World equity markets were under pressure Friday as analysts ran out of ways to justify Donald Trump inspired stock valuations, but some said the party may not be completely over.Full Story
Royal Bank of Scotland said Friday that annual net losses more than trebled to £6.95 billion ($8.7 billion, 8.2 billion euros) in 2016 on litigation and restructuring costs.Full Story
An oil industry services company will pay $9.5 million in penalties for Gulf of Mexico safety violations and for pollution from a 2012 offshore platform fire that killed three workers.
The penalties against Houston-based Wood Group PSN were announced Thursday by the U.S. Justice Department in Washington and U.S. attorneys in New Orleans and Lafayette, Louisiana, where civil and criminal cases have been playing out. The penalties followed plea agreements.Full Story
Egyptians are bearing down under their worst inflation in a decade, cutting spending as much as possible as prices surge on basic food items, transport, housing, and even some essential medicines.
Inflation reached almost 30 percent in January, up five percent over the previous month, driven by the floatation of the Egyptian pound and slashing of fuel subsidies enacted by President Abdel-Fattah el-Sissi in November.Full Story
Opportunities are piling up in Lebanon as the country embarks on a new journey.
Held under the patronage of Prime Minister Saad Hariri, Project Lebanon will boost the country’s expanding construction and energy networks.Full Story
Nissan chief executive Carlos Ghosn said on Thursday he will quit the post to focus on overhauling scandal-hit Mitsubishi Motors, but will stay on as chairman at the Japanese automaker he was credited with saving.
Ghosn, 62, who also heads up French automaker Renault, will hand over the reins to Nissan veteran Hiroto Saikawa in April.Full Story
The four richest Indonesians are wealthier than the poorest 100 million people in the country, a study has found, highlighting how huge numbers have been left behind as the economy booms.Full Story
Asian markets mostly struggled Thursday as investors put the brakes on a Trump rally that has inflated global stocks, while Japanese car giant Nissan fell after Carlos Ghosn, the man considered its saviour, stepped down as CEO.
While New York's Dow index racked up a ninth successive all-time high, its longest record streak in 30 years, analysts said there was a sense that the advance may have gone too far.Full Story
German consumers' mood looks set to darken in March as concerns about rising inflation and US President Donald Trump's protectionist policies start to bite, a key survey found Thursday.
Market research firm GfK said its forward-looking index for March dipped to 10.0 points from 10.2 in February, slightly below analyst expectations.Full Story
An ATM in Delhi spewed dummy 2,000-rupee notes issued by the 'Children Bank of India', prompting an investigation into the embarrassing lapse, police said Wednesday, months after the government's shock cash ban triggered painful shortages.Full Story