News
Post-Brexit global equity loss of over $2 trillion worst ever: S&P
The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor's Dow Jones Indices.
News
Sterling, global stocks rise as markets bet Britain will remain in EU
Sterling climbed to a 2016 high and global stocks rallied as investors bet Britons were likely to vote to remain in the European Union.
News
EU agrees extending Russia economic sanctions, formal decision pending: sources
The European Union's Brussels envoys agreed on Tuesday to extend until the end of January the energy, financial and defense sanctions on Russia over the conflict in Ukraine, but formal approval is still pending, diplomatic sources said.
News
With oil price near $50, resilient U.S. shale producers eye new chapter
Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency.
News
Heavy trading predicted around Brexit vote
U.S. stock markets could see heavy trading and increased volatility as investors position for next week's referendum on whether Britain remains in the European Union.
News
Kurds ready for new oil deal with Baghdad if they get $1 billion a month
Iraq's Kurds said they are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports if it guarantees them monthly revenue of $1 billion, more than double what they make currently from selling oil.
News
Turkey bans sale of some fertilisers after bomb attacks
Turkey has banned the sale of fertilisers containing ammonium nitrate, which can be used in explosives, after at least half a dozen car bomb attacks this year, the agriculture minister said on Thursday.
News
As Iran's oil exports surge, international tankers help ship its fuel
More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters shows, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January.
|