Category Archives: Market

Ethiopian draft report blames Boeing for 737 MAX plane crash: sources

Washington, A draft interim report from Ethiopian crash investigators circulated to U.S. government agencies concludes the March 2019 crash of a Boeing Co (BA.N) 737 MAX was caused by the plane’s design, two people briefed on the matter said Friday.…

Roller-coaster week ends with bond yields, stocks sinking

New York, A dizzying, brutal week of trading dropped one last round of harrowing swings on investors Friday.

After skidding sharply through the day as fear pounded markets, steep drops for stocks and bond yields suddenly eased up in the …

Europe stocks down with selling fever, end at near seven-month lows

Berlin: The pan-European STOXX 600 closed 3.7% down to its weakest point since mid-August 2019, ending red for the third straight week after global coronavirus cases surpassed 100,000, with the economic damage deepening as more countries imposed restrictions to curb …

Tumbling bond yields, coronavirus halt dollar advance

Singapore, The dollar struggled to make headway on Thursday, as very low U.S. yields and the prospect of even more monetary easing held back gains, while virus fears supported the safe,haven yen.

Strong data showing U.S. services activity at a …

Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts

Singapore, Oil prices rose more than 1% on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market.

Prices …

Airlines rush to boost demand as coronavirus shreds playbook for crisis management

Chicago/Sydney, The rapid spread of coronavirus cases worldwide is complicating a standard strategy used by airlines when disease, disaster or conflict hit travel destinations: lower fares and redirect flights to trouble,free areas.

For now, some airlines have resorted to suspending …

South Korea’s February exports rebound on chips

Seoul, South Korea’s exports moved up 4.5 percent in February from a year earlier, marking the first rebound after falling for 14 consecutive months, data showed Sunday, led mostly by the robust performance of memory chips and extended working days.…

Bahrain exports products worth BD160 Million on January

Manama, The Information and eGovernment Authority (iGA) issued its foreign trade report of January 2020, encompassing data on the balance of trade, imports, exports (national origin), and re-exports.

The value of imports increased by 20%, reaching BD445 million during January …