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Home / Business / Market

Market

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Trump slams OPEC, says will not accept high oil prices

WASHINGTON: U.S. President Donald Trump on Friday criticized OPEC for rising oil prices that he said were being artificially raised and would not be accepted, …

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Oil climbs on Saudi price ambitions and U.S. stocks draw

LONDON: Oil prices kept rising to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told …

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Nestle, Unilever forego price increases to move product

ZURICH/LONDON: First-quarter sales growth at Nestle and Unilever was driven almost entirely by shifting more goods, in a stark illustration of how hard it is …

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Europe stocks rise on upbeat global mood as weak pound lifts London

LONDON: Europe’s major stock markets rose Wednesday after solid gains elsewhere, with London buoyed by the weak pound as UK inflation dived to a one-year …

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Oil breaks above $72 as supply concerns build

LONDON: Oil prices extended gains on Wednesday, lifted by a reported decline in U.S. crude inventories and the risk of supply disruptions. Brent crude oil …

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China to open auto market as trade tensions simmer

BEIJING/SHANGHAI: China is scrapping a limit on foreign ownership of automotive ventures, representing a major shift from policy in place for more than two …

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U.S. strike on China’s ZTE another blow for Qualcomm

SHANGHAI/BEIJING: A move by the United States to ban American firms selling components to the Chinese telecom equipment maker ZTE Corp will also hit a target …

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Asia stocks edge up on steady China GDP, earnings in focus

TOKYO: Asia stocks rose modestly on Tuesday following data showing China’s economy grew a little faster than expected in the first quarter. The dollar was …

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US stocks rise on retail sales, relief over Syria

NEW YORK: Wall Street stocks rose early Monday on better-than-expected US retail sales and relief that conflict over Syria has not escalated. Retail spending …

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Oil prices drop as fears about Syria strikes fallout wane

LONDON: Oil fell nearly 2 percent on Monday after U.S. drilling activity rose and fears waned about escalating tensions in the Middle East following air …

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