Archive of 15 May 2018

Russian opposition leader Navalny jailed for 30 days over protest

MOSCOW: A Moscow court on Tuesday sentenced Russian opposition leader Alexei Navalny to 30 days in prison for his role in organising a protest against

Dollar hits 2018 peak, supported by yields, retail sales data

NEW YORK: The US dollar rallied against a basket of major currencies on Tuesday to its highest since December, helped by a rise in US...

NY cocoa falls sharply, raw sugar rises

LONDON: New York cocoa futures slid to a one-month low on Tuesday amid growing signs that this year's strong advance in prices may have finally...

EU Commission plans preferential treatment for new bond-backed securities

BRUSSELS: The European Commission plans to give preferential treatment to a new class of state bond-backed securities to encourage use of the instrument, which is...

Nigeria gives more oil purchase deals to local firms as vote looms

LONDON: State oil firm NNPC has awarded 50 companies with contracts to buy Nigerian crude and more than half of them are local firms, foreign...

Sterling tumbles to 2018 low after dollar surge

LONDON: Sterling fell sharply against the dollar on Tuesday to its lowest since December after a rise in US Treasury yields helped the greenback resume...

TSX edges lower as NAFTA deal hopes ebb, gold prices drop

TORONTO: Canada's main stock index edged lower on Tuesday as chances of a NAFTA deal this week faded and shares of gold miners dropped with...

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