Media IN London, June 06, 2019, SPA London’s FTSE 100 share index rose on Thursday as investors bet central banks would take action this year to head off a global recession, although gains were capped by several heavyweight stocks trading ex-dividend. The FTSE 100 was up 0.6% and the mid-cap …
Read More »European shares rose on Thursday
Media IN London, June 06, 2019SPA The pan-European STOXX 600 index was up 0.3% by 0717 GMT, with the auto sector, down 0.48%, preventing stronger gains. Shares of Fiat Chrysler Automobiles MV slipped 1.6%, weighing on Milan’s bluechip index, after the Italian carmaker abandoned its $35 billion offer for Renault …
Read More »Global Shares Mixed on Tuesday
Median IN BANGKOK, June 05, 2019, SPA Germany’s DAX led the way, climbing nearly 0.9% to 11,893. Britain’s FTSE 100 rose 0.1% to 7,194 and the CAC 40 in France also picked up 0.1% to 5,247. Wall Street looked set to rise on the open, with the future contract for …
Read More »Russia’s oil output for May hits 11-month low.
Media IN MOSCOW 3rd-June-2019 The Energy Ministry data showed on Sunday that Russian oil output fell to 11.11 million barrels per day (bpd) in May, its the lowest level since June 2018, from 11.23 million bpd in April. The production fall resulted mainly from the closure due to oil contamination …
Read More »OPEC daily basket price announced for Friday
Media IN VIENNA, 3rd June, 2019 WAM The price of OPEC basket of fourteen crudes stood at US$64.15 a barrel on Friday, 31st May, compared with US$67.10 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …
Read More »Emirates head cautious on quick return to service for Boeing 737 MAX
Media IN SEOUL 2nd-06-2019: Mr Tim Clark who is also Emirates airline President said on Sunday that global regulators should act in a coordinated way to return the Boeing 737 MAX to service and warned it could take six months to get the grounded jet back into operation. The forecast …
Read More »Japan imported 21.564 mmb of crude from UAE in April
Median IN TOKYO, 1st June, 2019 WAM Japan imported from the United Arab Emirates 21.564 million barrels of crude oil in April 2019, data released by the Agency of Energy and Natural Resource in Tokyo showed. This accounts for 23.7 percent of Japan’s total crude imports, the agency that belong …
Read More »India remain top destination for UAE remittances due to Depreciation in Rupee’s value against Dirham.
Media IN Abu-Dhabi 31st-05-2019 UAE remittances grew 3% or Dh4.8 billion to Dh169.2 billion in 2018, as compared to Dh164.4 billion in the previous year with more residents remitting money through exchange houses than banking channels. The UAE Central Bank’s 2018 annual report released on Tuesday shows that the outward …
Read More »U.S. stocks finished slightly higher on Thursday.
Media IN New York, May 31, 2019, SPA The Dow Jones industrial average rose 43.47, or 0.2 percent, to 25,169.88. Twenty of the index’s 30 components advanced, led by McDonald’s and Coca-Cola, which gained 1.6 and 1.3 percent, respectively. Verizon Communications led decliners, plunging 2.3 percent. The broader Standard & …
Read More »OPEC daily basket price announced for Thursday
Media IN VIENNA, 31st May, 2019 WAM The price of OPEC basket of fourteen crudes stood at US$67.10 a barrel on Thursday, compared with US$67.75 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light and heavy …
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