Britain Rethinks Cash in Race Osborne Can’t Afford to Lose

Mark Carney was in charge of the Bank of England for only about 10 weeks before he started experimenting with money. That initial foray by the governor into re-imagining the U.K.’s currency will take shape...

Egypt, Yemen are top recipients of Saudi aid

RIYADH: Saudi Arabia has given Arab nations SR85 billion ($22.7 billion) in direct aid over 40 months, local media reported, quoting a report released by the International Monetary Fund (IMF). Egypt captured the biggest portion...

U.S. Stocks Fall as Budget-Impasse Concerns Grow

U.S. stocks fell, giving the Standard & Poor’s 500 Index its first weekly drop since August, as concern grew that the budget impasse will hurt economic growth in the world’s largest economy. Accenture Plc slid...

Fluctuations in Turkish economy, finance sector have ended: Albayrak

Recent fluctuations in the Turkish economy and financial sector have come to an end, Turkey’s Treasury and Finance Minister Berat Albayrak has said. Turkey’s risk premium in international markets posed a “significant drop” for over a month, Albayrak said at an event in...

ECB ready to pump €1 trillion into euro zone economy, says Draghi

The European Central Bank is ready to inject up to €1 trillion of new liquidity into the euro zone economy as it ramps up efforts to rescue the single currency bloc from the risk...

Oil Markets Look Forward To A Quiet Hurricane Season

By Irina Slav Last year, hurricane season disrupted a lot of oil production and refining capacity along the U.S. Gulf Coast, sending oil prices soaring. This year, however, oil bulls may be in for a disappointment...

Oil prices ease as trade row clouds demand outlook

BEIJING (Reuters) - Global oil prices eased in early Asian trading on Monday on concerns that the United States is poised to impose additional tariffs on China, outweighing supply fears from upcoming sanctions on...

Chambers of commerce see Germany’s 2017 growth at 2.3 percent: report

Reuters Staff BERLIN (Reuters) - The German DIHK chambers of industry and commerce will raise its 2017 growth forecast for Europe’s largest economy to 2.3 percent, Der Spiegel magazine reported on Saturday. DIHK in October raised...

‘No chances of making money’: Chinese retail investors have lost more than 100,000 yuan...

US-China trade war has also contributed to sharp falls in Shanghai Composite Index Daniel Ren- South China Morning Post So much for mainland Chinese investors’ plans of gaining from the country’s economic growth through its equity...

United remains silent on medical condition of airline CEO

United Continental Holdings Inc (UAL.N) remained silent on the medical condition of its new chief executive officer, who was admitted to the hospital Thursday, prompting questions from observers about who will lead the company...

Turkey attracted 30 million tourists in first 11 months of 2017

More than 30 million foreign nationals entered Turkey in the first 11 months of 2017, according to data compiled from Turkey’s migration authority has said. A total of 30.37 million foreign nationals entered Turkey, while...

Moody’s change outlook on Morocco’s rating to positive

JEDDAH: Moody’s Investors Service has changed the outlook on Morocco government’s rating to positive from stable and affirmed the issuer and senior unsecured ratings at Ba1. The country’s current account deficit has improved to an...

The European Nation Turning Its Back On Russian Gas

By Tim Daiss There has never been any love lost between Poland and Russia. Angst between the two countries dates back to Soviet dominance over Poland which started during World War II. Post war, Poland fell...

Snap shares sink 16 percent as redesign weighs on results

(Reuters) - Snap Inc fell short of Wall Street forecasts for revenue and regular users on Tuesday after a redesign of its Snapchat messaging app turned off some long-time fans and advertisers, sending its...

Goldman Sachs vindicated but bruised in court battle with Libyan fund

By Claire Milhench | LONDON The outcome of a two-and-a-half-year legal battle between Goldman Sachs and Libya's $67 billion sovereign fund is a triumph for the Wall Street giant, which was vindicated despite embarrassing revelations about how some...

RadioShack files for bankruptcy; Sprint to take over some stores

Electronics retailer RadioShack Corp (RSHC.PK: Quote, Profile, Research,Stock Buzz) filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate...

Martha Stewart Living sold for $353m

The home and lifestyle firm Martha Stewart Living Omnimedia is being sold for $353m (£223m) to a clothes brand management firm, Sequential Brands. Martha Stewart, who founded the firm in 1997, remains a key shareholder...

Paris to promote lifting of anti-Moscow sanctions by summer – French economy minister

France is going to assist in lifting sanctions imposed by the West on Russia by summer this year, Emmanuel Macron, France’s Minister of Economy, Industry and Digital Affairs, has announced. "The objective we all share...

Battle lines drawn as euro zone starts Greek debt talks

By Yann Le Guernigou and Renee Maltezou PARIS/BRUSSELS (Reuters) - Debt-laden Greece and EU paymaster Germany drew firm battle lines as euro zone finance ministers began crunch talks on Monday on the future of an...

Photographer: Chris Ratcliffe/Bloomberg Can Google and Facebook Help Fight Against Islamic State?

A year before Islamic State established its extremist caliphate in Syria and Iraq, Abdulmunam Almushawah noticed a disturbing development from more than 1,000 miles away in Saudi Arabia. The head of a program financed by...