Wall Street retreated from fresh record highs and other stock markets went negative Thursday as a 24-hour rally following Donald Trump's shock election win fizzled out.
Hopes that Trump's expected economic policies would help kickstart the US economy with government spending programmes took equity markets on an upward surge -- until analysts began to urge caution.Full Story
Output by OPEC oil producers has reached record levels, the International Energy Agency said Thursday, raising fears a global oil glut will continue to weigh on markets unless the cartel agrees on a cut.
Production by the 14 members of OPEC rose to "a record 33.83 million barrels per day in October", the IEA said, just weeks ahead of talks aimed at hammering out a deal to curb production.Full Story
As a forerunner and innovator in the banking sector, SGBL was strongly present at BDL Accelerate 2016, the annual must see event. This year’s conference gathered a large number of investors, start-ups, inventors and local and international speakers who shared with more than 20,000 attendees their experience and tips in entrepreneurship and innovation.
SGBL stood out with its innovative and high-tech stand which highlighted its advisory offer, sponsorship, financing and creation as well as its commitment to young Lebanese talents and its promise to get things moving.Full Story
Egypt's central bank said Thursday that it had issued $2 billion in bonds to international creditors to buy up assets and restore liquidity to its troubled financial system.
It did not elaborate on who the lenders were, saying only that the bonds had been taken up by a "consortium of international banks" and would have a maturity of one year.Full Story
Long queues formed outside banks in India on Thursday as they reopened for the first time since the government's shock decision to withdraw the two largest denomination notes from circulation.Full Story
After Britain's shock vote to quit the EU, Donald Trump's victory is a new powerful sign of a popular backlash against the drive for globalization and more free trade.Full Story
Donald Trump's shock election win in the United States "is not a good day for the world economy" and could force the European Central Bank "to intervene", governing council member Ewald Nowotny said Wednesday.Full Story
Moscow stocks ticked up Wednesday on news of Donald Trump's victory in the U.S. presidential election, running counter to falls in global financial markets, amid hope that Trump would mend relations with Moscow.Full Story
The London stock market edged back into positive territory on Wednesday, having slumped by almost two percent at the open following Donald Trump's U.S. election victory.Full Story
Mexicans bowed their heads in disbelief, the peso tumbled and the government prepared a response as Donald Trump, whose anti-immigrant rhetoric infuriated the country, won the U.S. presidential election.
At an American barbecue restaurant called Pinche Gringo in Mexico City, a festive mood turned somber as Mexicans and Americans rubbed their necks and could barely utter a word as they watched television networks confirming Trump's victories in key states against Democrat Hillary Clinton.Full Story