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    Creditors plan to inject $2 billion in Asiana after sale deal collapses

    Creditors plan to inject $2 billion in Asiana after sale deal collapses

    12 Sep 2020

    Creditors plan to inject $2 billion into debt-ridden Asiana Airlines after a planned sale of South Korea’s second-largest carrier collapsed, a state bank said. Kumho Industrial pulled the 2.5...

    AUIEC’s meet reviews 2021 plans, agenda to counter virus impact

    AUIEC’s meet reviews 2021 plans, agenda to counter virus impact

    11 Sep 2020

    The Arab Union for International Exhibitions and Conferences (AUIEC), which operates under the umbrella of the Council of Arab Economic Unity of the Arab League, has recently held an extraordinary...

    Global economy seeing sharper V recovery, raising case for inflation: Morgan Stanley

    Global economy seeing sharper V recovery, raising case for inflation: Morgan Stanley

    08 Sep 2020

    The global economy is likely to recover to pre-pandemic levels by early next quarter, about three months earlier than previously expected, economists at Morgan Stanley said. "The evidence indicates...

    Emirates returns Dhs5 billion to customers in refunds

    Emirates returns Dhs5 billion to customers in refunds

    07 Sep 2020

    Emirates Airlines announced that is has returned over Dhs5 billion (US$ 1.4 billion) in COVID-19 related travel refunds to date, making strong and steady progress on its commitment to customers...

    Gold gains as stocks retreat; US jobs data in focus

    Gold gains as stocks retreat; US jobs data in focus

    04 Sep 2020

    Gold prices rose on Friday, as US Treasury yields fell and a pullback in global equities bolstered demand for the safe-haven metal ahead of US non-farm payrolls data, but a...

    Oil prices hover around multi-week lows on demand worries

    Oil prices hover around multi-week lows on demand worries

    03 Sep 2020

    Oil prices were hovering around multi-week lows on Thursday as worries about falling US gasoline demand and sluggish economic recovery from the COVID-19 pandemic dented sentiment. US West Texas...

    Euro aims for $1.20 as dollar selloff gathers pace

    Euro aims for $1.20 as dollar selloff gathers pace

    01 Sep 2020

    The euro homed in on the $1.20 mark on Monday as it scaled another 28-month high while the dollar weakened to a new multi-year low as investors bet the Federal...

    Wizz Air warns recovery could stall

    Wizz Air warns recovery could stall

    30 Aug 2020

    Hungary’s Wizz Air warned its industry-leading recovery could stall as COVID-19 warnings and restrictions hamper travel across Europe, but said Britain’s quarantine rules had not led it reconsider long-term expansion...

    China stocks end higher as new start-up listings surge on reforms cheer

    China stocks end higher as new start-up listings surge on reforms cheer

    24 Aug 2020

    China stocks closed higher on Monday, with strength seen in the tech-heavy start-up board ChiNext, as investors cheered Beijing's continued market reforms to foster its tech strength. The blue-chip...

    Coffee prices seen rising slightly by end-2020 despite higher surplus

    Coffee prices seen rising slightly by end-2020 despite higher surplus

    03 Aug 2020

    Coffee prices, both for arabica and robusta futures, are seen rising slightly by the end of 2020 from current values despite an overall view of a larger surplus in the...

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