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Turkish Airlines plans to revive passenger numbers, gainsTurkish Airlines is looking to revive its growth in passenger numbers by next year as the effects of terrorism and political turmoil wane after causing a loss in 2016, said a report. Last year, the airline posted a net loss of 47 More… |
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Iraq pro-govt forces make gains in Mosul battleIraqi pro-government forces have made gains at the start of a large-scale operation to retake Mosul, the last major stronghold of the Islamic State (IS) in the country, a report said. Iraqi government troops and Kurdish fighters l More… |
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Oil prices down as investors cash in on gainsOil prices fell on Friday, pulled down by a sell-off following two sessions of strong rises and on caution ahead of a gathering of Opec ministers next week in Algeria to discuss possible production cooperation to rein in global oversupply. More… |
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Global stocks head for another week of gainsWorld stocks were headed for their fourth week of gains in five on Friday after a surge in oil prices helped propel Wall Street's three main indexes to co-ordinated record highs for the first time since 1999. MSCI's 46-cou More… |
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Oil extends gains after biggest quarterly advance since 2009Oil rose after the biggest quarterly gain since 2009 as falling US supply added to speculation the global surplus is easing, said a report. Futures gained 0.6 per cent in New York, taking its advance for the week to 2 per cent. US More… |
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Asia shares inch ahead as G20 talks, oil holds gainsAsian shares made guarded gains as a gathering of world finance leaders provided a welter of reassuring comments, but little in the way of actual policy stimulus. Setting the tone for the Shangahi meeting of th More… |
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Asian shares hang on to gains, commodities batteredAsian shares were set to hold on to this week's gains, while the dollar took a breather on Friday after stepping back from seven-month highs as investors grappled with the prospects of higher US borrowing costs and slower global economic g More… |
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Asian shares rise to 2-month highs, dollar gainsAsian shares hit a two-month high on Friday, catching some of Wall Street's shine after upbeat US price and jobless claims data calmed some concerns about the strength of the US economy. MSCI's broadest More… |
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VCBank registers net gains of $14.1mBahrain-based Venture Capital Bank (VCBank) has reported a net profit of $14.1 million for the year ended June 30 this year as against $14.6 million for the previous year and a return on net paid-up capital of 7.8 per cent. In a statement issu More… |
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Oil markets extend gains after biggest daily climb in 6 yearsCrude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies. US crude are on track for their More… |
