OPEC, OPEC+ agree to historic 10 million barrel/day production cut amid coronavirus impact
OPEC and its allies, known as OPEC+, have agreed on Thursday to historic production cuts that will take 10 million…
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Man behind cut, copy and paste shortcuts dies aged 74
Icon of early computing, Larry Tesler, has died at the age of 74. Thanks to his innovations - which included the…
Egypt’s c.bank likely to cut second straight interest rates
Central Bank of Egypt (CBE) is expected to cut its key interest rates by 50 to 150 basis points on Thursday, a…
Trump unimpressed with US Fed recent interest rate cut
The US central bank has cut interest rates for the first time since 2008 but not won over President Donald Trump.
Oil hits 2018 low as OPEC considers an output cut
Oil prices fell to their lowest in a year on Friday, on course for their biggest one-month decline since late 2014,…
Egypt to partially cut natural gas subsidies in August
The Egyptian Cabinet decided on Saturday to partially cut subsidies on natural gas for domestic and commercial…
Egypt to increase fuel prices by 35-45% in Q1 of FY2018/19
Fuel prices in Egypt are expected to rise between 35 percent and 45 percent in the first quarter of financial year…
Telecom Egypt: internet services restored after damaged undersea cable bypassed
Telecom Egypt, the country's largest internet provider, said on Tuesday that it has fully restored its internet…
Oil rises after Iraq signals possible OPEC cut extension
Oil prices rose on Wednesday after Iraq's oil minister said OPEC and other crude producers were considering…
Oil jumps as Russia and Saudi Arabia discuss extending output cut deal
Oil prices marched higher on Tuesday following reports indicating that Russia and Saudi Arabia are considering…
Prosecution launches investigation into Friday’s hour-long Cairo Airport power cut
Egypt’s top Prosecutor Nabil Sadek ordered on Saturday that investigations be opened into a power cut at Cairo…
Egypt to suspend air links with Qatar from today
Egypt said it will suspend air links with Qatar from Tuesday, 6 June 2017, after it and other Arab states cut…
Oil prices fall as White House proposes US oil reserve sales
Oil prices fell on Tuesday after U.S. President Donald Trump proposed the sale of half the country's strategic oil…
Israel cuts $6 million in U.N. funding over settlements resolution
Israel said on Friday it would cut $6 million in funding to the United Nations in 2017 in protest against a U.N.…
Oil prices surge, trading volume records smashed as OPEC, Russia agree output cut
An agreement between oil producer club OPEC and Russia to produce less to drain a global glut sent prices soaring…
Oil, dollar, energy shares and bond yields leap on OPEC deal
Oil prices and energy shares swept higher on Thursday after OPEC agreed to cut crude output to clear a glut, while…
Water cuts and rising food prices leave Mosul facing crisis
Fighting between Iraqi troops and Islamic State militants has cut water supplies across a large part of Mosul,…
Eni eyes cutting stake in Egypt’s Zohr giant gas field to 50%
Italian oil and gas company Eni is in talks with various parties to cut its stake in the giant Zohr gas field…
Parliament supports Cabinet’s move to float pound, cut fuel subsidy
The Egyptian parliament's majority bloc Support Egypt announced in a statement Saturday that it fully supports the…
Sharp forecasts first annual operating profit in three years
Japan's Sharp Corp on Tuesday forecast its first annual operating profit in three years after it cut jobs and…
BOJ likely to cut inflation forecasts, wary of easing: sources
The Bank of Japan is likely to slightly cut next fiscal year's inflation forecast in a quarterly review, sources…
BOJ’s Kuroda vows to cut rates, buy more assets to fight shocks
Bank of Japan Governor Haruhiko Kuroda said on Saturday the central bank will deepen negative interest rates or…
U.S. banks want to cut branches, but customers keep coming
Despite banks' nudging toward online tools, many U.S. customers are not ready to give up regular visits to their…
BOJ’s Kuroda says won’t rule out deepening negative rate cut-Sankei
The Bank of Japan will not rule out deepening a cut to negative rates it introduced in February, the Sankei…
Weak U.S. retail sales, inflation data dim prospect of Fed rate hike
U.S. retail sales were unexpectedly flat in July as Americans cut back on discretionary spending, pointing to a…
Gold dips on firmer dollar; market awaits BoE policy decision
Gold slipped further on Thursday as the dollar firmed on the back of strong economic data and Asian stocks ticked…
Sterling slips as BoE rate call looms, Asian shares boosted by oil
The British pound edged lower on Thursday as investors anticipated the Bank of England would cut interest rates to…
Bank of England poised to cut rates for first time since 2009
The Bank of England is poised to cut interest rates for the first time since 2009 later on Thursday, as Britain's…
Toyota cuts full-year operating profit forecast on stronger yen
Toyota Motor Corp (7203.T) cut its full-year forecast for operating profit, expecting it to fall 44 percent from a…
Dollar steady, sterling waits for BoE rate cut decision
The dollar held steady above a recent six-week low on Thursday, while sterling stayed in a tight range with…
Dollar mired near three-week low, Aussie pares post-RBA losses
The dollar hovered near three-week lows on Tuesday after soft U.S. economic data undermined the case for an early…
Microsoft plans to cut 2,850 more jobs
Microsoft said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up…
Britain offers new oil and gas licenses amid exploration drought
Britain has cut rental fees by up to 90 percent in its latest tender for oil and gas licenses in the North Sea…
Australia Q2 inflation to make or break case for rate cut
Australian inflation likely braked to all-time lows in the second quarter, if analyst forecasts prove right,…
Indonesia central bank seen cutting key rate again to try to spur growth
Indonesia's central bank on Thursday is expected to make its fifth policy rate cut this year as it tries to help…
Oil prices fall on oversupply concerns despite output cuts
Oil prices eased on Tuesday as concerns over a crude and refined fuel glut outweighed an expected cut in U.S. shale…
Dollar slips vs yen on profit-taking; kiwi tumbles
The dollar sagged against the yen on Tuesday as investors took profit after its recent rally, while the kiwi was…
Bank of England poised to cut rates to cushion Brexit hit to UK
The Bank of England is set to cut interest rates for the first time in more than seven years as it tries to cushion…
Asian shares hover near eight-month peak on BoE rate cut hope
Asian shares hovered near eight-month highs on Thursday as investors bet the Bank of England will cut interest…
Airbus cuts A380 delivery target to avoid glut
Europe's Airbus on Tuesday cut the delivery target for its A380 superjumbo to 12 a year from 2018, down from 27 in…