Search Results for: Arab
ICO flags hedge fund role in coffee price tumble
May 10th, 2017
Hedge funds are the primary cause of the drop in coffee prices which has driven both arabica and robusta futures to multi-month lows, the International Coffee Organization said, noting broad correlations in commodity moves. The ICO, which said that ...
Oil futures rose in Asian trading on Wednesday
May 10th, 2017
Oil futures rose in Asian trading on Wednesday after Reuters reported Saudi Arabia would cut supplies to the region as OPEC battles against rising U.S. output that is threatening to derail its attempts to end a sustained global glut ...
Oil gives up earlier gains as rising US output, China concerns weigh
May 9th, 2017
Oil prices gave up earlier gains on Tuesday, as concerns over slowing demand and a relentless rise in U.S. crude output undermined the impact of hopes that OPEC-led production cuts could be extended. Brent crude futures, the international benchmark ...
Gulf countries will return to economic growth
May 8th, 2017
The International Monetary Fund (IMF) has forecast the return of GCC countries to faster economic growth starting next year, supported by a fundamentally strong financial services sector and improved growth in the non-oil private sector as well as a ...
The European Banking Authority published Technical Standards for services linked to a payment account
May 8th, 2017
EBA publishes final draft Technical Standards under the Payment Accounts Directive to enhance transparency and comparison of payment account fees The European Banking Authority (EBA) published today its final draft Technical Standards setting out the standardised terminology for services ...
Oil prices rise on expectation of output cut extension
May 8th, 2017
Oil prices rose on Monday as Saudi Arabia’s energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of 2017, although a relentless increase in U.S. drilling capped gains. Brent ...
Oil prices continue slide; WTI nearing six-month low as supply glut weighs
May 5th, 2017
Oil prices fell by as much as a further 3 percent on Friday, after prices had crashed to five-month lows in the previous session, as concerns about global oversupply wiped out all of the price gains since OPEC’s move ...
Western Union reports revenue of $1.3 billion for Q1 2017
May 4th, 2017
The Western Union Company (NYSE: WU) today reported first quarter financial results and affirmed its outlook for 2017, which was previously provided on February 9, 2017. In the first quarter the Company generated revenue of $1.3 billion, which was ...
FIS reports first quarter 2017 results
May 4th, 2017
GAAP revenue increased 3.4 percent, and organic revenue increased 1.7 percent Diluted EPS from continuing operations was $0.41, and Adjusted EPS was $0.86 Net cash provided by operating activities was $454 million, and free cash flow was $363 million ...
Is oil market moving from balance into deficit?
May 4th, 2017
Market demand is heading into balance in the second half of the year, should the Organization of the Petroleum Exporting Countries (OPEC) extend its production-cut agreement with other producers from outside the group for another six months after the ...
