Asian stocks falter as Fed makes case for possible Dec rate rise
Asian stocks broke a two-day rising streak on Thursday after top U.S. Federal Reserve officials kept the door open to a December interest rate...
Emirates airline's H1 profit surges 65% to $849 mn
Dubai's Emirates airline said Thursday its net profit surged 65 percent in the first half of the financial year to $849 million (781 million...
US stocks fall, yields up after Fed boosts rate hike expectations
Wall Street stocks ended down on Wednesday as energy stocks turned lower on a drop in oil prices and two Federal Reserve officials said...
Saudi Arabia: fossil fuels are still needed
Leading crude exporter Saudi Arabia supports efforts to limit global warming but believes fossil fuels should remain part of the world energy mix, Oil...
Kuwait oil row as minister tries to shuffle top executives
The chief of state-owned Kuwait Petroleum Corp has refused to carry out the oil minister's decision to swap the CEOs of two subsidiaries, risking...
ABN Amro fined for lax money laundering measures in Dubai
Dutch bank ABN Amro has been fined more than 1 million euros for "serious shortcomings" in procedures to prevent money laundering at its private...
Oil prices down in Asia on US data and supply concerns
Oil prices were down in Asia Wednesday as investors weighed US petroleum industry data showing a build-up in crude stockpiles and news that shipments...
Lebanon's central bank says political deadlock hurting economy
It is essential that Lebanon's parliament meets soon to pass laws for development loans, debt issuance and banks, the central bank governor said on...
EXIM backers vow to defeat U.S. House amendments to gut trade bank
Export-Import Bank said on Tuesday they can defeat a barrage of proposed amendments aimed at gutting the trade lender's ability to aid large companies...
Oil prices rebound after slump
Oil prices rebounded slightly on Tuesday despite lingering market concerns regarding oversupplies.
US benchmark West Texas Intermediate for delivery in December rose 37 cents to...
