Kuwait’s GDP tumbles 1.2 per cent in second quarter
On Sunday, the Kuwaiti government data had revealed that the small but petroleum-based wealthy economy of Kuwait was tottered by 1.2 per cent on a quarterly basis over the second quarter
Article List
Crude oil sinks 2 per cent on supply glut fear, trade talk concerns
On Tuesday, the 19th of November 2019, both US and UK crude had curbed earlier gains meaded by upbeat comments from two of the top US officials over reaching an interim Sino-US trade deal
South Africa’s TelKom SA in talks of possible Cell C acquisition
On Friday, the 15th of November 2019, Pretoria-based South Africa’s 39 per cent state-owned, Telkom SA had issued a statement saying that the largest telco gear company in Africa had been in an advanced stage to acquire Cell C
Equities, dollar dip on offbeat earnings’, impeachment inquiry
On Tuesday, the 19th of November 2019, a gauge of global stock indices faltered, while shares in Europe failed to extend gains and Wall St. had retreated from its record closing highs
Nissan recalls nearly 400,000 vehicles over glitchy braking system
Japan’s grief-sickened carmaker, Nissan Motor Co. Ltd. had issued a statement on Sunday, the 17th of November 2019, saying that the Yokohama-based Japanese automotive industry giant was recalling 394,025 vehicles in the United States
Oklahoma judge reduces J&J opioid pay off to $465 million
Late on Friday, the 15th of October 2019, an Oklahoma judge had reduced Johnson & Johnson’s pay off in punitive measures for fuelling up an opioid epidemic by exercising deceptive marketing practice
Euro zone Inflation winding away from target, falls further to 0.7 per cent
On Friday, the 15th of November 2019, Eurostat Statistics Office had confirmed an earlier estimate that the euro zone consumer price rose by only 0.7 per cent last month, down from a figure of 0.8 per cent a month earlier
Vivendi ready to reduce stake in Mediaset for an undisclosed agreement
Vivendi, the Paris-based French mass media conglomerate, could cut its stake in Mediaset SpA, the largest commercial broadcaster in Italy, as a part of a possible deal terms of which remained undisclosed
OPEC+ to face off hardnosed competition in 2020, says IEA
Late on Friday, the 15th of November 2019, the Paris-based IEA, had said in its monthly report that the OPEC alongside its allies led by Russia, would be met with fierce competition in 2020
Trump has already admitted to bribery, says US House Speaker Nancy Pelosi
Later this week, US House Speaker, Nancy Pelosi, said in a press conference that the US President Donald Trump had already confessed his corruption on Ukrainian scandal
Venezuela doubles up euro supplies to country’s banks as US sanction stings
Banco Central de Venezuela, the Venezuelan Central Bank, had doubled up the amount of cash it was injecting into the nation’s lenders in euros
Wall St. inches up as investors bank profit amid taunted trade outlook
On Monday, the 18th of November 2019, all three key indexes of Wall St. had winded down the day with marginal gains after extending their record closing highs further in the midday US trading hours
China, US had ‘constructive’ phone calls on trade, says Xinhua
On Sunday, the 17th of November 2019, China’s pro-CCP backed state-owned news agency, Xinhua had revealed in a report that leading negotiators from the United States and China had held “constructive talks”
South African Airways, unions meet for talks to end a crippling strike
On Saturday, the 16th of November 2019, the South African Airways alongside its workers’ union met for a talk to resolve their deep differences
Sterling holds below $1.30 as Conservatives lead in opinion polls
On Monday, the 18th of November 2019, the British Currency, which had been in the lone indicator up until now to a Brexit sentiment, had rounded off the day with a decent gain of 0.37 per cent to $1.2951
Dollar falls against euro, pound as risk-appetite returns on cheery outlook
On Friday, the 15th of November 2019, the American Dollar Index (DXY) fell against a basket of six major currencies on an average following cautious optimism from two of the top officials of Trump Administration
European shares end flat as auto slide offsets defensives’ gains
On Monday, the 18th of November 2019, a majority of European stock exchange remained dithered throughout the day, as investors’ cautions seemed to have skied up
Labour’s Corbyn to exclude NHS, medicines from trade deal with US
On Saturday, the 16th of November 2019, the UK opposition leader Jeremy Corbyn of Labour Party told that the party would exclude the United Kingdom’s medicines alongside National Health Service from US trade deals
Aramco IPO range set to value Saudi oil giant up to $1.7 trillion
On Sunday, Saudi’s state-owned Aramco, had set its price range for a planned Initial Public Offering (IPO) in the domestic stock exchange, according to which the Saudi oil giant could be worth up to $1.7 trillion
Citigroup names long-time-veteran Manuel Romo CEO of Mexican wing
On Friday, the 15th of November 2019, the NY-based American multinational investment banking company, Citigroup’s Mexican wing had appointed Manuel Romo as Chief Executive Officer
Bristol-Myer wins anti-trust approval to buy Celgene, must divest Otezla
Late on Friday, the US FTC had issued a statement saying that Bristol Myer Squibb and Celgene Corp. had received a go-ahead signal over their planned merger attempt
Global debt-pile to top record $255 trillion by year-end, says IIF
On Friday, the IIF had released a research report according to which the global debt-pile was well-poised to wind down 2019 with a record high of more than $255 trillion
Turkey says bought Russ S-400 to use, not to shelve; US sanction looms
On Saturday, Chair of the Turkish Defence Industry Directorate, said that Turkey had purchased Russian S-400 missile defence system, which could jeopardize NATO’s F-35, to utilize them
Vietnam’s coal, crude oil import soar as it benefits from Sino-US trade war
Vietnamese government data released earlier this week had depicted an upbeat portrait of the Southeast nation’s fast-growing economy
Industry-grade metals suffer weekly losses as demand outlook weakens
On Friday, the 15th of November 2019, copper alongside other industrial metals had wrapped up the day with a robust gain, but posted weekly declines between 3% to 7%
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