Explorers, De Niro denounce Trump on climate change
Author: AFPTue, 2017-03-28 03:00ID: 1490645178660849900NEW YORK: Top British explorer Ranulph Fiennes and Solar Impulse pilot Bertrand Piccard are expressing fears about US President Donald Trump’s moves to roll back environmental protections.Their criticism was backed by actor Robert De Niro, who joined them late Saturday at the 113th dinner of The Explorers Club in New York, held every […]
Amazon expands global reach with Souq.com buy
Author: Agence France PresseTue, 2017-03-28 (All day)ID: 1490695167495936900 DUBAI: Tech giant Amazon expanded its global reach Tuesday with the announcement of a deal to buy Souq.com, the Middle East’s largest online retailer. The agreement, the financial details of which were not disclosed, brings Amazon into a fast-growing market as it continues to invest in its core retail […]
Saudi Arabia’s parallel market to help boost SMEs’ growth: Report
Author: Arab NewsTue, 2017-03-28 03:00ID: 1490645436750902200JEDDAH: Saudi Arabia’s parallel market Nomu is likely to help boost the growth of small and medium enterprises (SMEs), said a report issued by Jadwa Investment on Monday.According to the Small and Medium Enterprise Authority (SMEA), bringing the Kingdom’s SMEs contribution in line with global peers could add a further SR1.1 trillion […]
Oil slips toward $50 on doubts over output-cut extension
Author: ReutersTue, 2017-03-28 03:00ID: 1490645436700901300LONDON: Oil fell further toward $50 a barrel on Monday, pressured by uncertainty over whether or not the Organization of the Petroleum Exporting Countries (OPEC) will extend a pact to limit crude production beyond June. A committee of ministers from OPEC and outside producers agreed on Sunday to look at prolonging the deal, […]
Qatar to invest $6.3bn in UK in 3-5 years
Author: ReutersTue, 2017-03-28 03:00ID: 1490645436720901600LONDON: Qatar will invest £5 billion ($6.3 billion) in Britain over the next few years, the country’s minister of finance said during a visit to London on Monday.Earlier, the head of the Gulf Arab state’s sovereign wealth fund said he still saw opportunities to invest in Britain after it leaves the EU.“Qatar will […]
Libya’s NOC warns of attempt at independent crude sales
Author: ReutersTue, 2017-03-28 03:00ID: 1490645436910902500TUNIS: Libya’s National Oil Corporation (NOC) said on Sunday that it had identified “illegal” efforts to sell crude oil without its approval and warned potential buyers not to enter into such contracts.Factions based in eastern Libya have previously tried to sell oil independently of NOC in Tripoli, but their moves have been frustrated […]
Hedge funds unwind record bullish position in oil
Author: John KempTue, 2017-03-28 03:00ID: 1490645436730901900LONDON: Hedge funds have unwound much of the concentration of bullish positions that contributed to a fall in oil prices this month, suggesting a broader range of views about where prices go next.Hedge funds and other money managers now hold a combined net long position in Brent and West Texas Intermediate (WTI) […]
Gold prices hit 1-month high
Author: ReutersTue, 2017-03-28 03:00ID: 1490645178460847600LONDON: Gold rallied more than 1 percent on Monday after US President Donald Trump’s failure to push through a health care reform package on Friday raised questions about his ability to deliver promised tax cuts and spending plans. That knocked the dollar to a four-month low versus a currency basket and drove a […]
Japan’s manufacturers brace for US import tax
Author: ReutersTue, 2017-03-28 03:00ID: 1490645178470847900TOKYO: Japanese manufacturers are wary of a possible US border tax, with just over half expecting profits to take a hit if the US slaps a 20 percent levy on imports, a Reuters poll showed on Monday. In response, they are thinking of cutting costs, increasing production and procurement in the US and […]
EU clears Dow-DuPont chemicals mega-merger
Author: Agence France PresseMon, 2017-03-27 (All day)ID: 1490635411489969400 BRUSSELS: The EU on Monday approved a $130 billion mega-merger of US agro-chemicals giants Dow Chemical and DuPont, paving the way for major consolidation in a sensitive sector for farmers and the environment. The decision by antitrust regulators was subject to Dupont selling “major parts” of its global pesticides […]
