European stocks are expected to open lower Tuesday, dragged down by negative sentiment in China and the U.S. The FTSE 100 is seen off by 7 points at 7,409; the German DAX is set to start lower by 8 points at 13,080 and the CAC 40 is seen down by 5 points at 5,336. In […]

China’s growth rate and the burgeoning relevance of its consumers are “easily” the most important influences on the global economy, according to the former chairman of Goldman Sachs Asset Management. Jim O’Neill said Monday that while it had been “fashionable” to talk about India outpacing China as the fastest-growing major economy, it should not be […]

A sharp slump in the price of sterling early on Monday is unlikely to continue, according to currency experts, who believe that fears over U.K. Prime Minister Theresa May’s leadership are over exaggerated. The pound dropped 0.9 percent Monday morning to $1.3070, aided by a report by the U.K.’s Sunday Times newspaper which revealed a […]

Saudi Aramco’s plan to take a portion of its business public next year will go ahead as scheduled in 2018, Oman’s oil minister told CNBC Monday. At an energy industry conference in Abu Dhabi, Oman’s Mohammed bin Hamad al-Rumhi was pressed for a definitive answer regarding his expectations over Saudi Aramco’s potential IPO next year. […]

OPEC sees no reason for investors to expect oil to hit peak demand before 2040, the organization’s secretary general said Monday. Speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC), General Mohammed Barkindo said that the cartel’s projections did not foresee oil demand cresting over the coming decades. Instead, he argued, a dramatic increase […]

United Arab Emirates Minister for Energy Suhail al-Mazroui said Monday that he expected OPEC and non-OPEC countries to extend global supply cuts at a closely-watched meeting at the end of the month. Speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC), al-Mazroui said: “My prediction is OPEC will continue to do what it takes […]

Russian aluminium giant Rusal‘s core earnings beat expectations in the third quarter, helped by rising aluminium prices and greater sales of higher margin products. Third quarter earnings before interest, taxation, depreciation and amortisation (EBITDA) surged by 30 percent to $549 million from $421 million in the third quarter of 2016 Analysts had expected core earnings […]

Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates (UAE) oil giant, said Monday it plans to sell at least 10 percent of its stake in its fuel retail business in an initial public offering (IPO) next month. The listing will be on the Abu Dhabi bourse and is expected before the end of […]

European stocks are expected to open higher Monday as investors focus on earnings, while keeping an eye on tax reform plans in the U.S. and political woes in the U.K. The FTSE 100 is seen up by 20 points at 7,453; the German DAX is seen higher by 6 points at 13,124 and the CAC […]

One of Europe’s smallest countries now holds claim to being a giant in the space industry. Luxembourg, with a population less than the state of Vermont, now generates nearly 2 percent of its annual gross domestic product from the space industry, according to Deputy Prime Minister Etienne Schneider. The country’s economy checked in just shy […]