China stocks fell more than 1 per cent on Friday as Britain's vote to leave the European Union shocked global financial markets, but the country's tight capital controls curbed the sort of heavy selling which pummelled other Asian market
Lufthansa shares fell as much as 4.2 per cent on Friday after the German airline announced the surprise departure of chief financial officer Simone Menne, said a report.
Menne, who turns 56 in October, will resign effective August
Oil prices fell on Friday, as a stronger dollar pulled crude off the 2016 highs hit this week, although strong refinery demand and global supply disruptions lent some support.
International Brent crude oil futures were trading at
China's May exports fell by a more-than-expected 4.1 per cent from a year earlier, while imports slipped by 0.4 per cent, much less than expected.
That left the country with a trade surplus of $49.98 billion for the month, the
Ghabbour Auto's first-quarter net profit fell 70 per cent, the Egyptian auto distributor said in a bourse statement on Wednesday.
The country's distributor of tuk-tuks and motorbikes made by India's Bajaj Auto has been
Oil prices edged to new 2016 highs on Friday, lifted by a weak dollar and falling production in the US, although a looming rise in Middle East output capped gains.
Brent crude futures were trading at $48.30 a barrel at 0644 GMT, u
Saudi Arabia's central bank, which serves as the kingdom's sovereign wealth fund, reported a fall of $6 billion in net foreign assets in March as low oil prices took their toll.
Net foreign assets held by the central bank
Volkswagen brand sales kept falling in March as the carmaker struggles to overcome its diesel emissions scandal, though the pace of the slowdown eased compared with February.
Global deliveries of Volkswagen'
Oil prices slipped on Monday after banks dampened hopes that the result of next Sunday's meeting of producers in Qatar aimed at freezing current output levels would improve the current supply-demand balance.
Fashion Forward Dubai (FFWD), the region’s progressive fashion platform, endorsed by the Dubai Design and Fashion Council (DDFC), closed its Fall/Winter ’16 season to great acclaim from industry figures, having presented 39 apparel