Business

Global stocks inched higher during trading on Thursday as the positive combination of renewed US rate hike expectations and resurgence in oil prices elevated global sentiment. European markets charged ahead causing most major equities to conclude positive following the...

Brent crude pushed above the key psychological level to trade above $50 for the first time since November 2015. The 85% rally since Brent hit a 12-year low in January was supported by multiple factors, mainly oil disruption from...

A sense of anxiety threatened the financial markets during trading on Thursday following the unexpected currency depreciation by the People’s Bank of China that rekindled concerns over the health of the world’s second largest economy. This abrupt move by...

SAN FRANCISCO, May 25, (THEWILL) – Union Bank’s new brand identity, which was unveiled October 2015, has won two gold awards at the Transform Awards MENA 2016 held in Dubai recently. The bank, in a statement, revealed that it carted...

The inverse correlation between the U.S. dollar and oil seems to have been ignored in recent days. Although the dollar appreciated by more than 2.7% against a basket of currencies since the beginning of May, U.S. Oil rose by...

Stock markets surged with ferocity during trading on Tuesday following the incredible US new homes sales report, which reinforced expectations over the Federal Reserve raising US rates in Q2. American equities lurched to fresh highs as the dissipating fears...

The Sterling was catapulted onto an unpredictable path during trading this month as the intensifying Brexit debate heightened currency sensitivity which consequently left prices vulnerable to sharp swings. Explosive bursts of volatility have influenced the erratic movements in the...

Telecom network equipment maker Nokia (NOKIA.HE) is likely to cut 10,000 to 15,000 jobs globally - far more than it has announced so far - after its acquisition of Franco-American rival Alcatel-Lucent (ALUA.PA), a Finnish union representative said. The company...

Twitter is overhauling some of its rules to try to make itself simpler to use and more attractive to newcomers. Members will be able to add multimedia to tweets - including pictures, links and videos - without eating into the...

French finance officials have raided the Paris offices of US internet giant Google as part of a tax fraud investigation. Reports say about 100 tax officials entered Google's offices in central Paris early in the morning. Police sources confirmed the raid....