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Saudi Arabia expects budget deficit for sixth straight year
Dec 18, 2018
RIYADH — Saudi Arabia on Tuesday announced an expansionary budget for 2019 but projected a shortfall for the sixth year in a row due to low oil prices.The budget projects a deficit of $35 billion, still about 32 per cent lower than the estimated deficit for the current calendar year.Spending is estimated at $295 billion, the largest in the oil-rich ...
Positive surprise: Investors soothed by Mexico budget
Dec 17, 2018
MEXICO CITY — The first budget presented by Mexico's new leftist government met with ...
Germany to tighten rules on foreign takeovers — report
Dec 16, 2018
BERLIN — Germany plans to toughen rules on non-EU share purchases and acquisitions of ...
Western tourists trickle into Saudi Arabia as it tries to open up
Dec 15, 2018
RIYADH — Western tourists, a rarity in Saudi Arabia, visited this weekend under a new visa system, as one of the world’s most inaccessible c ...
Fiat Chrysler may review $5.7b plan if Italy taxes diesel, petrol cars
Dec 13, 2018
MILAN — Fiat Chrysler (FCA) could review its 5 billion euro ($5.7 billion) Italian investment plan, which includes a shift to cleaner engine ...
2019 will be more profitable for airlines — IATA
Dec 12, 2018
GENEVA — The International Air Transport Association (IATA) forecasts the global airline industry net profit to be $35.5 billion in 2019, sl ...
Trade war optimism lifts European shares
Dec 11, 2018
LONDON — European shares traded higher in the morning on Tuesday as a whiff of optimism over the Sino-US trade dispute lifted sentiment afte ...
Pound hits 20-month low after Britain’s May aborts Brexit vote
Dec 10, 2018
LONDON — Sterling tumbled to its weakest since April 2017 on Monday after Prime Minister Theresa May pulled a parliamentary vote on her Brex ...
Licking their wounds, fund managers prepare for rally in 2019
Dec 09, 2018
NEW YORK — With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not s ...
Oil prices surge as OPEC agrees joint 1.2m bpd cut with partners
Dec 08, 2018
VIENNA  — OPEC members and 10 other oil producing nations, including Russia, agreed on Friday to cut output by 1.2 million barrels per ...
Ride-hail firm Lyft races to leave Uber behind in IPO chase
Dec 06, 2018
 Ride-hailing company Lyft Inc. ...
Russian tech giant Yandex unveils first smartphone
Dec 05, 2018
MOSCOW — Russian Internet giant Yandex on Wednesday launched its first ever smartphone in a highly anticipated move into hardware that build ...
Dubai property prices drop by 7.4 %
Dec 05, 2018
DUBAI — Prices for Dubai's residential real estate went down 7.4 per cent in the third quarter of 2018 from a year earlier, with the drop ac ...

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