Business
IEA chief says oil price bottoming depends on global growth
May 1, 2016
IEA chief says oil price bottoming depends on global growth
International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the…
Apple’s stock suffers worst week since 2013
April 30, 2016
Apple’s stock suffers worst week since 2013
Apple Inc on Friday ended its worst week on the stock market since 2013 as worries festered about a slowdown…
Refining’s silver lining loses luster at Exxon and Chevron
April 30, 2016
Refining’s silver lining loses luster at Exxon and Chevron
Exxon Mobil Corp and Chevron Corpon Friday reported their most dismal quarterly results in more than a decade on low…
Mitsubishi Motors has cash to weather mileage scandal, but brand battered, again
April 29, 2016
Mitsubishi Motors has cash to weather mileage scandal, but brand battered, again
Mitsubishi Motors' (MMC) (7211.T) market value and Japanese orders have halved since it admitted last week to rigging fuel economy…
Amazon profit crushes estimates as cloud-service revenue soars
April 29, 2016
Amazon profit crushes estimates as cloud-service revenue soars
Amazon.com Inc (AMZN.O) on Thursday reported profit and revenue that blew past analysts' expectations, sending its shares soaring in after-hours…
Egyptian central bank keeps key interest rates unchanged
April 29, 2016
Egyptian central bank keeps key interest rates unchanged
Egypt's central bank kept its key interest rates unchanged on Thursday in its first decision since it raised rates by…
Crude oil prices steady after hitting new 2016 highs
April 28, 2016
Crude oil prices steady after hitting new 2016 highs
Oil futures steadied after setting new 2016 highs on Thursday as traders locked in profits, though analysts said supply disruptions,…
Egypt’s CIB approves extension for Beltone Financial’s offer for CI Capital
April 28, 2016
Egypt’s CIB approves extension for Beltone Financial’s offer for CI Capital
Egypt's Commercial International Bank (CIB) approved a two-week extension for an offer by Beltone Financial to acquire its subsidiary CI…
Geldof’s fund 8 Miles eyes more Egyptian, African investments: interview
April 27, 2016
Geldof’s fund 8 Miles eyes more Egyptian, African investments: interview
Bob Geldof's private equity fund plans to acquire more stakes in African firms before the end of the year, the…
Eastern Libya ships first oil cargo in defiance of Tripoli
April 27, 2016
Eastern Libya ships first oil cargo in defiance of Tripoli
A government based in eastern Libya has shipped its first cargo of crude in defiance of authorities in the capital…