Markets Sterling bounces back above $1.22 after four days of falls LONDON: Sterling bounced back above $1.22 on Wednesday, enjoying a respite after four days of falls that took it to Published 31 Jul, 2019 08:34pm
World UK PM Johnson holds Belfast talks on Brexit backstop riddle BELFAST: Britain's new Prime Minister Boris Johnson held talks with allies in Northern Ireland on Wednesday in a bid Published 31 Jul, 2019 08:33pm
Business & Finance Spain's BBVA to boost compliance controls after alleged spying case MADRID: The chief executive of Spain's BBVA said on Wednesday the bank was reinforcing internal compliance controls Published 31 Jul, 2019 08:30pm
Business & Finance Georgia central bank to sell dollars, may tighten policy as lari hits record low TBILISI: Georgia's central bank said on Wednesday it will sell $40 million on the market on Thursday and may tighten Published 31 Jul, 2019 08:29pm
Markets South Africa's rand steadies as markets await Fed verdict JOHANNESBURG: South Africa's rand steadied against the dollar in late trade on Wednesday, as investors awaited a lik Published 31 Jul, 2019 08:27pm
Markets 10-year Bund yield hits record low on weak data, month-end dash LONDON: German bond yields slid to all-time lows in a thinly traded market on Wednesday as slowing euro zone growth Published 31 Jul, 2019 08:26pm
World Latin America set for feeble growth of 0.5% in 2019: UN SANTIAGO: Hit by five years of "economic slowdown," Latin America's economy will grow by barely 0.5 percent this yea Updated 31 Jul, 2019 08:53pm
Business & Finance Deutsche Bank's Cottrell to oversee securitized products trading Deutsche Bank's Sebastien Cottrell has assumed responsibility for securitized products trading globally following th Published 31 Jul, 2019 08:23pm
Business & Finance Brazil central bank seen cutting interest rates to fresh low BRASILIA: Brazil's central bank is widely expected to cut its benchmark interest rate to a record low on Wednesday, Published 31 Jul, 2019 08:21pm
Business & Finance BoE's Carney warns of bankruptcy for firms that ignore climate change LONDON: Businesses that fail to adapt to climate change will go bust, Bank of England Governor Mark Carney said on W Published 31 Jul, 2019 08:19pm
Markets EU wheat weakens on harvest progress, export concerns LONDON: European Union wheat futures fell on Wednesday as low prices paid by Algeria at its latest tender highlighte Published 31 Jul, 2019 08:16pm
Business & Finance Sberbank bets on digital and retail as corporate lending slows MOSCOW: Sberbank has revised down its corporate lending growth forecast for this year after reporting a jump in seco Published 31 Jul, 2019 08:14pm
Business & Finance GE lifts forecast but warns Boeing grounding may cost $1.4bn General Electric Co raised its 2019 forecast on Wednesday, but disclosed more than $1 billion in potential costs fro Published 31 Jul, 2019 08:12pm
Business & Finance Freddie net income falls, to pay US $1.8bn in dividends NEW YORK: Freddie Mac's net income fell in the second quarter from a year-ago due to derivative losses, while it wil Published 31 Jul, 2019 08:11pm
Business & Finance US Senate panel backs Nord Stream 2 pipeline sanctions bill WASHINGTON: A US Senate committee passed a bill on Wednesday to slap sanctions on companies and individuals involved Published 31 Jul, 2019 08:10pm
Markets Oil rises as US crude stocks fall, market awaits US Fed rate cut NEW YORK: Oil prices rose for a fifth day on Wednesday, supported by a larger-than-expected drop in US inventories a Published 31 Jul, 2019 08:08pm
World US, China to keep talking on trade, progress elusive in Shanghai meeting SHANGHAI/WASHINGTON: US and Chinese negotiators wrapped up a round of trade talks on Wednesday without visible signs Published 31 Jul, 2019 08:05pm
Markets Italy's Cdp successfully completed first Panda bond issue MILAN: Italian state lender Cassa depositi e Prestiti has successfully completed its first yuan denominated bond iss Published 31 Jul, 2019 08:03pm
Markets Nordstrom family prepares proposal for major stake in retailer: WSJ Shares of Nordstrom Inc rose 7% on Wednesday after the Wall Street Journal reported that members of the retailer's f Published 31 Jul, 2019 08:01pm
Markets Arabica coffee prices inch up after setting six-week low NEW YORK/LONDON: Arabica coffee futures on ICE settled higher on Wednesday, rebounding off a six-week low, while New Published 31 Jul, 2019 08:00pm