by Asharq Al-Awsat English | Sep 5, 2017 | Business
The euro extended gains on Tuesday on growing expectations that any concerns the European Central Bank flags about its strengthening at a meeting this week will have a limited impact. “Any attempt to jawbone the currency lower by the ECB will be limited in its impact...
by Asharq Al-Awsat | Aug 20, 2017 | Business
London- Royal Dutch Shell has lifted a cargo of 600,000 barrels of crude oil from Libya’s Zueitina port, its first from the war-torn north African country in 5 years, two industry sources told Reuters on Saturday. “Libya is a significant resource holder...
by Asharq Al-Awsat | Aug 15, 2017 | Business
London- The Swiss franc posted its biggest daily drop against the U.S. dollar in nearly three weeks on Monday as investor concern over geopolitical risks eased and Japan posted solid economic data. The franc fell 0.8 percent against the US dollar to 0.9694 francs, its...
by Asharq Al-Awsat | Aug 13, 2017 | Business
New York- The dollar dropped against a basket of currencies after US consumer prices rose less than expected in July. This points to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year. The Labor Department said...
by Asharq Al-Awsat English | Jan 31, 2017 | Business
Oil rates witnessed an increase of some 2 percent on Tuesday after news OPEC oil production has fallen sharply this month and the dollar sank. “This is very high, a good number,” an OPEC source said of the January compliance estimate. The dollar was down...
