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‘Oil demand picking up as countries ease lockdown’

Saudi Aramco’s Chief Executive Amin Nasser said on Sunday that he sees oil demand recovering in Asia as economies gradually open up after the easing of coronavirus lockdowns. “Look...

Algeria economy rocked by one-two punch

Currency depreciation, inflation, negative growth, businesses closed: Algeria's economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues. And unless remedial action is...

Stocks shrug off jobs data, US-China tension

Wall Street brushed off data released on Friday showing the US economy adding jobs as US-Chinese tensions mount and a standoff over fresh stimulus continues. The monthly US non-farm...

Tokyo shares falter on weak Asia markets, profit-taking

Tokyo shares closed lower on Friday, with investors cautious on soft Asian markets and weak corporate earnings, and profit-taking ahead of a long weekend. The benchmark Nikkei 225 index...

Global stocks, yields plunge as investors wait for US stimulus

Global equity markets slipped and bond yields fell on Thursday as investors awaited an agreement on a US aid package to mitigate the fallout from the coronavirus crisis, with poor...

FAB issues Formosa bond globally

First Abu Dhabi Bank (FAB), recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25 billion five-year issuance. Despite the...

Gold edges back from record peak as firm US data dims shine

Gold was little changed on Tuesday, hovering below the previous session's record peak as fears over the pace of economic recovery amid surging coronavirus cases were offset by upbeat U.S....

Oil falls on fears of glut as OPEC+ set to boost output

Oil prices fell on Monday on oversupply worries as OPEC and its allies are set to wind back output cuts in August and a rise in worldwide COVID-19 cases points...

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

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...