Oil prices may reach $20, Saudi not willing to cut output
OPEC is determined to keep pumping oil vigorously despite the resulting financial strain even on the policy's chief architect, Saudi Arabia, alarming weaker members...
Asian shares slip, dollar close to 8-month peak
Asian shares struggled on Tuesday after a healthcare mega-merger failed to impress Wall Street, while the dollar took a breather from its run to...
Investors seek safety in bonds, yen after Turkey downs Russian jet
Investors sought safety in low-risk government debt on Tuesday after Turkish jets shot down a Russian warplane near the Syrian border, while European tourism-linked...
Kuwait awards record $30 bn on projects despite oil slide
Kuwait has awarded projects worth a record $30 billion so far this year despite the sharp fall in oil income, officials and experts said...
Bangladesh bans Facebook and chat apps for security reasons
Bangladesh authorities insisted Tuesday an almost week-long ban on Facebook and mobile messaging services would remain until security in the tense country improved.
The government...
Europe shares fall, Turkish assets hit after jet shot down
European shares followed Asian stocks lower on Monday while a slightly weaker dollar eased the pressure on beleaguered metals that held near multi-year lows.
Turkish...
German business confidence unfazed by Paris attacks
German business confidence bounced back in November as Europe's top economy shrugged off global uncertainty and the deadly assault in Paris, a leading economic...
Saudi and Russian delegates to hold business forum in Moscow
A high-profile business conference hosting Russian and Saudi delegates will begin this week in Moscow, Arab News reported on Tuesday.
The governor of the Saudi...
Oil prices up in Asia ahead of OPEC meeting
Oil prices climbed in Asia Tuesday before a meeting of the OPEC oil cartel and a report on US commercial crude inventories which will...
Dollar hits 8-month high on rate expectations, metals drop
The dollar rose to an eight-month high on Monday amid heightened expectations that the U.S. Federal Reserve would raise interest rates next month, driving...
