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Protectionism may raise trade deficits: ECB

Author: ReutersThu, 2017-03-23ID: 1490207301123113500FRANKFURT: Protectionist trade policies may increase, rather than reduce, a country’s trade deficit, the European Central Bank (ECB) said…

India tries to fix Iran trade payments as Trump hardens line

Author: ReutersThu, 2017-03-23ID: 1490207301093113200NEW DELHI: India is exploring setting up a new payments mechanism for trade with Iran, after its old sanctions…

ACWA Power keen to buy assets from Saudi Electricity

Author: ReutersThu, 2017-03-23ID: 1490207259143103900DUBAI: Riyadh-based ACWA Power said it expects the first of four power generation companies owned by Saudi Electricity Co.…

Japan’s February trade surplus hits multi-year high

Author: ReutersThu, 2017-03-23ID: 1490207259173104500TOKYO: Japan’s trade surplus hit a multi-year high in February, government data showed Wednesday, as exports to China rebounded…

Oil prices slide on bulging American crude inventories

Author: ReutersThu, 2017-03-23ID: 1490207259163104200LONDON: Oil prices slipped back to three-month lows on Wednesday after data showed US crude inventories rising faster than…

Brexit banks set to avoid lengthy euro zone entry test — sources

Author: ReutersWed, 2017-03-22ID: 1490166805859169600 FRANKFURT: Banks in London that relocate operations to the euro zone after Brexit are likely to be spared…

Apple drives further into Facebook, Snap territory with video app

Author: Stephen Nellis | ReutersWed, 2017-03-22ID: 1490124188494390700SAN FRANCISCO, US: With the release of a new video app called Clips, Apple Inc. is…

Oil prices climb on talk that OPEC could extend supply cut

Author: ReutersWed, 2017-03-22ID: 1490123555254339500 LONDON: Oil prices climbed on Tuesday, helped by expectations that an OPEC-led output cut would be extended beyond…

Emirates Global Aluminium plans IPO, banks pitch for role

Author: ReutersWed, 2017-03-22ID: 1490123554924338600 DUBAI: Emirates Global Aluminium (EGA), one of the world’s top five producers, has invited banks to pitch for…

Asian deals seen helping Aramco valuation ahead of IPO

Author: ReutersWed, 2017-03-22ID: 1490123554814338300 SINGAPORE: Saudi King Salman’s tour of Asia had a determined marketing mission — to cement the Kingdom’s place…
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