News / Blog
As Bloomberg reports, Schlumberger Ltd (SLB), the world’s largest oilfield services company, will pay $1.7 billion for a stake in Russia’s biggest driller, Eurasia Drilling Co. (EDCL...
On Tuesday copper prices fell steeply, after data showed that China's economy grew at the slowest pace in 24 years last year...
On Tuesday oil markets descended, as China's economic growth for 2014 undershot a government goal and touched its weakest annual expansion in 24 years, contributing to worries in energy markets already suffering from slowing demand and oversupply...
On Tuesday the Japanese currency held weaker in Asia after China reported better-than-expected figures on GDP, industrial output and retail sales. The safe haven yen remained underpinned on Monday as last week’s market volatility meant that investors remained risk adverse...
Petrol prices in Melbourne, the second largest city in Australia, have fallen to a six-year low, according to ABC. Several outlets reportedly sell unleaded fuel for less than a dollar a litre...
On Monday the greenback was almost unchanged against the loonie, trading close to more than five-year highs as trading volumes were expected to remain thin with U.S. markets closed for a national holiday...
“Saudi Arabia can sustain these low oil prices for at least eight years. First, we have huge financial reserves of about 3tn Saudi riyals (£527bn...
Oxfam research, published this Monday, has shown that the share of the world’s wealth owned by the best-off 1% has increased from 44% in 2009 to 48% in 2014, while the least well-off 80% currently own just 5.5...
Dubai Islamic Bank announced the pricing of a $1 billion Tier One capital-eligible issuance with a perpetual (non-call six) maturity, CPI Financial reported. The issuance carries a profit rate of 6.75 per cent and mirrors the solid demand and confidence investors have in the institution...
A regulatory crackdown on high-risk margin trading led to the biggest rout in Chinese equities since 2008. This, in turn, sent emerging-market stocks lower on Monday...