Archive of 19 July 2019

Trump attacks US Fed, demands rate cut

WASHINGTON: President Donald Trump attacked the independent US Federal Reserve on Friday, demanding the central bank reverse course and cut interest rates -- something it...

Stocks wait on Fed rate cut

LONDON: European markets closed little changed Friday while Wall Street was largely flat as investors waited on a widely expected US interest rate cut to...

Yields rise as size of expected Fed rate cut in focus

NEW YORK: US Treasury yields rose on Friday as investors evaluated comments from two influential Federal Reserve officials on Thursday, which increased expectations that the...

Saudi Arabia’s May crude exports hit lowest in over 1-1/2 years

Saudi Arabia's crude oil exports fell to their lowest since October 2017 in May at 6.94 million barrels per day (bpd), down just over 3%...

Jet Airways’ lenders approve interim finance plan for the carrier

MUMBAI: Lenders to Jet Airways agreed on Friday to provide some interim financing to the bankrupt airline to help it cover legal and other costs,...

Italian, Chinese majors vie in Pakistan’s mega LNG tender

LONDON/SINGAPORE: Italian oil major Eni , China's overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG) to Pakistan...

US will shoot down any Iranian drones that fly ‘too close’ to its ships

WASHINGTON: The United States will destroy any Iranian drones that fly "too close" to its ships in the Strait of Hormuz and has evidence that...

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