Search Results for: Oil price
Gold – a reasonable correction?
June 3rd, 2016
Gold weakened during May by about $100, from a high point of $1300 to a low of $1200. This, for technical analysts, is entirely within the normal correction zone of a third to two-thirds of the previous rise, which ...
Fed likely to avoid rate hike before Britain votes on leaving EU
June 3rd, 2016
The U.S. Federal Reserve may be forced to delay a rate hike at its June meeting because of mounting concern over the economic fallout from Britain’s vote on whether to leave the European Union. The geopolitical risk likely will ...
European stocks seen higher, focus switches to US jobs
June 3rd, 2016
European stocks opened higher on Friday as investors turned their attention to a key U.S. jobs report that could hold the key to a Federal Reserve interest rate hike this month. The FTSE opened 0.5 percent higher, the German ...
The Top Companies in the Arab World 2016
June 2nd, 2016
Last year was not an easy one for Arab companies. Political instability and plunging oil prices affected financial performance. Total market value for the 100 Top Companies in the Arab World dropped 15.5% to $689 billion between April 1, ...
Opec: No Deal Amid Saudi-Iran Stand-Off
June 2nd, 2016
Oil prices have remained flat in early Asian trading, as investors await the outcome of today’s Opec meeting in Vienna. Early this morning, Brent crude was trading at just under $50 a barrel – less than half the level ...
OPEC has turned into battleground between Saudi Arabia and Iran
May 30th, 2016
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran, writes Rakesh Upadhyay of Oilprice.com. Relations between the two countries have reached a new low. ...
Europe lower as markets eye Yellen; Philips Lighting rises at IPO
May 27th, 2016
European stocks were on lower Friday morning as investors looked ahead to comments from U.S. Federal Reserve Chair Janet Yellen. IPO for Philips spin-off The pan-European Stoxx 600 index opened 0.2 percent lower on Friday. Basic resources and health care were ...
HSI, Nikkei lead gains as most Asian markets advance
May 25th, 2016
Asia markets mostly closed higher on Wednesday, with Hong Kong leading gains and several major indexes advancing more than 1 percent each. Japan’s Nikkei 225 closed up 258.59 points, or 1.57 percent, at 16,757.35, with shares receiving an additional boost from ...
Ryanair reported €1,242 million profits
May 23rd, 2016
Ryanair has reported a 43% jump in full year profits to €1,242 million. The increase was driven by a number of factors including an 18% rise in traffic to 106 million passengers, a five percentage point increase in load ...
Europe to follow Asia’s lead with mixed open; Bayer puts in $62 billion Monsanto bid
May 23rd, 2016
European stocks are expected to open mixed on Monday following a mixed start to the week in Asia after weak Japanese export data and a dip in oil prices. The London FTSE index is called to open 1 point higher ...
