China stocks suffer mauling, Fed leaves dollar in a dazeLONDON: The dollar was on the defensive Thursday, a day after its worst drubbing in five months, as the biggest slump in Chinese stocks in almost two years took the shine off another record high in a...
OPEC chatroom dead as Qatar crisis hurts Gulf oil cooperationDUBAI/LONDON: OPEC's most powerful internal alliance, bringing together the oil producer group's Gulf members, is disintegrating fast. As a six-month-old spat between Saudi Arabia and Qatar deepens, t...
How ‘princess’ of Angola lost her oil crownLUANDA/LONDON: On Oct. 6, with the dust still settling on Angola's first change of power in 38 years, new President João Lourenço sat down with international oil majors at the presidential palace in L...
ECB split over keeping bond buys open-ended: minutesFRANKFURT: European Central Bank policymakers broadly agreed last month on extending their asset purchase scheme but a decision to keep the bond buys open-ended appeared to generate fiercer debate, mi...
With a grim Brexit budget, British finance minister Hammond hushes critics for nowLONDON: A grim Brexit budget that slashed growth forecasts but gave young voters a tax break on buying their first property may have placated critics of British finance minister Philip Hammond, at lea...
German economy ‘going great guns’ as growth picks up further in NovBERLIN: Germany's private sector shifted into an even higher gear in November as factories churned out goods at the fastest pace in nearly seven years, a survey showed on Thursday, suggesting Europe's...
Philippine leader gives order to start easing foreign business restrictionsMANILA: Philippine President Rodrigo Duterte has instructed government agencies to scrap or start easing barriers that foreigners face in multiple business and employment sectors, part of moves to lib...