Oil plunge fuels run on energy firms as Asia stocks tumble
Energy firms led another stock market sell-off Monday, but analysts said a fall in oil prices to seven-year lows was driven more by fears...
Gulf banks are limiting their lending to minimize losses
Gulf central banks have introduced stimulus measures worth tens of billions of dollars including loan repayment holidays to distressed businesses and individuals and fee...
Turkish banker gets 32 months prison in U.S. case over Iran sanctions
A U.S. judge sentenced Mehmet Hakan Atilla, a Turkish banker at Turkey's state-controlled Halkbank, to 32 months in prison on Wednesday after he was...
Iran could decide fate of first global oil deal for 15 years
The fate of the first global oil deal in 15 years could be decided on Wednesday when OPEC members travel to Iran to persuade...
Oil extends losses in Asia on strong OPEC output
Oil tumbled to fresh multi-year lows in Asia Friday after OPEC said output had surged, exacerbating concerns over a supply glut that is expected...
Barca extend partnership with UNICEF to 2020
European champions Barcelona renewed a collaboration agreement with children's charity UNICEF on Thursday till 2020, which will see the Catalan giants donate two million...
Apple to show off new iPhones with T.V display
With its highly profitable iPhone due for an upgrade, Apple is expected to unveil a pair of new handsets at an event in San...
Saudi shares dive after deficit announcement
Saudi shares dived at the start of trading Tuesday a day after the oil-rich kingdom announced a record $98 billion deficit this year and...
Putin's ally absent as Russia considers joint action with OPEC
When Russian officials this week discussed the merits of jointly cutting oil output with OPEC to push up prices, one man -- President Vladimir...
Iraq passes bill to unlock funds for cash-strapped state
Iraqi lawmakers Wednesday passed a crucial bill allowing the country to finance a widening fiscal deficit amid an unprecedented economic crisis spurred by falling...
