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The European Union pledges to speed up the pace of global trade deals
The European Union's trade commissioner pledged to accelerate efforts to bolster the bloc's network of trade deals, as Brussels responds to members' calls to strengthen global supply chains and deepen links with key allies.
Today, Sunday,…
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US crude records its third consecutive weekly loss
US crude oil recorded its third consecutive weekly loss after a huge increase in gasoline stocks led to concerns that higher prices are destroying Americans' demand for fuel. West Texas Intermediate crude, trading in New York, ended…
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China vows to protect digital yuan user data
The head of the digital currency unit at the Chinese central bank said that his country will protect data related to the use of the digital yuan, as the country moves forward with electronic currency tests.
Only a limited amount of…
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Gold up; Wheat down by 6 percent; Copper rises
Gold hit its first weekly gain in six on Friday as a pullback in US Treasury yields and the dollar’s decline bolstered non-yielding bullion’s safe-haven appeal as economic risks persisted.
Spot gold rose and is currently priced at…
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US crude below $95; Libya to increase oil production; Drillers add more oil and gas rigs; EU…
US crude prices settled below $95 a barrel for the first time since April in choppy trading on Friday after the EU said it would allow Russian state-owned companies to ship oil to third countries under an adjustment of sanctions agreed by…
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Twitter posts $270 million loss, revenue down 1%
Twitter Inc incurred losses estimated at $270 million, and Twitter Inc.'s revenue declined by 1% on an annual basis in the second quarter of this year to $1.18 billion, compared to $1.19 billion recorded in the corresponding quarter last…
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Dubai issues ‘Musataha’ land decree to spur real estate investment
Dubai has issued a new law to spur real estate investment through public-private partnerships.
Sheikh Mohammed bin Rashid Al-Maktoum, vice president and prime minister of the UAE, issued the decree that regulates “Musataha” rights on…
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Fertilizer cargo from Russia heads to US as many worry about food shortages
A tanker carrying a liquid fertilizer product from Russia is about to arrive in the US, sources and vessel tracking data showed in recent days, at a time of widespread worry that sky-high global fertilizer prices could lead to food…
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Oil prices rise as tight supply, geopolitical tensions linger
Oil prices climbed in Asia trading on Friday, rebounding from previous declines amid supply tightness and geopolitical tensions, even though weakened demand in the US has cast a shadow on the market this week, according to Reuters.
Brent…
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FOREX-Dollar loses steam, euro on front foot as ECB meeting looms
The US dollar retreated further on Wednesday as the euro extended its overnight bounce on relief Europe might avoid the worst fears concerning energy shortages, and on the chance the European Central Bank may deliver a more aggressive rate…
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