Global industrial robotics market to reach $41bn by 2020

The global industrial robotics market is expected to grow at a compound annual growth rate (CAGR) of 5.4 per cent till 2020, reaching a market size of $41.17 billion in 2020, according to a new report by Allied Market Research. Al

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Great fall of China sinks world stocks, dollar tumbles

Alarm bells rang across world markets on Monday as a 9 per cent dive in Chinese shares and a sharp drop in the dollar and major commodities panicked investors. European stocks opened more than 3 per cent in the red after their Asi

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Great fall of China sinks world stocks, dollar tumbles

Alarm bells rang across world markets on Monday as a 9 per cent dive in Chinese shares and a sharp drop in the dollar and major commodities panicked investors. European stocks opened more than 3 per cent in the red after their Asi

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Saudi money market turmoil shows bank jitters

Turmoil in the Saudi Arabian money markets suggests that financing the government's budget deficit in an era of cheap oil may not be smooth as banks worry about the risk of a liquidity squeeze. The government sold SAR20 billio

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Gold spinning its wheels as hedge funds flee

The sentiment in gold and other metal markets has been turning increasingly negative during the past month, according to an expert.   Ole Hansen, head of commodity strategy at Saxo Bank, said that no signs of inf

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Syrian jet crashes into market, 27 killed

At least 27 people were killed and dozens injured when a Syrian army fighter jet crashed into a busy marketplace in the rebel-held northwestern town of Ariha on Monday, residents and witnesses said. Most of the dead were civilians

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China July factory growth stalls

Growth at China's big manufacturing companies unexpectedly stalled in July as demand at home and abroad weakened, an official survey showed on Saturday, reinforcing views that the economy needs more stimulus as it faces fresh risks from a st

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