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USA

Tumbling oil prices send markets into a spin

The Dow Jones was down by more than 2 % at the close of Wall Street on Wednesday along with poor showings on most indexes after a day in which the

Business Line

Oil price warnings and Tinder swipes right or left

When US investment bank Goldman Sachs said last year that oil could fall as low as US$20 per barrel, no one really took it seriously, rather as the

World News

Chinese markets plunge again causing more global shudders

The volatility in Chinese markets has continued. They were down sharply at the close on Monday, dragging Asian markets down with them. The Shanghai

China

China: trading rallies after volatile start to 2016

Following a volatile first week of the year, the Shanghai Composite closed two percent higher on Friday (January 8). Trading in China’s markets has

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Economy

European shares fell sharply but came off lows after China suspends its circuit breaker mechanism

European markets fell sharply on Thursday after China accelerated the depreciation of the yuan, but came off lows after the Shanghai and Shenzen

China

China stock trading suspended again as shares plunge

Trading on China’s stock markets was suspended for the day on Thursday, for the second time this week, as shares, again, nosedived more than 7

Economy

Seasonal gift to Spain and Germany's unemployment rates

A busy Christmas season has helped pushed Spain’s unemployment rate down further. It fell by 1.34 percent in December, leaving just over four million

Economy

Chinese economic data sends tremors across stock markets

“Violent New Year fireworks,” is how one analyst summed up events on Wall Street where the Dow fell 450 points having its worst opening day in 84

Business Series

After a volatile 2015, a look forward to 2016

On the season finale of Business Middle East we summarise a volatile year and discuss the 2016 forecast for global and MENA markets with Nour Eldeen

Germany

US Fed rate decision boosts confidence as markets rally

European shares surged in early trading on Thursday on news of the Fed’s decision. The European FTSEurofirst 300 index was up 1.8 percent by just

Economy

Markets positive ahead of US Fed's crucial interest rates decision

Markets have been positive in the run-up to the long-awaited interest rate decision by the US Federal Reserve. The US central bank is widely tipped

Economy

Inflation data boosts Federal Reserve rate rise expectations

The Federal Reserve’s two-day meeting to set interest rates that could see the first rise since before the financial crisis ends on Wednesday. An

Business Series

Fear spreads across markets ahead of Fed rate decision

In this week’s Business Middle East we take a look at global markets’ performance ahead of the US interest rate decision. With the countdown underway

Economy

Yahoo! shelves plans to spin off stake in Alibaba

Yahoo! says it has shelved plans to spin off its stake in Chinese e-commerce giant Alibaba, for tax reasons. Instead it intends to create a separate

Business Series

Reading Draghi's mind: markets await crucial ECB decisions

A crucial monetary policy meeting of the European Central Bank this week could have a profound effect on the markets and particularly on the value of

Economy

OPEC 'set to keep pumping oil' despite global glut

OPEC is determined to keep pumping oil despite the financial consequences on the policy’s main architect Saudi Arabia, according to Reuters. The news

Economy

Stocks fall as investors seek safety after Turkey downs Russian jet

European and world stock markets fell following the news that Turkey had shot down a Russian warplane near the Syrian border, as investors became

Economy

Russian and Turkish markets slump after jet shot down

Russian stock markets fell following the news that Turkey had shot down a Russian warplane near the Syrian border. The RTS index tumbled by as much

Business Series

'Abenomics' under scrutiny - Japan slumps back into recession

The Japanese economy shrank by 0.2 percent between July-September, Japanese government data showed last Monday. Several reports have suggested

Economy

Pfizer-Allergen merger is also world's largest 'tax inversion' deal

Pfizer’s 150 billion-euro acquisition of Allergan is the healthcare industry’s biggest ever takeover, creating the world’s largest drug maker. The