Markets Green Pool raises 2019/20 global sugar deficit forecast LONDON: Analyst Green Pool has raised its forecast for an anticipated global sugar deficit in the 2019/20 season to 3.67 Published 02 Aug, 2019 01:52pm
Markets Greece to auction 625mn euros of three-month T-bills on August 7 ATHENS: Greece will sell 625 million euros of three-month treasury bills on August 7 to refinance maturing debt, its deb Published 02 Aug, 2019 01:52pm
World Ferrari shares fall after it fails to upgrade guidance despite earnings rise MILAN: Shares in Ferrari went into reverse on Friday as the Italian luxury carmaker failed to lift its guidance for 2019 Published 02 Aug, 2019 01:51pm
World Fed's Rosengren sees no clear, compelling case for further rate cuts Boston Federal Reserve Bank President Eric Rosengren, one of two dissenting votes at the US central bank on its decision Published 02 Aug, 2019 01:51pm
Business & Finance Exxon Mobil profit sinks on weakness in natural gas, chemicals, refining HOUSTON: Exxon Mobil Corp reported a 21% drop in quarterly profit on Friday, hit by weaker natural gas prices, lower ref Published 02 Aug, 2019 01:50pm
World Europe's July heatwave 'extremely unlikely' without climate change - scientists BARCELONA: Global warming turbo-charged July's record-breaking heatwave in Europe by 1.5 to 3 degrees Celsius (2.7-5.4F) Published 02 Aug, 2019 01:50pm
World EU race for IMF chief down to three as Spain's Calvino quits BRUSSELS: European Union governments will try on Friday to choose a candidate to lead the International Monetary Fund fr Published 02 Aug, 2019 01:49pm
Markets Dollar LIBOR posts steepest one-day drop in a decade NEW YORK: The interest rate that banks charge each other to borrow dollars for three months posted its biggest daily fal Published 02 Aug, 2019 01:49pm
Business & Finance Deutsche Bank chairman buys nearly 1 million euros in bank shares FRANKFURT: Deutsche Bank Chairman Paul Achleitner on Friday bought nearly 1 million euros ($1.11 million) in the bank's Published 02 Aug, 2019 01:48pm
Markets Copper set for biggest weekly fall since November on trade war threat LONDON: Copper prices were set for their biggest weekly fall since November after President Donald Trump said the Un Published 02 Aug, 2019 01:48pm
World Cocaine worth 1bn euros seized in Germany's largest drugs haul BERLIN: German authorities on Friday said they had seized 4.5 tonnes of cocaine worth 1 billion euros ($1.11 billion) in Published 02 Aug, 2019 01:47pm
Business & Finance China central bank will maintain prudent monetary policy in H2 HONG KONG: China's central bank said on Friday it will maintain prudent monetary policy in the second half of this year Published 02 Aug, 2019 01:46pm
Business & Finance Chile central bank considered cutting key interest rate - minutes SANTIAGO: Chilean central bank policymakers considered cutting the benchmark interest rate at their most recent meeting, Published 02 Aug, 2019 01:45pm
Business & Finance Chevron profit rises 26.3pc on higher output Chevron Corp reported a 26.3% rise in quarterly profit on Friday, as higher production more than offset lower crude oil Published 02 Aug, 2019 01:45pm
World Canada posts C$136mn trade surplus in June Canada posted a trade surplus of C$136 million ($103 million) in June as both exports and imports declined on crude oil, Published 02 Aug, 2019 01:32pm
World BT ready for UK PM Johnson's fibre broadband challenge LONDON: BT is ready to play its part in achieving Prime Minister Boris Johnson's plan to roll out full-fibre broadband a Published 02 Aug, 2019 01:32pm
Markets Asian shares suffer a loss in July Asian shares declined in July, weighed down by uncertainties over the U.S-China trade war and tempering expectations of Published 02 Aug, 2019 01:31pm
World Trump to make EU trade announcement on Friday - White House WASHINGTON: US President Donald Trump will make a trade announcement about the European Union later on Friday, according Published 02 Aug, 2019 12:08pm
World Spanish data point to 2.3pc growth this year - minister MADRID: Latest Spanish economic data point to an expansion of 2.3% this year, acting economy minister Nadia Calvino said Published 02 Aug, 2019 12:07pm
Markets South Africa's 3-month T-bill average yield rises to 7.14pc JOHANNESBURG: South Africa sold 3.167 billion rand ($215.77 million) of three-month Treasury bills, more than the 2.4 bi Published 02 Aug, 2019 11:39am