Archive of 4 December 2018
Stocks retreat as trade truce doubts return
Dec 04, 2018LONDON: Deflating hopes of a swift resolution to the Sino-U.S. trade war knocked world stocks off a three-week high on Tuesday, while recession warning lights...
Jordan buys 60,000 tonnes hard wheat in tender
Dec 04, 2018HAMBURG: Jordan's state grains buyer purchased 60,000 tonnes of hard milling wheat to be sourced from optional origins in a tender for up to 120,000...
Oil rises as investors anticipate OPEC production cuts
Dec 04, 2018LONDON: Oil prices rose on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a reduction in Canadian supply. Brent crude oil...
South Africa’s rand gives up earlier gains, stocks firm
Dec 04, 2018JOHANNESBURG: South Africa's rand weakened on Tuesday as waning hopes of a swift resolution to the U.S.-China trade war overshadowed news of the economy snapping...
Dollar drops as US Treasury yield curve inversion sparks recession fears
Dec 04, 2018NEW YORK: The dollar fell broadly on Tuesday as U.S. Treasury yields slipped, feeding fears that the Federal Reserve could pause in its rate-hike cycle,...
Turkish lira weakens on concerns of looser monetary policy
Dec 04, 2018ISTANBUL: Turkey's lira weakened some three percent on Tuesday amid increased expectations of an early loosening in monetary policy after data showed the country's annual...
German yield spread tightest since 2017 as US curve flattens
Dec 04, 2018LONDON: The gap between Germany's two-year and 10-year bond yields tightened to its narrowest in 17 months on Tuesday, after parts of the U.S. Treasury...