Gold dives close to six-year low
Gold sank Wednesday close to the lowest level in nearly six years, as the dollar rallied on prospects for a December interest rate hike...
Royal Dutch Shell first quarter earnings down 58 percent
Oil company Royal Dutch Shell said first-quarter earnings plunged 58 percent as depressed crude prices create "hugely challenging times" for the energy industry.
The Anglo-Dutch...
Samsung Galaxy S7 may be launched this January
Samsung is reportedly moving up the launch of its next flagship smartphone, the Galaxy S7, to January in order to ramp up competition with Apple...
Oil above $50 for first time this year
Oil prices jumped Thursday above $50 for the first time this year as a long-lasting global supply glut shows increased signs of easing.
In a...
G20 ministers endorse crackdown on corporate tax avoidance
Finance ministers from the world's leading economies gave the green light Friday to a new plan to crack down on tax evasion by multi-national...
Kuwait economy shrinks on falling oil prices
Kuwait's economy contracted last year for the first time since 2010 as the Gulf state suffered the consequences of the global drop in oil...
U.S. stocks jump as investors ready for looming rate hike
U.S. stocks strengthened and long-dated Treasury prices cut losses on Wednesday after minutes from the most recent Federal Reserve policy meeting showed a core...
Oil weakness clouds outlook for Gulf corporate bonds
The dramatic decline in crude oil prices over the past year has left some corporate and infrastructure companies in the Gulf Cooperation Council (GCC)...
Crude prices up on Canada fires and Saudi oil minister replacement
Crude prices extended gains in Asia Monday as raging wildfires hit production in Canada, while traders digested news that Saudi Arabia had replaced its...
Libya outlines ambitious plans to restore oil output
Libya's National Oil Corporation has ambitious plans to restore output to pre-2011 levels after years of violence and disruption, officials said.
Oil output is now...
