US stocks flat as Hurricane Irma approaches

Shares of banks, insurers and media companies were among the laggards Thursday as US stocks finished nearly flat as another massive hurricane approached the United States. Barely a week after Hurricane Harvey inundated Houston with a year’s worth of water in a few days, the dangerous Hurricane Irma was moving across the Caribbean and was expected More...

by khabrain | Published 1 year ago
By khabrain On Tuesday, September 5th, 2017

Eurozone inflation rises, unemployment at 8-year low

BRUSSELS: Eurozone inflation rose closer to the European Central Bank’s 2.0 percent target in August confirming a tentative economic recovery in Europe, official EU figures showed Thursday. The fresh data will More...

By khabrain On Monday, August 28th, 2017

Saudi Arabia may seek funding in Chinese yuan

JEDDAH: Saudi Arabia is willing to consider funding itself partly in Chinese yuan, a senior Saudi official said on Thursday, raising the possibility of closer financial ties between the two countries. The Saudi More...

By khabrain On Wednesday, August 16th, 2017

Italy still lagging in Euro economy despite best six years

ROME (AFP) – Italy posted Wednesday its best annual economic growth figures since 2011 with its gross domestic product outdoing official forecasts to grow 1.5 percent on an annual basis. Improved domestic More...

By khabrain On Monday, August 7th, 2017

China tells Trump not to link trade to North Korea

BEIJING: China said Monday the US should not link trade to discussions about North Korea’s nuclear programme, after President Donald Trump accused Beijing of failing to restrain Pyongyang despite profiting from More...

By khabrain On Tuesday, July 25th, 2017

Dollar edges off lows against euro, central banks eyed

NEW YORK: The U.S. dollar rose against the euro on Wednesday a day after touching a more than one-year low, but it hit a more than three-week low against the yen as traders awaited meetings of the European Central More...

By khabrain On Wednesday, July 19th, 2017

Dollar remains hobbled by Trump

LONDON (AFP) – The dollar s travails extended into Wednesday as Donald Trump faces a battle to push through his much-vaunted economic agenda, but equity traders took the news in their stride. The euro eased More...

By khabrain On Wednesday, July 12th, 2017

Things to know about ‘mysterious digital currency’ Bitcoin

TOKYO: Mark Karpeles, the former CEO of collapsed Bitcoin exchange MtGox, went on trial in Tokyo on charges stemming from the disappearance of hundreds of millions of dollars worth of the virtual currency from its More...

By khabrain On Thursday, July 6th, 2017

EU states have right to ban Uber: top lawyer

LUXEMBOURG (AFP) – EU member states can ban ride-hailing pioneer Uber without informing the European Commission because at heart it is an ordinary transport company under their jurisdiction, a top EU lawyer More...

By khabrain On Saturday, July 1st, 2017

Ex-Barclays CEO charged with fraud over Qatar funding

Britain’s Serious Fraud Office said on Tuesday it had charged Barclays bank and four former managers, including a chief executive, with “conspiracy to commit fraud” linked to emergency fundraising from Qatar More...