BENGHAZI: A state oil firm loyal to Libya's official government based in the east of the country has postponed a conference in Dubai to discuss oil majors' existing contracts with the OPEC member coun
ALGIERS: Algeria's government said on Saturday it will cut spending by 9 percent next year due to the drastic fall in global oil prices as the OPEC petroleum and gas producer tries to counter the dro
KIEV: The debt restructuring that Ukraine has agreed with its private creditors has all the hallmarks of a win-win: The government can boast of persuading investors to accept a haircut, while the cred
new york: Days after China threw the biggest scare into Wall Street in years, US stocks have come surging back and ended the week Friday on a placid note that suggested the worst may be over for now.<
LONDON: Many commodities faced a fierce sell-off earlier this week, rooted in demand fears arising from China's slowdown, but later rebounded in line with equities after surprisingly strong US growth
DUBAI/LONDON: A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend marke
WASHINGTON: US consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve int
LONDON: Front-month Brent crude futures surged more than 10 percent higher on Thursday, one of the largest daily percentage movements on record, as traders raced to cover short positions.
LONDON: Global stock markets finished mixed on Friday at the end of a turbulent week driven by worries over China's slowing growth with some relief coming from data showing the strength of the US econ
SAN FRANCISCO: Apple has sent invitations to an event on Sept. 9 in San Francisco, where it's expected to unveil the latest iPhone, a new Apple TV set-top box and other updated products.
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