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EU Hopes Fade for November Summit to Seal Brexit Deal

EU officials on Tuesday poured cold water on hopes of holding a special summit this month to seal a Brexit divorce, saying talks have made some progress -- but not enough.

One source close to the negotiations with London told AFP: "I think the summit will be in December. For the time being not enough progress on Irish border question to have a summit in November."

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U.S. Stocks Open Higher after Election Yields Split Congress

Wall Street stocks rose in opening trading Wednesday after Democrats won control of the House of Representatives in key midterm elections even as President Donald Trump's Republican party increased its Senate majority.

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Ex-US Treasury Chief Warns of 'Economic Iron Curtain'

Former US Treasury secretary Henry Paulson warned Wednesday of the risk of an "economic iron curtain" unless the United States and China step up efforts to ease soaring trade tensions.

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Saudi Arabia to Build First Nuclear Research Reactor

Saudi Crown Prince Mohammed bin Salman on Monday laid the foundation stone for the kingdom's first nuclear research reactor, state media said, as the kingdom seeks to diversify its energy mix.

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Australia Central Bank Lifts Economic Growth Forecast

Australia's central bank on Thursday said the economy was "performing well" and lifted its growth outlook while keeping interest rates at a record low but warned there were concerns about global trade.

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Turkish Inflation Surges to New 15-Year High of Over 25%

Inflation in Turkey surged to over 25 percent in October from the same period the year earlier, the highest annual rate for over 15 years, official statistics showed on Monday. 

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Sri Lanka Crisis Scares Tourists in Fresh Hit to Economy

A political crisis in Sri Lanka, where two prime ministers are fighting for power, is scaring away tourists and raising questions over foreign aid, ringing alarm bells for the economy as the currency slumps to record lows.

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Asian Markets Retreat as Trade Deal Euphoria Fades

Asian markets fell Monday after Donald Trump's top economics adviser downplayed the chances of a quick deal to end the China-US trade war, taking the wind out of the sails of last week's rally.

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UAE Amps Up Oil and Gas Output as Iran Sanctions Hit

UAE oil company ADNOC has announced the discovery of new oil and gas resources, with an eye on full self-sufficiency as US sanctions on Iran go into effect.

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Saudi Readies to Boost Supplies over Iran Oil Sanctions

With Washington poised to curtail Iran's oil exports, OPEC heavyweight Saudi Arabia and its partners stand ready to ramp up supplies even as market conditions remain uncertain, analysts say.

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