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Archive for the May 5, 2017

    • News Desk
    • May 5th, 2017
    • Comments Off on Societe Generale says Q1 hit by Libyan settlement

    French bank Societe Generale said Thursday that net profits were hit in the first quarter by a provision covering the settlement of a long-running legal dispute with Libya's sovereign fund. Societe Generale said in a

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  • Net profit at Royal Dutch Shell increased more than sevenfold in the first quarter as oil prices recovered from heavy declines, the energy giant said on Thursday. Profit after tax came in at $3.538 billion

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  • Net profit at Royal Dutch Shell increased more than sevenfold in the first quarter as oil prices recovered from heavy declines, the energy giant said on Thursday. Profit after tax came in at $3.538 billion

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    • News Desk
    • May 5th, 2017
    • Comments Off on World food prices fall for third straight month in April

    World food prices fell for the third month in a row in April as values declined for all agricultural commodities except meat, the United Nations food agency said on Thursday. The Food and Agriculture Organisation's

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    • News Desk
    • May 5th, 2017
    • Comments Off on Eurozone businesses race into Q2 on six-year high

    Eurozone businesses raced into the second quarter, increasing activity at the fastest rate in six years in April, according to a survey on Thursday which suggested the bloc's economic recovery is broadly based and sustainable.

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    • News Desk
    • May 5th, 2017
    • Comments Off on US labour market tightening; productivity drops in Q1

    New applications for US jobless benefits fell sharply last week and the number of Americans on unemployment rolls hit a 17-year low, pointing to a tightening labour market that could allow the Federal Reserve to

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    • News Desk
    • May 5th, 2017
    • Comments Off on Dubai’s Arabtec shines, Egypt rises in slack markets

    Arabtec's shares rose after the Dubai builder swung to its first quarterly net profit since September 2014, bucking the trend in most of the region's markets which followed global bourses and oil prices lower on

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  • Sri Lankan shares ended firmer on Thursday, helped by foreign buying in blue chips, after the International Monetary Fund said it may consider the country's request for a second loan review. The Colombo stock index

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    • News Desk
    • May 5th, 2017
    • Comments Off on Thursday’s early afternoon trade: stocks drop with oil prices

    US stocks were lower in early afternoon trading on Thursday as a steep fall in crude oil prices weighed on energy shares and with healthcare stocks in focus ahead of a cliffhanger vote on repealing

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    • News Desk
    • May 5th, 2017
    • Comments Off on Wall Street lower as Fed holds on rates; financials gain

    Wall Street kept losses on Wednesday after the US Federal Reserve held interest rates unchanged following its two-day policy meeting, and as investors digested another heavy round of earnings reports. The US central bank downplayed

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