Archive of 4 December 2018

Stocks retreat as trade truce doubts return

LONDON: 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

HAMBURG: 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

LONDON: 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

JOHANNESBURG: 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

NEW 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

ISTANBUL: 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

LONDON: 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...

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