NEW YORK: US crude oil prices were down as much as 4 percent on Thursday, approaching 12-year lows hit last month, weighed down by brimming US crude inventories and a Goldman Sachs forecast that price
LONDON: Glencore has taken another step to reduce its debt by selling $500 million of future precious metals output, and deepened oil production cuts after prices fell further.
SAN FRANCISCO: Twitter’s woes deepened as the struggling messaging platform said it failed to add users in the past quarter, adding to concerns it is lagging in the fast-moving world of social network
LONDON: Gold surged nearly 4 percent on Thursday to its highest in a year as fears about financial instability, a lower dollar and US Treasury yields persuaded investors to seek refuge in the precious
JEDDAH: Saudi Arabia’s ACWA Power plans to raise $8 billion of debt in the first half of this year to finance projects that will help to boost its generating capacity by a third by the end of 2016, it
JEDDAH: Several major stock markets in the Middle East dropped over 2 percent on Thursday as protracted weakness in oil prices and the gloom in equity markets globally prompted investors to dump share
LONDON: Only 20-25 percent of small and medium-sized British and French companies hedge their exposure to fluctuations in currency rates which can have a huge impact on their bottom lines, according t
PARIS/LONDON: France’s Total beat quarterly earnings expectations powered by high production and refining margins but said it plans fresh spending cuts in response to one of the worst market downturns
BERLIN: The European Central Bank will take a decision soon on whether to keep printing 500-euro banknotes, with the arguments for doing so becoming “less and less convincing,” a top-ranking official
JOHANNESBURG: South African retailer Woolworths Holdings Ltd. will aim to conserve cash as growth slows in its home market, CEO Ian Moir said.
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