Markets Sterling sinks below $1.21 after dollar jump, BoE cut to growth forecasts LONDON: Sterling sank to a 30-month low on Thursday below $1.21, pressured by a stronger dollar, renewed worries about a Published 01 Aug, 2019 01:17pm
Business & Finance Bank of England cuts growth forecasts as Brexit and global worries mount LONDON: The Bank of England cut its growth forecasts on Thursday in the face of increased Brexit worries and a slowing g Published 01 Aug, 2019 01:14pm
Markets Iraq oil exports reach 3.566mn bpd in July: oil ministry BAGHDAD: Iraqi oil exports rose to 3.566 million barrels per day (bpd) in July from 3.52 million bpd the previous month, Published 01 Aug, 2019 01:13pm
Business & Finance Verizon beats profit estimates as monthly phone subscribers jump Verizon Communications Inc on Thursday beat second-quarter profit estimates as the largest US mobile carrier added far m Published 01 Aug, 2019 01:11pm
Business & Finance India's Bharti Airtel reports worse than expected June-qtr loss BENGALURU: Indian telecom operator Bharti Airtel Ltd reported a worse-than-expected quarterly loss on Thursday, as the c Published 01 Aug, 2019 01:09pm
World US Commerce Secretary Ross lays out plan for Venezuela reconstruction BRASILIA: US Commerce Secretary Wilbur Ross said on Thursday the United States is ready to support pro-market reforms an Published 01 Aug, 2019 01:07pm
Markets Corn rebounds from 7-week low, but weather outlook caps gains SYDNEY/PARIS: US corn futures edged higher on Thursday, rebounding from a seven-week low touched in the previous session Published 01 Aug, 2019 01:05pm
Markets Arabica coffee hits six-week low, raw sugar also weakens LONDON: Arabica coffee futures on ICE fell to a six-week low on Thursday as a stronger dollar and bearish technical infl Published 01 Aug, 2019 01:04pm
Business & Finance Nippon Steel sees 56pc dip in yearly profit on surging iron ore prices TOKYO: Japan's top steelmaker Nippon Steel Corp on Thursday forecast a 56% drop in business profit in the year through M Published 01 Aug, 2019 01:02pm
Business & Finance GM posts flat profit, handily beats analyst expectations DETROIT: General Motors Co on Thursday posted a flat quarterly net profit that handily beat market expectations, helped Published 01 Aug, 2019 01:01pm
Markets Iran's crude exports are down, but estimates of how much vary wildly: Russell LAUNCESTON: Iran's crude oil exports last month were either less than two supertankers' worth, or as much as one of the Published 01 Aug, 2019 01:00pm
Business & Finance Turkish central bank net international reserves at $32.29bn as of July 26 ISTANBUL: The Turkish central bank's net international reserves stood at 184.021 billion lira ($32.29 billion) as of Jul Published 01 Aug, 2019 12:58pm
Markets Sri Lanka shares end near 1-week low on selling in banks; rupee weaker COLOMBO: Sri Lankan shares fell for a third straight session on Thursday to near one-week low, dragged down by banking a Published 01 Aug, 2019 12:57pm
Markets Oil drops below $65 on Fed outlook, ample supply LONDON: Oil dropped below $65 a barrel on Thursday, declining for the first time in six days, after the US Federal Reser Published 01 Aug, 2019 12:55pm
Markets Asia Rice-Vietnam prices dip on fears Philippines could curb imports BENGALURU: Export prices for Vietnamese rice fell this week on fears major buyer Philippines could curb imports, while a Published 01 Aug, 2019 12:53pm
Sports Warner out early as England pacemen make inroads at Edgbaston BIRMINGHAM: England's pacemen made early inroads to remove Australia's top three and restrict the tourists to 83-3 in th Published 01 Aug, 2019 12:51pm
Business & Finance Brazil airline Gol reports narrower quarterly loss, announces share buybacks SAO PAULO: Brazil's largest airline, Gol Linhas Aereas Inteligentes, on Thursday announced it would buy back some of its Published 01 Aug, 2019 12:49pm
Business & Finance Nigeria central bank intervening to prop up naira, trader says LAGOS: The Nigerian central bank has been intervening in the currency market over the past two weeks to keep the naira s Published 01 Aug, 2019 12:46pm
Markets Aluminium hits one-month low on global demand worries LONDON: Aluminium prices hit their lowest in about a month on Thursday on fears of weak consumption after the world's bi Published 01 Aug, 2019 12:45pm
Business & Finance Czech central bank statement following policy meeting on Aug 1 PRAGUE: The following is the Czech central bank (CNB) board's statement following its monetary policy meeting on Thursda Published 01 Aug, 2019 12:43pm