Government bank deposits continued to fall in Saudi Arabia and the UAE last month, as the low oil price hits the balance sheets of lenders in both countries. In ... Read More
All OPEC members except Libya now scheduled to attend talks Russia will join meeting while Argentina, Brazil declined Iran will attend talks with fellow OPEC members and Russia in ... Read More
India’s got an oil problem. The country’s lightning-fast growth rate is fueling increased demand for crude. Yet India doesn’t pump much oil at home, forcing it to rely on ... Read More
Federal Reserve Chair Janet Yellen reiterated on Tuesday that interest rates would rise slowly. Yellen was speaking at the Economic Club of New York. In her prepared remarkspublished before the ... Read More
Oil may drop to low $30s a barrel in selloff, Norrish writes Raw materials `vulnerable to a wave of investor liquidation’ Commodities including oil and copper are at risk ... Read More
What you need to know about Tuesday’s data released in Japan: The numbers for February paint a mixed-to-negative picture of the Japanese economy, maintaining pressure on Shinzo Abe’s government ... Read More
Optimism among firms in the financial services sector has fallen at the fastest rate since 2011, according to the latest CBI/PwC Financial Services Survey. The quarterly survey of 104 ... Read More
Greece’s fledgling economy fell back into recession in the fourth quarter of 2015, as the combination of sky-high unemployment, weak inflation and a shaky financial sector ended a turbulent ... Read More
Cyprus on Thursday launched a third licensing round for offshore oil and gas drilling off the Mediterranean island’s southern coast. “The decision to launch this licensing round was based ... Read More
Marking a significant setback for gas exploration in the Eastern Mediterranean, Israel’s high court struck down a deal between the government and a U.S. consortium led by Noble Energy NBL -0.65%. Citing the ... Read More
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