World

Media IN GUANGZHOU, China, 21st May, 2019 WAM Borouge has announced that it will significantly increase production of pre-compounded black polyethylene for pressure pipe applications by investing in a production unit which is expected to be completed within 2020. This latest announcement comes shortly after Borouge confirmed the next expansion …

Media IN VIENNA, 21st May, 2019 WAM The price of OPEC basket of fourteen crudes stood at US$72.47 a barrel on Monday, 20th May, compared with $72.57 the previous Friday, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …

Media IN  BEIJING 21-05-2019 (AP) Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower. Benchmarks in Shanghai and Seoul advanced, while Tokyo, Hong Kong and Sydney declined. The Shanghai Composite Index gained 0.3% to 2,880.71 while Tokyo’s Nikkei …

Media IN Seoul, May 20, 2019, SPA In Australia, the S&P ASX 200 rose 1.7% to 6,476.10, Indian benchmark Sensex added 2.7% to 38,950.96, Japan’s Nikkei 225 index edged up 0.2% to 21,301.73, Shanghai Composite index lost 0.5% to 2,867.72 while Hong Kong’s Hang Seng index slipped 0.6% to 27,768.26. …

Media IN Tokyo, May 20, 2019 Japan’s economy grew at an annualized pace of 2.1 percent in the January-March period, the second straight quarter of expansion, despite sluggish personal consumption and exports, the government said on Monday GDP is the total value of goods and services produced domestically. Gross Domestic …

Media IN Abu-Dhabi 18-05-2019 U.S.  stocks fell for the first time in four days, with technology shares bearing the burden of the selling in a market flustered by a bombardment of trade -related  headlines. The dollar rose. The S&P 500 declined a second week for the first time this year …

Media iN / Moscow 18-05-2019 / WAM The exchange rate of the US dollar against the Russian ruble in trading on the Moscow Stock Exchange today. The dollar rose by 7 kopek to 64.63 rubles while the euro fell 12 kopec to 72.25 rubles.

Media IN Abu-Dhabi 18-05-2019:   Source OPEC/IEA Organisation of Petroleum Exporting Countries (OPEC) and its partners are once again cutting production as promised in their effort to steady the market. In April both sides of the so called OPEC plus alliance complied with their supply pact for the first 16 …

Media IN Abu-Dhabi The Chinese offshore yuan, which trades outside the mainland, dropped to as low as $6.9400 on Friday, its weakest level since November. This was amid escalated trade tensions between Washington and Beijing, after the Trump administration added Huawei Technologies to a trade blacklist. Meanwhile, the onshore yuan …

Media IN Abu-Dhabi 18-05-2019 The Dow Jones retreated 99 points or 0.4%.   The S&P 500 lost 17 points or 0.6%.  The Nasdaq fell 82 points or 1.0%. Historically, the Dow Jones Industrial Average reached an all time high of 26828.39 in October of 2018 and a record low of 41.20 …