Oil prices mixed in Asia ahead of US inventories report
Oil prices were mixed in Asia Tuesday as investors waited for data on US crude stockpiles expected to further underscore a global supply glut.
Prices...
Bahrain and Oman cut gas subsidies as oil hits 12-year low
Bahrain and Oman have reduced state subsidies on gasoline as the global oil price dips to its lowest since 2003.
On Tuesday, gas prices at...
Saudi unit of auditor Deloitte penalized by market regulator
Saudi Arabia's Capital Market Authority has suspended the local unit of New York-based auditing giant Deloitte from offering its auditing services to the kingdom's...
Saudi and UAE shares rise on interest rate hike
Markets in Saudi Arabia and the United Arab Emirates rallied Thursday after their countries followed the US Federal Reserve by hiking interest rates, but...
Low oil price sends Lufthansa profits soaring
German airline Lufthansa said Thursday that low oil prices and booming passenger business sent profits soaring in 2015, a year marred by the Germanwings...
Lebanon currency in free-fall amid political impasse
BEIRUT (AP) — Lebanon's currency continued its downward spiral Wednesday, reaching a new low before the dollar and raising such alarm that it prompted...
Sterling slides to 31-year low after Brexit
Sterling fell to a 31-year low against the dollar on Monday as a sell-off stemming from Britain's decision to quit the European Union gathered...
A reduction in automobile fuel subsidies amid economic crisis in Syria
In the latest government measure to tackle a deepening economic crisis, Syria's oil and mineral resources ministry announced Saturday a reduction in automobile fuel...
Oil prices rise despite U.S. inventory increase
Reversing intraday losses, oil prices settled higher Wednesday despite a government report that showed U.S. commercial crude oil inventories rose a higher-than-expected 4.67 million barrels last week.
The turnaround...
WageSpot phone app pulls back curtain on employee pay
A WageSpot smartphone application released in the United States on Tuesday dove into a historically taboo topic -- how much people get paid.
The app...
