35.4 C
Muscat
Tuesday, May 23, 2017
Business

Business

Bitcoin extends losses, slides another 12 percent on China warning

Bitcoin plunged another 12 percent on Friday after China's central bank urged investors to take a rational approach to the digital currency, which has...

Dollar retreats from 14-year high, Swedish crown has best day in...

The dollar took a breather on Wednesday after reaching a 14-year high the previous day, while the Swedish crown chalked up its biggest rise...

‘Trumpflation’ trade keeps dollar near 14-year highs

The dollar steadied close to its highest levels in 14 years on Monday, underpinned by expectations that a fiscal expansion planned by U.S. President-elect...

World stocks hold near 16-month highs after strong week

World stocks were set for a weekly gain and held near 16-month highs on Friday, while the euro steadied after swings following the European...

Oil up in choppy trade as OPEC makes last-ditch bid to...

Oil prices gained more than 2 percent on Monday in volatile trading after falling as much as 2 percent, recouping losses as the market...

U.S. opens door to oil exports after year of pressure

The Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban on exports of most domestic crude, taking two steps...

Volkswagen to cut 30,000 jobs at VW brand by 2020

Volkswagen (VOWG_p.DE) and its powerful labor unions agreed to cut 30,000 jobs at the core VW brand in exchange for avoiding forced redundancies in...

Dollar charges to 14-year high, bonds in full swing

The dollar scaled to its highest level in almost 14 years against a basket of currencies on Friday, while U.S. bond yields were set...

Oil volatile as U.S. crude build faces OPEC freeze hopes

Oil prices were little changed in volatile trading as the market weighed Russia's comments about a possible meeting with Saudi Arabia that renewed hopes...

Mazda recalls 70,000 cars in the U.S.

Mazda Motor Corp will recall about 70,000 of its RX-8 sports cars from model years 2004 to 2008 in the United States because of...

Google, Facebook move to restrict ads on fake news sites

Alphabet Inc's Google (GOOGL.O) and Facebook Inc (FB.O) on Monday announced measures aimed at halting the spread of "fake news" on the internet by...

Oil prices bounce as OPEC promises a cut is on the...

Oil rose more than 1 percent on Monday, boosted by a commitment from OPEC to stick to a deal to cut output, but prices...

STAY CONNECTED

72,920FansLike
14FollowersFollow
367FollowersFollow
83FollowersFollow