JEDDAH: OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign of wavering in their focus on
FRANKFURT: Deutsche Bank’s new boss has hit out at staff in a memo saying performance was “nowhere good enough” after Germany’s largest bank warned that its turnaround was at risk from heavy legal cha
LONDON: Britain’s state-rescued Lloyds Banking Group said that net profits rose by 31 percent in the first half, despite setting aside further funds to compensate customers who were mis-sold insurance
HONG KONG: Tech entrepreneurs gathered in Hong Kong showing everything from next-generation wearables to “smart” sex toys as investors seek to tap into the Asian market, seen as a breeding ground for
LONDON: Barclays’ new chairman sought to stamp his mark on the bank by accelerating the sale of assets and cost cutting after the group produced a 12 percent increase in second-quarter profits.
PARIS: Airbus Group’s net profits climbed 34 percent in the first half of the year to 1.5 billion euros ($1.6 billion), bolstered by the sale of its stake in fighter jet maker Dassault Aviation, the E
LONDON: Oil prices steadied on Friday as a sharp fall in the dollar balanced evidence of growing oversupply, with core OPEC producers pumping near record levels.
TOKYO: Asian imports of Iranian crude oil rose from a year ago in June, the last month before a landmark agreement that will eventually lead to more exports from the country was reached on Tehran’s di
MOSCOW: Russia’s central bank has made its smallest interest rate cut this year as it juggled attempts to resuscitate the economy with inflation fears after a recent slide in the ruble.
BRUSSELS: Inflation in the 19-nation eurozone was unchanged in July while the jobless rate for June was also flat, suggesting the economy maintained only modest growth, official data showed.
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